City National Correlations

CNGXX Fund

USD 1.00 0.00 0.00%

The current 90-days correlation between City National Rochdale and Ishares Municipal Bond is 0.14 (i.e., Average diversification). The correlation of City National 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.

City National Correlation With Market

Average diversification

The correlation between City National Rochdale and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding City National Rochdale 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 City National Rochdale. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with City Money Market Fund

0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.74	CGSAX	Columbia Growth 529	Pair Corr
0.85	BSDAX	Blackrock Smid Cap	Pair Corr
0.9	MEGIX	Msvif Growth Port	Pair Corr
0.81	ELFNX	Elfun Trusts Elfun	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.86	DIS	Walt Disney Sell-off Trend	Pair Corr
0.69	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against City Money Market Fund

0.87	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	VGTSX	Vanguard Total Inter	Pair Corr
0.65	VTIAX	Vanguard Total Inter	Pair Corr
0.32	BIGBX	Blackrock Government Bond	Pair Corr
0.91	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.87	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.36	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.35	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	BIDPX	PATFX	PHDTX	MSTBX	ARTFX	BBINX	USCBX	PRVBX
BIDPX		0.9	0.24	0.65	0.28	0.94	0.88	0.35	BIDPX
PATFX	0.9		0.22	0.7	0.23	0.96	0.92	0.42	PATFX
PHDTX	0.24	0.22		-0.31	0.95	0.27	0.4	0.54	PHDTX
MSTBX	0.65	0.7	-0.31		-0.36	0.68	0.53	0.33	MSTBX
ARTFX	0.28	0.23	0.95	-0.36		0.3	0.41	0.47	ARTFX
BBINX	0.94	0.96	0.27	0.68	0.3		0.94	0.42	BBINX
USCBX	0.88	0.92	0.4	0.53	0.41	0.94		0.35	USCBX
PRVBX	0.35	0.42	0.54	0.33	0.47	0.42	0.35		PRVBX
	BIDPX	PATFX	PHDTX	MSTBX	ARTFX	BBINX	USCBX	PRVBX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BBINX	+ 0.96	PATFX
ARTFX	+ 0.95	PHDTX
BBINX	+ 0.94	BIDPX
USCBX	+ 0.94	BBINX
USCBX	+ 0.92	PATFX
PATFX	+ 0.9	BIDPX

High negative correlations

ARTFX	- 0.36	MSTBX
MSTBX	- 0.31	PHDTX

Risk-Adjusted Indicators

There is a big difference between City Money Market Fund performing well and City National Money Market 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 City National'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BIDPX	0.15	(0.01)	(0.32)	0.00	0.22	(0.19)	0.27	(0.45)	1.36
PATFX	0.15	0.01	(0.28)	0.06	0.25	(0.23)	0.44	(0.35)	1.69
PHDTX	0.09	0.02	(0.56)	0.47	0.00	(0.14)	0.22	(0.11)	0.56
MSTBX	0.09	(0.02)	0.00	(0.74)	0.00	0.00	0.20	(0.21)	0.72
ARTFX	0.11	0.03	(0.55)	3.77	0.00	(0.19)	0.33	(0.11)	0.77
BBINX	0.12	0.01	(0.42)	0.04	0.15	(0.20)	0.29	(0.29)	1.07
USCBX	0.16	0.01	(0.28)	0.00	0.24	(0.22)	0.39	(0.29)	1.74
PRVBX	0.09	0.00	(0.95)	0.03	0.03	(0.10)	0.20	(0.20)	0.48

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