Buffalo Growth Correlations

Mutual Funds . USA . 
Fund . Buffalo Growth Fund
BUFGX Fund  USD 36.83  0.02  0.05%   
The current 90-days correlation between Buffalo Growth and Buffalo Large Cap is 0.98 (i.e., Almost no diversification). The correlation of Buffalo Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Buffalo Growth Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Growth Fund 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 Growth Fund. 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 price.

Moving together with Buffalo Mutual Fund

  0.99BUFSX Buffalo Small CapPairCorr
  0.93BUFOX Buffalo Emerging OppPairCorr
  0.98BUFMX Buffalo Mid CapPairCorr
  0.96BUFIX Buffalo InternationalPairCorr
  0.97BUFHX Buffalo High YieldPairCorr
  1.0BUFEX Buffalo Large CapPairCorr
  0.99BUFDX Buffalo Dividend FocusPairCorr
  0.96BUFBX Buffalo Flexible IncomePairCorr
  0.97BUFTX Buffalo DiscoveryPairCorr
  0.97BUITX Buffalo DiscoveryPairCorr
  0.99BUISX Buffalo Small CapPairCorr
  0.98BUIMX Buffalo Mid CapPairCorr
  0.94BUIOX Buffalo Early StagePairCorr
  0.96BUIIX Buffalo InternationalPairCorr
  0.97BUIHX Buffalo High YieldPairCorr
  0.99BUIDX Buffalo Dividend FocusPairCorr
  0.96BUIBX Buffalo Flexible IncomePairCorr
  1.0BIIGX Buffalo GrowthPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.94PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.68NXJ Nuveen New JerseyPairCorr
  0.95PCF Putnam High IncomePairCorr
  0.99FSELX Fidelity Select SemiPairCorr
  0.99HRNRX Hood River New Steady GrowthPairCorr
  1.0JFFYX Jpmorgan SmartretirementPairCorr

Moving against Buffalo Mutual Fund

  0.53XNBHX Neuberger Berman IntPairCorr
  0.44XDSMX 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 Growth 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 Growth'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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