Buffalo Growth Correlations

BUFGX Fund

USD 34.38 0.39 1.15%

The current 90-days correlation between Buffalo Growth and Buffalo Large Cap is 0.91 (i.e., Almost no 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

Weak diversification

The correlation between Buffalo Growth Fund and DJI is 0.33 (i.e., Weak 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

0.78	BUFSX	Buffalo Small Cap	Pair Corr
0.82	BUFOX	Buffalo Emerging Opp	Pair Corr
0.94	BUFMX	Buffalo Mid Cap	Pair Corr
0.83	BUFEX	Buffalo Large Cap	Pair Corr
0.62	BUFDX	Buffalo Dividend Focus	Pair Corr
0.62	BUFBX	Buffalo Flexible Income	Pair Corr
0.94	BUFTX	Buffalo Discovery	Pair Corr
0.87	BUITX	Buffalo Discovery	Pair Corr
0.72	BUISX	Buffalo Small Cap	Pair Corr
0.86	BUIMX	Buffalo Mid Cap	Pair Corr
0.76	BUIOX	Buffalo Early Stage Potential Growth	Pair Corr
0.83	BUIEX	Buffalo Large Cap	Pair Corr
0.63	BUIBX	Buffalo Flexible Income	Pair Corr
0.85	BIIGX	Buffalo Growth	Pair Corr
0.72	FAFGX	American Funds	Pair Corr
0.72	FFAFX	American Funds	Pair Corr
0.72	GFACX	Growth Fund	Pair Corr
0.61	GFAFX	Growth Fund	Pair Corr
0.72	CGFFX	Growth Fund	Pair Corr
0.72	CGFCX	Growth Fund	Pair Corr
0.72	CGFAX	Growth Fund	Pair Corr
0.61	CGFEX	Growth Fund	Pair Corr
0.72	RGAEX	Growth Fund	Pair Corr
0.73	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.72	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.66	KMKNX	Kinetics Market Oppo	Pair Corr
0.77	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.66	KMKAX	Kinetics Market Oppo	Pair Corr

Moving against Buffalo Mutual Fund

0.35	BUFHX	Buffalo High Yield	Pair Corr
0.34	BUIHX	Buffalo High Yield	Pair Corr
0.52	TRSTX	T Rowe Price	Pair Corr

Related Correlations Analysis

	BUFEX	BUFMX	BUFHX	BUFBX	BUFTX
BUFEX		0.71	-0.04	0.45	0.69	BUFEX
BUFMX	0.71		-0.27	0.75	0.99	BUFMX
BUFHX	-0.04	-0.27		0.18	-0.28	BUFHX
BUFBX	0.45	0.75	0.18		0.71	BUFBX
BUFTX	0.69	0.99	-0.28	0.71		BUFTX
	BUFEX	BUFMX	BUFHX	BUFBX	BUFTX

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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	+ 0.99	BUFMX
BUFBX	+ 0.75	BUFMX
BUFMX	+ 0.71	BUFEX
BUFTX	+ 0.71	BUFBX
BUFTX	+ 0.69	BUFEX
BUFBX	+ 0.45	BUFEX

High negative correlations

BUFTX	- 0.28	BUFHX
BUFHX	- 0.27	BUFMX
BUFHX	- 0.04	BUFEX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BUFEX	0.86	(0.04)	0.00	(0.09)	0.00	0.00	1.37	(2.26)	5.09
BUFMX	0.75	(0.13)	0.00	(0.20)	0.00	0.00	1.29	(1.82)	8.42
BUFHX	0.08	0.00	0.31	0.00	0.00	(0.12)	0.19	(0.09)	0.57
BUFBX	0.50	(0.01)	0.02	(0.13)	0.68	(0.55)	0.85	(0.91)	3.28
BUFTX	0.84	(0.18)	0.00	(0.28)	0.00	0.00	1.34	(1.53)	10.84

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