Buffalo Growth Correlations

BUFGX Fund  USD 32.52  0.16  0.49%   
The current 90-days correlation between Buffalo Growth and Buffalo Large Cap is -0.23 (i.e., Very 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

Poor diversification

The correlation between Buffalo Growth Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Growth Fund 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 Fund. 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 price.

Moving together with Buffalo Mutual Fund

  0.95BUFSX Buffalo Small CapPairCorr
  0.76BUFOX Buffalo Emerging OppPairCorr
  0.77BUFMX Buffalo Mid CapPairCorr
  0.8BUFEX Buffalo Large CapPairCorr
  0.89BUFDX Buffalo Dividend FocusPairCorr
  0.93BUFTX Buffalo DiscoveryPairCorr
  0.95BUISX Buffalo Small CapPairCorr
  0.93BUIMX Buffalo Mid CapPairCorr
  1.0BUIEX Buffalo Large CapPairCorr
  0.89BUIDX Buffalo Dividend FocusPairCorr
  0.8BIIGX Buffalo GrowthPairCorr
  0.89FAFGX American FundsPairCorr
  0.88CGFCX Growth FundPairCorr
  0.89CGFAX Growth FundPairCorr
  0.89CGFEX Growth FundPairCorr
  0.63WHIYX Ivy High IncomePairCorr
  0.67IVHIX Ivy High IncomePairCorr
  0.66IHIFX Ivy High IncomePairCorr
  0.7WRHIX Ivy High IncomePairCorr
  0.68WHIAX Ivy High IncomePairCorr

Moving against Buffalo Mutual Fund

  0.73CPPAX American Funds PresePairCorr
  0.68VUSIX Invesco Quality IncomePairCorr
  0.63THCAX Thornburg Core PlusPairCorr
  0.63NECRX Loomis Sayles EPairCorr
  0.59AGVCX Invesco GovernmentPairCorr
  0.48VEDIX Vanguard ExtendedPairCorr
  0.46FSGGX Fidelity Global ExPairCorr
  0.37FEHRX First Eagle HighPairCorr

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   
BUFMXBUFEX
BUFTXBUFMX
BUFTXBUFEX
BUFBXBUFHX
BUFHXBUFMX
BUFTXBUFHX
  
High negative correlations   
BUFBXBUFEX

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.