Buffalo High Correlations
| BUIHX Fund | USD 10.66 0.02 0.19% |
The current 90-days correlation between Buffalo High Yield and T Rowe Price is 0.47 (i.e., Very weak diversification). The correlation of Buffalo High 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 High Correlation With Market
Very weak diversification
The correlation between Buffalo High Yield and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo High Yield and DJI in the same portfolio, assuming nothing else is changed.
Buffalo |
Moving together with Buffalo Mutual Fund
| 0.69 | BUFIX | Buffalo International | PairCorr |
| 1.0 | BUFHX | Buffalo High Yield | PairCorr |
| 0.62 | BUFDX | Buffalo Dividend Focus | PairCorr |
| 0.81 | BUFBX | Buffalo Flexible Income | PairCorr |
| 0.69 | BUIIX | Buffalo International | PairCorr |
| 0.62 | BUIDX | Buffalo Dividend Focus | PairCorr |
| 0.81 | BUIBX | Buffalo Flexible Income | PairCorr |
| 0.7 | VWEAX | Vanguard High Yield | PairCorr |
| 0.72 | VWEHX | Vanguard High Yield | PairCorr |
| 0.86 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.84 | BHYIX | Blackrock High Yield | PairCorr |
| 0.85 | BHYSX | Blackrock Hi Yld | PairCorr |
| 0.85 | BHYAX | Blackrock High Yield | PairCorr |
| 0.81 | FAHHX | American Funds American | PairCorr |
| 0.82 | FTAHX | American Funds American | PairCorr |
| 0.82 | AHTFX | American High Income | PairCorr |
| 0.84 | AHTCX | American High Income | PairCorr |
| 0.77 | DBIWX | Dws Global Macro | PairCorr |
| 0.63 | GIOIX | Guggenheim Macro Opp | PairCorr |
Related Correlations Analysis
| 0.84 | 0.93 | 0.52 | 0.96 | 0.52 | 0.94 | TADGX | ||
| 0.84 | 0.76 | 0.7 | 0.84 | 0.79 | 0.89 | GARGX | ||
| 0.93 | 0.76 | 0.54 | 0.97 | 0.34 | 0.91 | PBLIX | ||
| 0.52 | 0.7 | 0.54 | 0.6 | 0.65 | 0.67 | MGGNX | ||
| 0.96 | 0.84 | 0.97 | 0.6 | 0.52 | 0.96 | LMLRX | ||
| 0.52 | 0.79 | 0.34 | 0.65 | 0.52 | 0.68 | ANAGX | ||
| 0.94 | 0.89 | 0.91 | 0.67 | 0.96 | 0.68 | CABIX | ||
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Risk-Adjusted Indicators
There is a big difference between Buffalo Mutual Fund performing well and Buffalo High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TADGX | 0.62 | 0.02 | 0.00 | (0.04) | 0.00 | 1.06 | 3.18 | |||
| GARGX | 0.79 | 0.01 | 0.00 | (0.06) | 0.00 | 1.37 | 4.42 | |||
| PBLIX | 0.65 | 0.01 | 0.00 | (0.06) | 0.00 | 1.13 | 3.78 | |||
| MGGNX | 0.20 | (0.02) | 0.00 | (0.57) | 0.00 | 0.35 | 1.96 | |||
| LMLRX | 0.33 | 0.01 | 0.00 | (0.05) | 0.00 | 0.61 | 2.17 | |||
| ANAGX | 0.18 | 0.00 | 0.22 | (0.03) | 0.19 | 0.44 | 1.46 | |||
| CABIX | 0.38 | 0.01 | 0.00 | (0.05) | 0.00 | 0.73 | 2.58 |