Buffalo Flexible Correlations

BUFBX Fund

USD 21.00 0.05 0.24%

The current 90-days correlation between Buffalo Flexible Income and Villere Balanced Fund is 0.02 (i.e., Significant diversification). The correlation of Buffalo Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Buffalo Flexible Income and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Flexible Income 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 Flexible Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Buffalo Mutual Fund

0.88	BUFIX	Buffalo International	Pair Corr
0.78	BUFHX	Buffalo High Yield	Pair Corr
0.91	BUIIX	Buffalo International	Pair Corr
0.78	BUIHX	Buffalo High Yield	Pair Corr
0.93	BUIBX	Buffalo Flexible Income	Pair Corr
0.74	VVIAX	Vanguard Value Index	Pair Corr
0.9	DOXGX	Dodge Cox Stock	Pair Corr
0.79	AFMFX	American Mutual	Pair Corr
0.79	FFMMX	American Funds American	Pair Corr
0.79	FFFMX	American Funds American	Pair Corr
0.79	AMRMX	American Mutual	Pair Corr
0.82	AMFFX	American Mutual	Pair Corr
0.78	AMFCX	American Mutual	Pair Corr
0.8	DODGX	Dodge Stock Fund	Pair Corr
0.74	VIVAX	Vanguard Value Index	Pair Corr
0.79	LSIZX	Columbia Strategic Income	Pair Corr

Moving against Buffalo Mutual Fund

0.52	SMPSX	Semiconductor Ultrasector	Pair Corr
0.5	SMPIX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	VILLX	BUFHX	BUFGX	GLRBX	BUFMX
VILLX		0.84	0.49	0.79	0.68	VILLX
BUFHX	0.84		0.28	0.66	0.5	BUFHX
BUFGX	0.49	0.28		0.79	0.93	BUFGX
GLRBX	0.79	0.66	0.79		0.88	GLRBX
BUFMX	0.68	0.5	0.93	0.88		BUFMX
	VILLX	BUFHX	BUFGX	GLRBX	BUFMX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo Flexible 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 Flexible'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VILLX	0.53	0.00	0.00	(0.04)	0.00	0.00	0.98	(1.02)	2.67
BUFHX	0.10	0.00	0.15	(0.05)	0.13	(0.12)	0.19	(0.28)	0.94
BUFGX	0.98	(0.10)	0.00	(0.14)	0.00	0.00	1.81	(2.36)	5.97
GLRBX	0.43	(0.05)	0.00	0.48	0.00	0.00	0.75	(0.84)	2.30
BUFMX	0.80	(0.06)	0.00	(0.11)	0.00	0.00	1.48	(1.82)	4.29

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