Buffalo High Yield Fund Market Value
| BUFHX Fund | USD 10.63 0.01 0.09% |
| Symbol | Buffalo |
Buffalo High 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Buffalo High's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Buffalo High.
| 05/07/2024 |
| 06/06/2024 |
If you would invest 0.00 in Buffalo High on May 7, 2024 and sell it all today you would earn a total of 0.00 from holding Buffalo High Yield or generate 0.0% return on investment in Buffalo High over 30 days. Buffalo High is related to or competes with Vanguard High, Blackrock, Blackrock High, Blackrock, Blackrock High, American Funds, and American Funds. The fund normally invests at least 80 percent of its net assets in higher-yielding, higher-risk debt securities rated be... More
Buffalo High Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Buffalo High's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Buffalo High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2956 | |||
| Information Ratio | 0.039 | |||
| Maximum Drawdown | 1.88 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2852 |
Buffalo High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buffalo High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buffalo High's standard deviation. In reality, there are many statistical measures that can use Buffalo High historical prices to predict the future Buffalo High's volatility.| Risk Adjusted Performance | 0.0888 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | 0.0194 | |||
| Sortino Ratio | 0.0261 | |||
| Treynor Ratio | 0.2599 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Buffalo High's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Buffalo High Yield Backtested Returns
We consider Buffalo High very steady. Buffalo High Yield secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Buffalo High Yield, which you can use to evaluate the volatility of the entity. Please confirm Buffalo High's risk adjusted performance of 0.0888, and Mean Deviation of 0.1107 to double-check if the risk estimate we provide is consistent with the expected return of 0.0324%. The fund shows a Beta (market volatility) of 0.0954, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Buffalo High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Buffalo High is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Buffalo High Yield has average predictability. Overlapping area represents the amount of predictability between Buffalo High time series from 7th of May 2024 to 22nd of May 2024 and 22nd of May 2024 to 6th of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Buffalo High Yield price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Buffalo High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Buffalo High Yield lagged returns against current returns
Autocorrelation, which is Buffalo High mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Buffalo High's mutual fund expected returns. We can calculate the autocorrelation of Buffalo High returns to help us make a trade decision. For example, suppose you find that Buffalo High has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Buffalo High regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Buffalo High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buffalo High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Buffalo High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Buffalo High Lagged Returns
When evaluating Buffalo High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buffalo High mutual fund have on its future price. Buffalo High autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Buffalo High autocorrelation shows the relationship between Buffalo High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Buffalo High Yield.
Regressed Prices |
| Timeline |
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Other Information on Investing in Buffalo Mutual Fund
Buffalo High financial ratios help investors to determine whether Buffalo Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Buffalo with respect to the benefits of owning Buffalo High security.
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