Buffalo Growth Correlations

Mutual Funds . USA . 
Fund . Buffalo Growth
BIIGX Fund  USD 38.17  0.18  0.47%   
The current 90-days correlation between Buffalo Growth and Ab Impact Municipal is -0.04 (i.e., Good diversification). The correlation of Buffalo Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Buffalo Growth Correlation With Market

Average diversification

The correlation between Buffalo Growth and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Buffalo Growth. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Buffalo Mutual Fund

  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.92FTCAX Templeton Strained BondPairCorr
  0.83PYAIX Payden Absolute ReturnPairCorr
  0.84PYARX Payden Absolute ReturnPairCorr
  0.89BCAAX Brandywineglobal CPairCorr
  0.67DIS Walt Disney Sell-off TrendPairCorr
  0.83CSCO Cisco Systems Sell-off TrendPairCorr
  0.67HPQ HP IncPairCorr
  0.7WMT Walmart Aggressive PushPairCorr
  0.74JPM JPMorgan Chase Sell-off TrendPairCorr
  0.73INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.64TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.79CVX Chevron Corp Sell-off TrendPairCorr
  0.76BAC Bank of America Aggressive PushPairCorr

Moving against Buffalo Mutual Fund

  0.98USPSX Profunds UltrashortPairCorr
  0.98USPIX Profunds UltrashortPairCorr
  0.94UIPIX Ultrashort Mid CapPairCorr
  0.73JNJ Johnson Johnson Sell-off TrendPairCorr
  0.72KO Coca Cola Aggressive PushPairCorr
  0.6PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BIDKX
+ 0.99
ABIMX
BIDKX
+ 0.99
PRINX
PRINX
+ 0.98
ABIMX
FHYVX
+ 0.93
PRINX
FHYVX
+ 0.91
BIDKX
FHYVX
+ 0.89
ABIMX
  
High negative correlations   
TFGXX
- 0.28
ABIMX
TFGXX
- 0.22
BIDKX
TFGXX
- 0.17
PRINX

Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo Growth Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Buffalo Growth's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY