Buffalo Small Correlations

BUISX Fund

USD 13.73 0.03 0.22%

The current 90-days correlation between Buffalo Small Cap and Mondrian Emerging Markets is -0.03 (i.e., Good 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 0.71 (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

0.8	BUFSX	Buffalo Small Cap	Pair Corr
0.76	BUFOX	Buffalo Emerging Opp	Pair Corr
0.79	BUFMX	Buffalo Mid Cap	Pair Corr
0.72	BUFGX	Buffalo Growth	Pair Corr
0.78	BUFEX	Buffalo Large Cap	Pair Corr
0.76	BUFDX	Buffalo Dividend Focus	Pair Corr
0.84	BUFTX	Buffalo Discovery	Pair Corr
0.77	BUITX	Buffalo Discovery	Pair Corr
0.71	BUIMX	Buffalo Mid Cap	Pair Corr
0.76	BUIOX	Buffalo Early Stage	Pair Corr
0.73	BUIEX	Buffalo Large Cap	Pair Corr
0.83	BUIDX	Buffalo Dividend Focus	Pair Corr
0.72	BIIGX	Buffalo Growth	Pair Corr
0.74	VSGAX	Vanguard Small Cap	Pair Corr
0.79	VSGIX	Vanguard Small Cap	Pair Corr
0.79	VISGX	Vanguard Small Cap	Pair Corr
0.78	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.71	JGMCX	Janus Triton	Pair Corr
0.78	JGMNX	Janus Triton	Pair Corr

Moving against Buffalo Mutual Fund

0.6	ABNDX	Bond Fund	Pair Corr
0.58	MWLIX	Metropolitan West Low	Pair Corr
0.58	GIBLX	Guggenheim Total Return	Pair Corr
0.55	GSACX	Goldman Sachs Asia	Pair Corr
0.54	IQRIX	Acr International Quality	Pair Corr
0.52	LIIAX	Columbia Porate Income	Pair Corr
0.52	SRINX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	MPEMX	HFZCX	BXECX	RCLVX	XMSDX	JEMDX	ZEMIX
MPEMX		0.87	0.85	0.8	0.84	0.83	0.93	MPEMX
HFZCX	0.87		0.96	0.91	0.95	0.98	0.88	HFZCX
BXECX	0.85	0.96		0.83	0.93	0.94	0.85	BXECX
RCLVX	0.8	0.91	0.83		0.89	0.94	0.84	RCLVX
XMSDX	0.84	0.95	0.93	0.89		0.95	0.83	XMSDX
JEMDX	0.83	0.98	0.94	0.94	0.95		0.84	JEMDX
ZEMIX	0.93	0.88	0.85	0.84	0.83	0.84		ZEMIX
	MPEMX	HFZCX	BXECX	RCLVX	XMSDX	JEMDX	ZEMIX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MPEMX	0.68	0.05	0.14	(1.53)	0.75	(0.76)	1.41	(1.40)	4.53
HFZCX	0.20	0.01	0.31	0.14	0.15	(0.26)	0.43	(0.42)	1.00
BXECX	0.20	0.02	0.33	(0.50)	0.00	(0.32)	0.55	(0.40)	1.21
RCLVX	0.24	0.01	0.16	(0.01)	0.32	(0.28)	0.46	(0.45)	1.37
XMSDX	0.25	(0.01)	0.00	(0.49)	0.00	0.00	0.51	(0.38)	3.67
JEMDX	0.21	0.01	0.23	0.14	0.21	(0.27)	0.48	(0.33)	1.30
ZEMIX	0.75	0.08	0.11	0.13	0.92	(0.83)	1.70	(1.67)	5.50

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