Buffalo Discovery Fund Market Value

BUITX Fund  USD 23.35  0.36  1.52%   
Buffalo Discovery's market value is the price at which a share of Buffalo Discovery trades on a public exchange. It measures the collective expectations of Buffalo Discovery investors about its performance. Buffalo Discovery is trading at 23.35 as of the 1st of March 2025; that is 1.52 percent down since the beginning of the trading day. The fund's open price was 23.71.
With this module, you can estimate the performance of a buy and hold strategy of Buffalo Discovery and determine expected loss or profit from investing in Buffalo Discovery over a given investment horizon. Check out Buffalo Discovery Correlation, Buffalo Discovery Volatility and Buffalo Discovery Alpha and Beta module to complement your research on Buffalo Discovery.
Symbol

Please note, there is a significant difference between Buffalo Discovery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Buffalo Discovery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Buffalo Discovery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Buffalo Discovery 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Buffalo Discovery's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Buffalo Discovery.
0.00
03/12/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/01/2025
0.00
If you would invest  0.00  in Buffalo Discovery on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Buffalo Discovery or generate 0.0% return on investment in Buffalo Discovery over 720 days. Buffalo Discovery is related to or competes with Gold, Global Gold, Franklin Gold, World Precious, The Gold, International Investors, and Fidelity Advisor. The fund principally invests in equity securities, consisting of common stock, preferred stock, convertible securities, ... More

Buffalo Discovery Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Buffalo Discovery's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Buffalo Discovery upside and downside potential and time the market with a certain degree of confidence.

Buffalo Discovery Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Buffalo Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buffalo Discovery's standard deviation. In reality, there are many statistical measures that can use Buffalo Discovery historical prices to predict the future Buffalo Discovery's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Buffalo Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
21.7923.3524.91
Details
Intrinsic
Valuation
LowRealHigh
22.2923.8525.41
Details
Naive
Forecast
LowNextHigh
21.5123.0624.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.5424.4925.44
Details

Buffalo Discovery Backtested Returns

Buffalo Discovery secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15 % return per unit of standard deviation over the last 3 months. Buffalo Discovery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Buffalo Discovery's risk adjusted performance of (0.11), and Mean Deviation of 0.8728 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0132, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Buffalo Discovery are expected to decrease at a much lower rate. During the bear market, Buffalo Discovery is likely to outperform the market.

Auto-correlation

    
  -0.35  

Poor reverse predictability

Buffalo Discovery has poor reverse predictability. Overlapping area represents the amount of predictability between Buffalo Discovery time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Buffalo Discovery price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Buffalo Discovery price fluctuation can be explain by its past prices.
Correlation Coefficient-0.35
Spearman Rank Test0.14
Residual Average0.0
Price Variance0.79

Buffalo Discovery lagged returns against current returns

Autocorrelation, which is Buffalo Discovery mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Buffalo Discovery's mutual fund expected returns. We can calculate the autocorrelation of Buffalo Discovery returns to help us make a trade decision. For example, suppose you find that Buffalo Discovery has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Buffalo Discovery regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Buffalo Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buffalo Discovery mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Buffalo Discovery mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Buffalo Discovery Lagged Returns

When evaluating Buffalo Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buffalo Discovery mutual fund have on its future price. Buffalo Discovery autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Buffalo Discovery autocorrelation shows the relationship between Buffalo Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Buffalo Discovery.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Buffalo Mutual Fund

Buffalo Discovery financial ratios help investors to determine whether Buffalo Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Buffalo with respect to the benefits of owning Buffalo Discovery security.
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