Buffalo Large Correlations

Mutual Funds . USA . 
Fund . Buffalo Large Cap
BUFEX Fund  USD 50.86  0.16  0.32%   
The current 90-days correlation between Buffalo Large Cap and Buffalo Growth Fund is 0.92 (i.e., Almost no diversification). The correlation of Buffalo Large 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 Large Correlation With Market

Poor diversification

The correlation between Buffalo Large Cap and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Large Cap 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 Large Cap. 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 income.

Moving together with Buffalo Mutual Fund

  0.95BUFSX Buffalo Small CapPairCorr
  0.93BUFOX Buffalo Emerging OppPairCorr
  0.94BUFMX Buffalo Mid CapPairCorr
  0.8BUFGX Buffalo GrowthPairCorr
  0.76BUFDX Buffalo Dividend FocusPairCorr
  0.8BUFTX Buffalo DiscoveryPairCorr
  0.78BUIMX Buffalo Mid CapPairCorr
  0.79BUIOX Buffalo Early StagePairCorr
  0.81BUIEX Buffalo Large CapPairCorr
  0.81BIIGX Buffalo GrowthPairCorr
  0.9FAFGX American FundsPairCorr
  0.9FFAFX American FundsPairCorr
  0.88GFACX Growth FundPairCorr
  0.81GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.9CGFFX Growth FundPairCorr
  0.88CGFCX Growth FundPairCorr
  0.81CGFAX Growth FundPairCorr
  0.9CGFEX Growth FundPairCorr
  0.9RGAEX Growth FundPairCorr
  0.72SMPIX Semiconductor UltrasectorPairCorr
  0.68SMPSX Semiconductor UltrasectorPairCorr

Moving against Buffalo Mutual Fund

  0.55CCLFX Cliffwater CorporatePairCorr
  0.46VTMGX Vanguard DevelopedPairCorr
  0.45MIPIX Matthews Asia DividendPairCorr
  0.41DURIX Deutsche European EquityPairCorr
  0.39ABQYX Ab Intermediate BondPairCorr

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   
BUFOX
+ 0.91
BUFMX
BUFBX
+ 0.82
BUFHX
BUFMX
+ 0.79
BUFGX
BUFOX
+ 0.71
BUFGX
BUFHX
+ 0.4
BUFMX
BUFHX
+ 0.39
BUFGX
  
High negative correlations   
BUFOX
- 0.17
BUFBX

Risk-Adjusted Indicators

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