Buffalo International Correlations

Mutual Funds . USA . 
Fund . Buffalo International
BUIIX Fund  USD 23.79  0.11  0.46%   
The current 90-days correlation between Buffalo International and Buffalo Small Cap is 0.7 (i.e., Poor 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

Good diversification

The correlation between Buffalo International 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 International 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. 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

  0.97BUFSX Buffalo Small CapPairCorr
  0.87BUFOX Buffalo Emerging OppPairCorr
  1.0BUFIX Buffalo InternationalPairCorr
  0.94BUFHX Buffalo High YieldPairCorr
  0.97BUFDX Buffalo Dividend FocusPairCorr
  0.95BUFBX Buffalo Flexible IncomePairCorr
  0.64BUFTX Buffalo DiscoveryPairCorr
  0.97BUITX Buffalo DiscoveryPairCorr
  0.96BUISX Buffalo Small CapPairCorr
  0.97BUIMX Buffalo Mid CapPairCorr
  0.87BUIOX Buffalo Early StagePairCorr
  0.95BUIHX Buffalo High YieldPairCorr
  0.96BUIEX Buffalo Large CapPairCorr
  0.97BUIDX Buffalo Dividend FocusPairCorr
  0.95BUIBX Buffalo Flexible IncomePairCorr
  0.96BIIGX Buffalo GrowthPairCorr
  0.67AEPFX Europacific GrowthPairCorr
  0.99RERCX Europacific GrowthPairCorr
  0.67RERGX Europacific GrowthPairCorr
  0.99CEUEX Europacific GrowthPairCorr
  0.96FBKFX Fidelity BalancedPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BUFSX  0.89  0.22  0.05 (1.13) 0.89 
(0.99)
 2.12 
(1.69)
 6.17 
BUFOX  0.93  0.21  0.04 (0.97) 1.03 
(1.02)
 2.07 
(2.00)
 6.15 
BUFMX  0.66  0.13  0.09  0.34  0.51 
(0.74)
 1.75 
(1.22)
 5.55 
BUFIX  0.56  0.15  0.01 (1.86) 0.50 
(0.63)
 1.37 
(1.07)
 3.86 
BUFGX  0.68  0.31  0.24 (6.91) 0.14 
(0.83)
 1.73 
(0.71)
 5.98 
BUFHX  0.13  0.04 (0.42) 0.56  0.00 
(0.18)
 0.38 
(0.19)
 1.14 
BUFEX  0.62  0.31  0.28 (22.73) 0.00 
(0.82)
 1.40 
(0.89)
 5.04 
BUFDX  0.56  0.17  0.03 (1.49) 0.55 
(0.63)
 1.56 
(1.02)
 4.44 
BUFBX  0.55  0.13 (0.04)(0.64) 0.57 
(0.59)
 1.64 
(0.92)
 3.98 
BUFTX  0.65  0.20  0.07 (8.68) 0.54 
(0.81)
 1.54 
(1.14)
 5.88 

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