Buffalo Small Correlations

Mutual Funds . USA . 
Fund . Buffalo Small Cap
BUFSX Fund  USD 14.53  0.09  0.62%   
The current 90-days correlation between Buffalo Small Cap and Buffalo Mid Cap is 0.91 (i.e., Almost no diversification). The correlation of Buffalo Small 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 Small Correlation With Market

Good diversification

The correlation between Buffalo Small Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Small 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 Small 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 state.

Moving together with Buffalo Mutual Fund

  0.94BUFOX Buffalo Emerging OppPairCorr
  0.99BUFMX Buffalo Mid CapPairCorr
  0.96BUFIX Buffalo InternationalPairCorr
  0.99BUFGX Buffalo GrowthPairCorr
  0.71BUFHX Buffalo High YieldPairCorr
  0.98BUFEX Buffalo Large CapPairCorr
  0.75BUFDX Buffalo Dividend FocusPairCorr
  0.95BUFBX Buffalo Flexible IncomePairCorr
  0.97BUFTX Buffalo DiscoveryPairCorr
  0.73BUITX Buffalo DiscoveryPairCorr
  0.76BUISX Buffalo Small CapPairCorr
  0.76BUIMX Buffalo Mid CapPairCorr
  0.75BUIOX Buffalo Early StagePairCorr
  0.68BUIIX Buffalo InternationalPairCorr
  0.71BUIHX Buffalo High YieldPairCorr
  0.77BUIEX Buffalo Large CapPairCorr
  0.75BUIDX Buffalo Dividend FocusPairCorr
  0.71BUIBX Buffalo Flexible IncomePairCorr
  0.78BIIGX Buffalo GrowthPairCorr
  0.8VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.82VEXPX Vanguard ExplorerPairCorr
  0.82VEXRX Vanguard ExplorerPairCorr
  0.8JGMIX Janus TritonPairCorr
  0.79JGMRX Janus TritonPairCorr
  0.79JGMAX Janus TritonPairCorr
  0.99JGMCX Janus TritonPairCorr
  0.8JGMNX Janus TritonPairCorr
  0.83ASG Liberty All StarPairCorr
  0.79IIF Morgan Stanley IndiaPairCorr
  0.76CII Blackrock EnhancedPairCorr
  0.65IFN India ClosedPairCorr
  0.81ETV Eaton Vance TaxPairCorr
  0.78CLM Cornerstone StrategicPairCorr
  0.78CRF Cornerstone StrategicPairCorr
  0.81USA Liberty All StarPairCorr
  0.81ETY Eaton Vance TaxPairCorr
  0.95NFJ 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 Small 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 Small'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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