City National Correlations
| CNBIXDelisted Fund | USD 10.13 0.00 0.00% |
The current 90-days correlation between City National Rochdale and Qs Large Cap is 0.08 (i.e., Significant 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
Significant diversification
The correlation between City National Rochdale and DJI is 0.05 (i.e., Significant 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.
City |
Moving together with City Mutual Fund
| 0.73 | HPQ | HP Inc | PairCorr |
| 0.86 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.86 | HD | Home Depot | PairCorr |
| 0.68 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.91 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.85 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against City Mutual Fund
| 0.9 | PFHCX | Pacific Funds Small | PairCorr |
| 0.55 | EALDX | Eaton Vance Short | PairCorr |
| 0.54 | EASDX | Eaton Vance Short | PairCorr |
| 0.53 | ECLDX | Eaton Vance Short | PairCorr |
| 0.53 | EILDX | Eaton Vance Short | PairCorr |
| 0.46 | FUMBX | Fidelity Short Term | PairCorr |
| 0.37 | VSGBX | Vanguard Short Term | PairCorr |
| 0.37 | VSGDX | Vanguard Short Term | PairCorr |
| 0.37 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.36 | VFISX | Vanguard Short Term | PairCorr |
| 0.35 | VFIRX | Vanguard Short Term | PairCorr |
| 0.35 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.75 | 0.82 | 0.93 | 0.98 | LMUSX | ||
| 0.75 | 0.95 | 0.65 | 0.84 | GGESX | ||
| 0.82 | 0.95 | 0.71 | 0.9 | RALCX | ||
| 0.93 | 0.65 | 0.71 | 0.9 | LIOTX | ||
| 0.98 | 0.84 | 0.9 | 0.9 | SMYIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LMUSX | 0.60 | 0.03 | 0.02 | 0.17 | 0.72 | 1.28 | 4.08 | |||
| GGESX | 0.60 | (0.06) | (0.09) | 0.06 | 0.80 | 1.12 | 3.48 | |||
| RALCX | 0.43 | (0.03) | (0.13) | 0.07 | 0.53 | 0.76 | 2.81 | |||
| LIOTX | 0.63 | 0.07 | 0.03 | 0.24 | 0.69 | 1.25 | 3.54 | |||
| SMYIX | 0.56 | 0.00 | (0.04) | 0.12 | 0.71 | 1.47 | 3.40 |
City National Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with City National mutual fund to make a market-neutral strategy. Peer analysis of City National could also be used in its relative valuation, which is a method of valuing City National by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in City National Rochdale?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.