Buffalo International Correlations

BUFIX Fund

USD 22.47 0.09 0.40%

The current 90-days correlation between Buffalo International and Buffalo Emerging Opportunities is 0.73 (i.e., Poor diversification). The correlation of Buffalo International 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 International Correlation With Market

Very good diversification

The correlation between Buffalo International Fund and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo International 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 International 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 gross domestic product.

Moving together with Buffalo Mutual Fund

0.74	BUFHX	Buffalo High Yield	Pair Corr
0.91	BUFBX	Buffalo Flexible Income	Pair Corr
0.96	BUIIX	Buffalo International	Pair Corr
0.75	BUIHX	Buffalo High Yield	Pair Corr
0.91	BUIBX	Buffalo Flexible Income	Pair Corr
0.91	RERFX	Europacific Growth	Pair Corr
0.91	AEPFX	Europacific Growth	Pair Corr
0.91	CEUAX	Europacific Growth	Pair Corr
0.9	CEUCX	Europacific Growth	Pair Corr
0.91	RERCX	Europacific Growth	Pair Corr
0.91	REREX	Europacific Growth	Pair Corr
0.91	RERGX	Europacific Growth Potential Growth	Pair Corr
0.91	CEUFX	Europacific Growth	Pair Corr
0.91	CEUEX	Europacific Growth	Pair Corr
0.9	RERAX	Europacific Growth	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Buffalo Mutual Fund

0.47	BUFSX	Buffalo Small Cap	Pair Corr
0.44	BUIOX	Buffalo Early Stage	Pair Corr
0.41	BUISX	Buffalo Small Cap	Pair Corr
0.39	BUFOX	Buffalo Emerging Opp	Pair Corr
0.35	BUFEX	Buffalo Large Cap	Pair Corr
0.35	BUIEX	Buffalo Large Cap	Pair Corr
0.35	BIIGX	Buffalo Growth	Pair Corr

Related Correlations Analysis

	BUFOX	BUFEX	BUFTX	BUFGX	BUFMX
BUFOX		0.94	0.92	0.95	0.92	BUFOX
BUFEX	0.94		0.94	0.94	0.89	BUFEX
BUFTX	0.92	0.94		0.88	0.94	BUFTX
BUFGX	0.95	0.94	0.88		0.93	BUFGX
BUFMX	0.92	0.89	0.94	0.93		BUFMX
	BUFOX	BUFEX	BUFTX	BUFGX	BUFMX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo International 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 International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BUFOX	0.84	(0.16)	1.44	1.69	(2.12)	4.10
BUFEX	0.99	(0.11)	(0.10)	1.91	(2.68)	5.39
BUFTX	0.89	(0.09)	(0.08)	1.78	(2.15)	4.89
BUFGX	0.98	(0.13)	0.73	1.81	(2.36)	5.97
BUFMX	0.80	(0.09)	0.55	1.48	(1.82)	4.29

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