City National Correlations

CNRNX Fund

USD 9.38 0.05 0.53%

The current 90-days correlation between City National Rochdale and City National Rochdale is -0.17 (i.e., Good 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

Very good diversification

The correlation between City National Rochdale and DJI is -0.29 (i.e., Very good 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with City Mutual Fund

0.97	CNRMX	City National Rochdale	Pair Corr
0.83	NHMAX	Nuveen High Yield	Pair Corr
0.75	NHCCX	Nuveen High Yield	Pair Corr
0.84	NHMRX	Nuveen High Yield	Pair Corr
0.84	NHMFX	Nuveen High Yield	Pair Corr
0.97	ABHFX	American High Income	Pair Corr
0.98	AHICX	American High Income	Pair Corr
0.99	AMHIX	American High Income	Pair Corr
0.97	GHYCX	Goldman Sachs High	Pair Corr
0.98	GHYAX	Goldman Sachs High	Pair Corr
0.98	ACTDX	Invesco High Yield	Pair Corr

Moving against City Mutual Fund

0.41	SMPIX	Semiconductor Ultrasector	Pair Corr
0.39	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	CNRVX	CNRWX	CNRUX	CNRNX	CNRMX	RIMHX	RIMOX
CNRVX		0.78	1.0	0.2	0.38	0.82	0.75	CNRVX
CNRWX	0.78		0.78	0.18	0.34	0.58	0.35	CNRWX
CNRUX	1.0	0.78		0.2	0.38	0.82	0.75	CNRUX
CNRNX	0.2	0.18	0.2		0.97	0.18	0.03	CNRNX
CNRMX	0.38	0.34	0.38	0.97		0.32	0.16	CNRMX
RIMHX	0.82	0.58	0.82	0.18	0.32		0.58	RIMHX
RIMOX	0.75	0.35	0.75	0.03	0.16	0.58		RIMOX
	CNRVX	CNRWX	CNRUX	CNRNX	CNRMX	RIMHX	RIMOX

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Risk-Adjusted Indicators

There is a big difference between City Mutual Fund performing well and City National 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 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
CNRVX	0.48	0.03	0.01	0.15	0.49	(0.51)	0.98	(1.10)	3.68
CNRWX	0.48	0.02	(0.01)	0.14	0.54	(0.51)	0.99	(1.10)	3.70
CNRUX	0.48	0.03	0.01	0.15	0.51	(0.53)	1.00	(1.09)	3.73
CNRNX	0.14	0.00	(0.27)	0.08	0.25	(0.20)	0.32	(0.32)	1.50
CNRMX	0.16	0.01	(0.27)	0.02	0.24	(0.21)	0.43	(0.32)	1.51
RIMHX	0.55	(0.01)	(0.07)	0.09	0.52	(0.60)	1.10	(1.04)	3.50
RIMOX	0.05	0.01	(0.67)	1.50	0.00	(0.07)	0.15	(0.05)	0.56

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