Buffalo Dividend Correlations

Mutual Funds . USA . 
Fund . Buffalo Dividend Focus
BUFDX Fund  USD 34.03  0.14  0.41%   
The current 90-days correlation between Buffalo Dividend Focus and Buffalo Emerging Opportunities is 0.85 (i.e., Very poor diversification). The correlation of Buffalo Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Buffalo Dividend Focus and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Dividend Focus 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 Dividend Focus. 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 unemployment.

Moving together with Buffalo Mutual Fund

  0.87BUFSX Buffalo Small CapPairCorr
  0.88BUFOX Buffalo Emerging OppPairCorr
  0.97BUFMX Buffalo Mid CapPairCorr
  0.95BUFGX Buffalo GrowthPairCorr
  0.91BUFHX Buffalo High YieldPairCorr
  0.94BUFEX Buffalo Large CapPairCorr
  0.97BUFTX Buffalo DiscoveryPairCorr
  0.97BUITX Buffalo DiscoveryPairCorr
  0.87BUISX Buffalo Small CapPairCorr
  0.97BUIMX Buffalo Mid CapPairCorr
  0.88BUIOX Buffalo Early StagePairCorr
  0.91BUIHX Buffalo High YieldPairCorr
  0.94BUIEX Buffalo Large CapPairCorr
  1.0BUIDX Buffalo Dividend FocusPairCorr
  0.95BIIGX Buffalo GrowthPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.97VINIX Vanguard InstitutionalPairCorr
  0.97VIIIX Vanguard InstitutionalPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.82XNKGX Nuveen Georgia QualityPairCorr
  0.89XPPRX Voya Prime RatePairCorr
  0.87PCF Putnam High IncomePairCorr
  0.94CII Blackrock EnhancedPairCorr

Moving against Buffalo Mutual Fund

  0.68BUFIX Buffalo InternationalPairCorr
  0.68BUIIX Buffalo InternationalPairCorr
  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.61XNXJX Nuveen New JerseyPairCorr
  0.57XNBHX Neuberger Berman IntPairCorr
  0.44NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis

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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   
BUFTX
+ 0.95
BUFOX
BUFEX
+ 0.94
BUFTX
BUFEX
+ 0.85
BUFOX
BUFBX
+ 0.7
BUFOX
BUFBX
+ 0.69
BUFTX
BUFBX
+ 0.55
BUFEX
  
High negative correlations   
BUFEX
- 0.53
BUFIX
BUFIX
- 0.53
BUFTX
BUFIX
- 0.39
BUFOX

Risk-Adjusted Indicators

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

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