Buffalo High Correlations

BUFHX Fund

USD 10.72 0.02 0.19%

The current 90-days correlation between Buffalo High Yield and Buffalo Flexible Income is 0.06 (i.e., Significant diversification). The correlation of Buffalo High 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 High Correlation With Market

Very weak diversification

The correlation between Buffalo High Yield and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo High Yield 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 High Yield. 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 rate.

Moving together with Buffalo Mutual Fund

0.95	BUFSX	Buffalo Small Cap	Pair Corr
0.9	BUFOX	Buffalo Emerging Opp	Pair Corr
0.94	BUFIX	Buffalo International	Pair Corr
0.96	BUFDX	Buffalo Dividend Focus	Pair Corr
0.96	BUFBX	Buffalo Flexible Income	Pair Corr
0.66	BUFTX	Buffalo Discovery	Pair Corr
0.93	BUITX	Buffalo Discovery	Pair Corr
0.95	BUISX	Buffalo Small Cap	Pair Corr
0.95	BUIMX	Buffalo Mid Cap	Pair Corr
0.9	BUIOX	Buffalo Early Stage	Pair Corr
0.94	BUIIX	Buffalo International	Pair Corr
0.99	BUIHX	Buffalo High Yield	Pair Corr
0.97	BUIEX	Buffalo Large Cap	Pair Corr
0.96	BUIDX	Buffalo Dividend Focus	Pair Corr
0.96	BUIBX	Buffalo Flexible Income	Pair Corr
0.96	BIIGX	Buffalo Growth	Pair Corr
0.65	VWEAX	Vanguard High Yield	Pair Corr
0.61	BHYIX	Blackrock High Yield	Pair Corr
0.7	BHYSX	Blackrock Hi Yld	Pair Corr
0.62	VLSMX	Valic Company I	Pair Corr
0.78	PINFX	Invesco Multi Asset	Pair Corr
0.64	QTSSX	Quantified Tactical	Pair Corr
0.96	RVPHX	Royce Smaller Companies	Pair Corr

Related Correlations Analysis

	BUFBX	BUFGX	BUFEX	BUFMX	BUFOX
BUFBX		0.6	0.6	0.58	0.89	BUFBX
BUFGX	0.6		1.0	0.86	0.65	BUFGX
BUFEX	0.6	1.0		0.85	0.65	BUFEX
BUFMX	0.58	0.86	0.85		0.57	BUFMX
BUFOX	0.89	0.65	0.65	0.57		BUFOX
	BUFBX	BUFGX	BUFEX	BUFMX	BUFOX

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Risk-Adjusted Indicators

There is a big difference between Buffalo Mutual Fund performing well and Buffalo High 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 High'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
BUFBX	0.55	0.13	(0.04)	(0.64)	0.57	(0.59)	1.64	(0.92)	3.98
BUFGX	0.68	0.31	0.24	(6.91)	0.14	(0.83)	1.73	(0.71)	5.98
BUFEX	0.62	0.31	0.28	(22.73)	0.00	(0.82)	1.40	(0.89)	5.04
BUFMX	0.66	0.13	0.09	0.34	0.51	(0.74)	1.75	(1.22)	5.55
BUFOX	0.93	0.21	0.04	(0.97)	1.03	(1.02)	2.07	(2.00)	6.15

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Buffalo High Correlations

Buffalo High Correlation With Market

Very weak diversification

Moving together with Buffalo Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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