Buffalo International Correlations

Mutual Funds . USA . 
Fund . Buffalo International Fund
BUFIX Fund  USD 24.27  0.38  1.59%   
The current 90-days correlation between Buffalo International and Buffalo Emerging Opportunities is -0.06 (i.e., Good diversification). The correlation of Buffalo International 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 International Correlation With Market

Poor diversification

The correlation between Buffalo International Fund 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 International 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 International 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 gross domestic product.

Moving together with Buffalo Mutual Fund

  0.96BUFSX Buffalo Small CapPairCorr
  0.85BUFOX Buffalo Emerging OppPairCorr
  0.97BUFMX Buffalo Mid CapPairCorr
  0.96BUFGX Buffalo GrowthPairCorr
  0.93BUFHX Buffalo High YieldPairCorr
  0.96BUFEX Buffalo Large CapPairCorr
  0.96BUFDX Buffalo Dividend FocusPairCorr
  0.91BUFBX Buffalo Flexible IncomePairCorr
  0.97BUFTX Buffalo DiscoveryPairCorr
  0.92BUISX Buffalo Small CapPairCorr
  0.95BUIMX Buffalo Mid CapPairCorr
  0.85BUIOX Buffalo Early StagePairCorr
  0.97BUIIX Buffalo InternationalPairCorr
  0.93BUIHX Buffalo High YieldPairCorr
  0.95BUIEX Buffalo Large CapPairCorr
  0.94BUIDX Buffalo Dividend FocusPairCorr
  0.95BIIGX Buffalo GrowthPairCorr
  0.99RERFX Europacific GrowthPairCorr
  0.99AEPFX Europacific GrowthPairCorr
  0.97CEUAX Europacific GrowthPairCorr
  0.99CEUCX Europacific GrowthPairCorr
  0.99RERCX Europacific GrowthPairCorr
  0.99REREX Europacific GrowthPairCorr
  0.98RERGX Europacific GrowthPairCorr
  0.99CEUFX Europacific GrowthPairCorr
  0.99CEUEX Europacific GrowthPairCorr
  0.99RERAX Europacific GrowthPairCorr
  0.83BRUFX Bruce Fund BrucePairCorr
  0.95SPGSX State Street PremierPairCorr
  0.85KF Korea ClosedPairCorr
  0.9PCGRX Pioneer Mid CapPairCorr
  0.98HDIVX Henderson Dividend IncomePairCorr
  0.97RWIEX Capital World GrowthPairCorr
  0.93TSLCX Transamerica Small CapPairCorr
  0.94IEMGX Voya Multi ManagerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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