Buffalo Large Correlations

Mutual Funds . USA . 
Fund . Buffalo Large Cap
BUIEX Fund  USD 56.10  0.38  0.67%   
The current 90-days correlation between Buffalo Large Cap and Great West Loomis Sayles is 0.54 (i.e., Very weak diversification). The correlation of Buffalo Large 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 Large Correlation With Market

Poor diversification

The correlation between Buffalo Large Cap and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Buffalo Large 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 Large 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 income.

Moving together with Buffalo Mutual Fund

  0.82BUFSX Buffalo Small CapPairCorr
  0.84BUFOX Buffalo Emerging OppPairCorr
  0.9BUFMX Buffalo Mid CapPairCorr
  0.99BUFGX Buffalo GrowthPairCorr
  0.9BUFHX Buffalo High YieldPairCorr
  1.0BUFEX Buffalo Large CapPairCorr
  0.94BUFDX Buffalo Dividend FocusPairCorr
  0.94BUFTX Buffalo DiscoveryPairCorr
  0.94BUITX Buffalo DiscoveryPairCorr
  0.82BUISX Buffalo Small CapPairCorr
  0.9BUIMX Buffalo Mid CapPairCorr
  0.85BUIOX Buffalo Early StagePairCorr
  0.9BUIHX Buffalo High YieldPairCorr
  0.94BUIDX Buffalo Dividend FocusPairCorr
  0.99BIIGX Buffalo GrowthPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.99SPGSX State Street PremierPairCorr
  0.94AMGOX Alger Mid CapPairCorr
  0.9VEXRX Vanguard ExplorerPairCorr
  0.74MERDX Meridian GrowthPairCorr

Moving against Buffalo Mutual Fund

  0.53BUFIX Buffalo InternationalPairCorr
  0.53BUIIX Buffalo InternationalPairCorr
  0.81KF Korea ClosedPairCorr
  0.35BRUFX Bruce Fund BrucePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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