Buffalo International Correlations

BUIIX Fund

USD 21.60 0.17 0.79%

The current 90-days correlation between Buffalo International and Ab Impact Municipal is -0.03 (i.e., Good 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

Good diversification

The correlation between Buffalo International and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo International 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. 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

0.83	RERFX	Europacific Growth	Pair Corr
0.83	AEPFX	Europacific Growth	Pair Corr
0.83	CEUAX	Europacific Growth	Pair Corr
0.85	CEUCX	Europacific Growth	Pair Corr
0.84	RERCX	Europacific Growth	Pair Corr
0.83	REREX	Europacific Growth	Pair Corr
0.82	RERGX	Europacific Growth	Pair Corr
0.83	CEUFX	Europacific Growth	Pair Corr
0.84	CEUEX	Europacific Growth	Pair Corr
0.85	RERAX	Europacific Growth	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Buffalo Mutual Fund

0.86	KINAX	Kinetics Internet	Pair Corr
0.84	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.84	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.84	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.84	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.83	KSOCX	Kinetics Small Cap	Pair Corr
0.83	KSCOX	Kinetics Small Cap	Pair Corr
0.76	KSCYX	Kinetics Small Cap	Pair Corr
0.86	KINCX	Kinetics Internet	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.75	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.73	DIS	Walt Disney Sell-off Trend	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.62	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.32	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	ABIMX	PATFX	XFINX	GMOZX	TPYYX	BBINX	BBIIX
ABIMX		0.96	-0.01	0.32	0.43	0.97	0.97	ABIMX
PATFX	0.96		0.06	0.37	0.54	0.96	0.95	PATFX
XFINX	-0.01	0.06		0.7	0.03	-0.09	-0.07	XFINX
GMOZX	0.32	0.37	0.7		0.44	0.23	0.23	GMOZX
TPYYX	0.43	0.54	0.03	0.44		0.48	0.47	TPYYX
BBINX	0.97	0.96	-0.09	0.23	0.48		1.0	BBINX
BBIIX	0.97	0.95	-0.07	0.23	0.47	1.0		BBIIX
	ABIMX	PATFX	XFINX	GMOZX	TPYYX	BBINX	BBIIX

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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

BBIIX	+ 1.0	BBINX
BBINX	+ 0.97	ABIMX
BBIIX	+ 0.97	ABIMX
PATFX	+ 0.96	ABIMX
BBINX	+ 0.96	PATFX
BBIIX	+ 0.95	PATFX

High negative correlations

BBINX	- 0.09	XFINX
BBIIX	- 0.07	XFINX
XFINX	- 0.01	ABIMX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABIMX	0.19	0.03	(0.23)	(0.14)	0.26	(0.24)	0.40	(0.50)	1.73
PATFX	0.16	0.02	(0.25)	(0.12)	0.21	(0.24)	0.44	(0.35)	1.69
XFINX	0.11	0.02	(0.28)	0.47	0.13	(0.14)	0.22	(0.14)	1.00
GMOZX	0.13	0.01	(0.53)	0.18	0.00	(0.18)	0.28	(0.33)	0.72
TPYYX	0.70	(0.08)	(0.11)	0.02	0.95	(0.74)	1.40	(1.71)	5.39
BBINX	0.12	0.01	(0.42)	(0.05)	0.13	(0.19)	0.29	(0.29)	1.07
BBIIX	0.12	0.01	(0.43)	(0.06)	0.14	(0.18)	0.29	(0.29)	1.17

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