Buffalo Emerging Correlations

Mutual Funds . USA . 
Fund . Buffalo Emerging Opportunities
BUFOX Fund  USD 17.67  0.06  0.34%   
The current 90-days correlation between Buffalo Emerging Opp and Buffalo Mid Cap is 0.87 (i.e., Very poor diversification). The correlation of Buffalo Emerging 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 Emerging Correlation With Market

Significant diversification

The correlation between Buffalo Emerging Opportunities and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Emerging Opportunities 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 Emerging Opportunities. 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 persons.

Moving together with Buffalo Mutual Fund

  0.91VSGAX Vanguard Small CapPairCorr
  0.91VSGIX Vanguard Small CapPairCorr
  0.91VISGX Vanguard Small CapPairCorr
  0.81VEXPX Vanguard ExplorerPairCorr
  0.96VEXRX Vanguard ExplorerPairCorr
  0.95JGMIX Janus TritonPairCorr
  0.95JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.89VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.61BAC Bank of America Aggressive PushPairCorr
  0.62INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.62CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.68AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.63WMT Walmart Aggressive PushPairCorr
  0.67CVX Chevron Corp Sell-off TrendPairCorr

Moving against Buffalo Mutual Fund

  0.57JNJ Johnson Johnson Sell-off TrendPairCorr
  0.48PFE Pfizer Inc Aggressive PushPairCorr
  0.47MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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