Buffalo Dividend Correlations

Mutual Funds . USA . 
Fund . Buffalo Dividend Focus
BUIDX Fund  USD 33.28  0.08  0.24%   
The current 90-days correlation between Buffalo Dividend Focus and Multisector Bond Sma is 0.61 (i.e., Poor diversification). The correlation of Buffalo Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between Buffalo Dividend Focus and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Dividend Focus 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 Dividend Focus. 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 unemployment.

Moving together with Buffalo Mutual Fund

  0.68BUFSX Buffalo Small CapPairCorr
  0.98BUFMX Buffalo Mid CapPairCorr
  0.71BUFIX Buffalo InternationalPairCorr
  0.99BUFGX Buffalo GrowthPairCorr
  0.97BUFHX Buffalo High YieldPairCorr
  0.99BUFEX Buffalo Large CapPairCorr
  1.0BUFDX Buffalo Dividend FocusPairCorr
  0.67BUFBX Buffalo Flexible IncomePairCorr
  0.97BUFTX Buffalo DiscoveryPairCorr
  0.97BUITX Buffalo DiscoveryPairCorr
  0.99BUISX Buffalo Small CapPairCorr
  0.98BUIMX Buffalo Mid CapPairCorr
  0.95BUIOX Buffalo Early StagePairCorr
  0.97BUIHX Buffalo High YieldPairCorr
  0.99BUIEX Buffalo Large CapPairCorr
  0.97BUIBX Buffalo Flexible IncomePairCorr
  0.99BIIGX Buffalo GrowthPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.77GAAKX Gmo Alternative AlloPairCorr
  0.76GAAGX Gmo Alternative AlloPairCorr
  0.65GPBFX Gmo E PlusPairCorr
  0.99ROFCX Royce OpportunityPairCorr
  0.99SWEGX Schwab Markettrack AllPairCorr

Moving against Buffalo Mutual Fund

  0.47GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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