City National Correlations

CNRUX Fund

USD 24.93 0.23 0.93%

The current 90-days correlation between City National Rochdale and Artisan Small Cap is 0.29 (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.

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 employment.

Moving together with City Mutual Fund

1.0	CNRVX	City National Rochdale	Pair Corr
1.0	CNRWX	City National Rochdale	Pair Corr
0.94	RIMHX	City National Rochdale	Pair Corr
0.61	VGTSX	Vanguard Total Inter	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr

Moving against City Mutual Fund

0.33	RIMOX	City National Rochdale	Pair Corr
0.61	LFMAX	Locorr Macro Strategies	Pair Corr
0.57	PSDSX	Palmer Square Ultra	Pair Corr
0.55	SADIX	Wells Fargo Ultra	Pair Corr
0.51	LRRRX	Floating Rate	Pair Corr
0.44	VMFXX	Vanguard Federal Money	Pair Corr
0.37	JMSFX	Jpmorgan Income	Pair Corr
0.71	CBHAX	Victory Cemp Market	Pair Corr
0.6	RULFX	Rbc Ultra Short	Pair Corr
0.56	SADAX	Wells Fargo Ultra	Pair Corr
0.56	PYLMX	Payden Limited Maturity	Pair Corr
0.56	FISAX	Franklin Adjustable	Pair Corr

Related Correlations Analysis

	ARTSX	FCSGX	MSSGX	HSCVX	NEAIX	LKSCX	HSUAX	ASCGX
ARTSX		0.78	0.12	0.94	0.49	0.8	0.29	0.7	ARTSX
FCSGX	0.78		0.65	0.83	0.79	0.84	0.73	0.95	FCSGX
MSSGX	0.12	0.65		0.18	0.74	0.41	0.92	0.74	MSSGX
HSCVX	0.94	0.83	0.18		0.51	0.88	0.36	0.72	HSCVX
NEAIX	0.49	0.79	0.74	0.51		0.54	0.83	0.89	NEAIX
LKSCX	0.8	0.84	0.41	0.88	0.54		0.59	0.78	LKSCX
HSUAX	0.29	0.73	0.92	0.36	0.83	0.59		0.83	HSUAX
ASCGX	0.7	0.95	0.74	0.72	0.89	0.78	0.83		ASCGX
	ARTSX	FCSGX	MSSGX	HSCVX	NEAIX	LKSCX	HSUAX	ASCGX

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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
ARTSX	1.04	(0.03)	0.00	(0.03)	0.00	0.00	2.14	(2.17)	8.55
FCSGX	0.87	0.07	0.05	0.19	1.08	(0.94)	1.70	(1.49)	9.09
MSSGX	1.57	0.40	0.21	0.83	1.54	(1.97)	3.81	(2.32)	11.74
HSCVX	0.72	(0.01)	(0.02)	0.00	0.88	(0.93)	1.47	(1.50)	8.08
NEAIX	1.11	0.05	0.03	0.10	1.22	(1.25)	2.28	(1.60)	8.12
LKSCX	0.89	(0.02)	(0.01)	(0.01)	1.80	(0.79)	1.64	(1.41)	13.50
HSUAX	0.72	0.08	0.06	0.35	0.93	(0.77)	1.31	(1.23)	6.61
ASCGX	1.11	0.05	0.03	0.09	1.41	(1.11)	2.24	(2.22)	8.49

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City National Correlations

Moving together with City Mutual Fund

Moving against City Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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