Buffalo Small Correlations

Mutual Funds . USA . 
Fund . Buffalo Small Cap
BUFSX Fund  USD 13.60  0.03  0.22%   
The current 90-days correlation between Buffalo Small Cap and Buffalo Mid Cap is 0.91 (i.e., Almost no diversification). The correlation of Buffalo Small 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 Small Correlation With Market

Poor diversification

The correlation between Buffalo Small Cap and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Small 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 Small 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 state.

Moving together with Buffalo Mutual Fund

  0.99BUFOX Buffalo Emerging OppPairCorr
  0.92BUFMX Buffalo Mid CapPairCorr
  0.95BUFGX Buffalo GrowthPairCorr
  0.95BUFEX Buffalo Large CapPairCorr
  0.82BUFDX Buffalo Dividend FocusPairCorr
  0.93BUFTX Buffalo DiscoveryPairCorr
  0.93BUITX Buffalo DiscoveryPairCorr
  0.92BUIMX Buffalo Mid CapPairCorr
  0.99BUIOX Buffalo Early StagePairCorr
  0.95BIIGX Buffalo GrowthPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.92VEXPX Vanguard ExplorerPairCorr
  0.92VEXRX Vanguard ExplorerPairCorr
  0.97JGMIX Janus TritonPairCorr
  0.97JGMRX Janus TritonPairCorr
  0.97JGMAX Janus TritonPairCorr
  0.97JGMCX Janus TritonPairCorr
  0.96JGMNX Janus TritonPairCorr
  0.86GPMFX Guidepath Managed FuturesPairCorr

Moving against Buffalo Mutual Fund

  0.91GAAKX Gmo Alternative AlloPairCorr
  0.91GAAGX Gmo Alternative AlloPairCorr
  0.41BUIIX Buffalo InternationalPairCorr
  0.4BUFIX Buffalo InternationalPairCorr
  0.83GF New Germany ClosedPairCorr
  0.74GPBFX Gmo E PlusPairCorr
  0.74BISMX Brandes InternationalPairCorr
  0.73PSDNX Putnam Ultra ShortPairCorr
  0.73USGDX Morgan Stanley GovernmentPairCorr
  0.7HRBDX Harbor Bond FundPairCorr
  0.7ABNOX Ab Bond InflationPairCorr
  0.69ARBOX Absolute ConvertiblePairCorr
  0.67EMBAX Unconstrained EmergingPairCorr
  0.66VICSX Vanguard Intermediate-terPairCorr
  0.6SAEMX Sa Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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