Buffalo Emerging Correlations

Mutual Funds . USA . 
Fund . Buffalo Emerging Opportunities
BUFOX Fund  USD 16.29  0.02  0.12%   
The current 90-days correlation between Buffalo Emerging Opp and Buffalo Mid Cap is -0.15 (i.e., Good diversification). The correlation of Buffalo Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Buffalo Emerging Opportunities and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Emerging Opportunities 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 Emerging Opportunities. 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 persons.

Moving together with Buffalo Mutual Fund

  0.9BUFSX Buffalo Small CapPairCorr
  0.86BUFMX Buffalo Mid CapPairCorr
  0.84BUFIX Buffalo InternationalPairCorr
  0.92BUFGX Buffalo GrowthPairCorr
  0.91BUFHX Buffalo High YieldPairCorr
  0.91BUFEX Buffalo Large CapPairCorr
  0.95BUFDX Buffalo Dividend FocusPairCorr
  0.89BUFBX Buffalo Flexible IncomePairCorr
  0.83BUFTX Buffalo DiscoveryPairCorr
  0.86BUITX Buffalo DiscoveryPairCorr
  0.91BUISX Buffalo Small CapPairCorr
  0.89BUIMX Buffalo Mid CapPairCorr
  1.0BUIOX Buffalo Early StagePairCorr
  0.9BUIHX Buffalo High YieldPairCorr
  0.91BUIEX Buffalo Large CapPairCorr
  0.92BUIDX Buffalo Dividend FocusPairCorr
  0.86BUIBX Buffalo Flexible IncomePairCorr
  0.91BIIGX Buffalo GrowthPairCorr
  0.91VSGAX Vanguard Small CapPairCorr
  0.91VSGIX Vanguard Small CapPairCorr
  0.91VISGX Vanguard Small CapPairCorr
  0.9VEXPX Vanguard ExplorerPairCorr
  0.9VEXRX Vanguard ExplorerPairCorr
  0.92JGMIX Janus TritonPairCorr
  0.92JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.92JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.9ASG Liberty All StarPairCorr
  0.81IIF Morgan Stanley IndiaPairCorr
  0.88CII Blackrock EnhancedPairCorr
  0.87ETV Eaton Vance TaxPairCorr
  0.85CLM Cornerstone StrategicPairCorr
  0.86CRF Cornerstone StrategicPairCorr
  0.89USA Liberty All Star Sell-off TrendPairCorr
  0.9ETY Eaton Vance TaxPairCorr
  0.93NFJ Virtus Dividend InterestPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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