City National Correlations

RIMHX Fund

USD 39.07 0.04 0.10%

The current 90-days correlation between City National Rochdale and City National Rochdale is 0.28 (i.e., Modest 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

Poor diversification

The correlation between City National Rochdale and DJI is 0.69 (i.e., Poor 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 Your Equity Center 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 rate.

Moving together with City Mutual Fund

0.84	CNRVX	City National Rochdale	Pair Corr
0.84	CNRWX	City National Rochdale	Pair Corr
0.84	CNRUX	City National Rochdale	Pair Corr
0.61	RIMOX	City National Rochdale	Pair Corr
0.89	VVIAX	Vanguard Value Index	Pair Corr
0.89	DOXGX	Dodge Cox Stock	Pair Corr
0.83	AFMFX	American Mutual	Pair Corr
0.76	FFMMX	American Funds American	Pair Corr
0.76	FFFMX	American Funds American	Pair Corr
0.82	AMRMX	American Mutual	Pair Corr
0.76	AMFFX	American Mutual	Pair Corr
0.74	AMFCX	American Mutual	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.94	VIVAX	Vanguard Value Index	Pair Corr
0.73	SPGSX	State Street Premier	Pair Corr
0.8	VIGAX	Vanguard Growth Index	Pair Corr
0.8	FCNTX	Fidelity Contrafund	Pair Corr
0.87	PRWAX	T Rowe Price	Pair Corr
0.93	DFSVX	Us Small Cap	Pair Corr
0.86	AMEIX	Equity Growth	Pair Corr
0.87	CRF	Cornerstone Strategic	Pair Corr
0.85	GAB	Gabelli Equity Trust	Pair Corr
0.84	WCPSX	Mobile Telecommunicatio	Pair Corr
0.89	CMGIX	Blackrock Mid Cap	Pair Corr
0.71	RNGHX	New Economy Fund	Pair Corr
0.8	FGB	First Trust Specialty	Pair Corr

Moving against City Mutual Fund

0.79	KF	Korea Closed	Pair Corr
0.32	BRUFX	Bruce Fund Bruce	Pair Corr

Related Correlations Analysis

	CNRWX	CNRUX	CNRNX	RIMHX	RIMOX
CNRWX		1.0	0.21	0.84	0.77	CNRWX
CNRUX	1.0		0.2	0.84	0.77	CNRUX
CNRNX	0.21	0.2		0.18	0.04	CNRNX
RIMHX	0.84	0.84	0.18		0.61	RIMHX
RIMOX	0.77	0.77	0.04	0.61		RIMOX
	CNRWX	CNRUX	CNRNX	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
CNRWX	0.48	0.05	0.03	0.19	0.43	(0.54)	1.23	(1.10)	3.70
CNRUX	0.49	0.06	0.03	0.19	0.44	(0.55)	1.25	(1.09)	3.73
CNRNX	0.14	0.01	(0.29)	0.00	0.22	(0.20)	0.32	(0.32)	1.50
RIMHX	0.55	(0.02)	(0.10)	0.08	0.53	(0.60)	1.10	(1.04)	3.50
RIMOX	0.05	0.01	(0.76)	1.59	0.00	(0.07)	0.15	(0.05)	0.56

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