Buffalo Large Correlations

Mutual Funds . USA . 
Fund . Buffalo Large Cap
BUFEX Fund  USD 58.23  0.17  0.29%   
The current 90-days correlation between Buffalo Large Cap and Buffalo Growth Fund is 0.98 (i.e., Almost no diversification). The correlation of Buffalo Large 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 Large Correlation With Market

Very poor diversification

The correlation between Buffalo Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Large 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 Large 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 income.

Moving together with Buffalo Mutual Fund

  0.98BUFSX Buffalo Small CapPairCorr
  0.93BUFOX Buffalo Emerging OppPairCorr
  0.97BUFMX Buffalo Mid CapPairCorr
  0.96BUFIX Buffalo InternationalPairCorr
  1.0BUFGX Buffalo GrowthPairCorr
  0.98BUFHX Buffalo High YieldPairCorr
  0.99BUFDX Buffalo Dividend FocusPairCorr
  0.95BUFBX Buffalo Flexible IncomePairCorr
  0.96BUFTX Buffalo DiscoveryPairCorr
  0.96BUITX Buffalo DiscoveryPairCorr
  0.97BUIMX Buffalo Mid CapPairCorr
  0.92BUIOX Buffalo Early StagePairCorr
  0.96BUIIX Buffalo InternationalPairCorr
  0.98BUIHX Buffalo High YieldPairCorr
  0.99BUIEX Buffalo Large CapPairCorr
  0.98BUIDX Buffalo Dividend FocusPairCorr
  0.95BUIBX Buffalo Flexible IncomePairCorr
  0.98BIIGX Buffalo GrowthPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.94PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.95PCF Putnam High IncomePairCorr
  0.99FSELX Fidelity Select SemiPairCorr
  0.98HRNRX Hood River NewPairCorr
  1.0JFFYX Jpmorgan SmartretirementPairCorr

Moving against Buffalo Mutual Fund

  0.54XNBHX Neuberger Berman IntPairCorr
  0.46XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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