City National Correlations

CNRVX Fund

USD 24.70 0.22 0.90%

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. 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 real.

Moving together with City Mutual Fund

1.0	CNRWX	City National Rochdale	Pair Corr
1.0	CNRUX	City National Rochdale	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.62	ORIYX	Oak Ridge Small	Pair Corr

Moving against City Mutual Fund

0.32	RIMOX	City National Rochdale	Pair Corr
0.59	LFMAX	Locorr Macro Strategies	Pair Corr
0.57	SADIX	Wells Fargo Ultra	Pair Corr
0.55	PSDSX	Palmer Square Ultra	Pair Corr
0.48	LRRRX	Floating Rate	Pair Corr
0.4	VMFXX	Vanguard Federal Money	Pair Corr
0.35	JMSFX	Jpmorgan Income	Pair Corr
0.69	CBHAX	Victory Cemp Market	Pair Corr
0.58	SADAX	Wells Fargo Ultra	Pair Corr
0.53	PYLMX	Payden Limited Maturity	Pair Corr
0.52	FISAX	Franklin Adjustable	Pair Corr
0.36	RULFX	Rbc Ultra Short	Pair Corr
0.33	CPCCX	Comstock Capital Value	Pair Corr

Related Correlations Analysis

	HRVIX	VISVX	MLPSX	MXLSX	AVCNX	SGPIX	MAVKX
HRVIX		0.95	0.92	0.94	0.95	0.98	0.97	HRVIX
VISVX	0.95		0.99	0.99	0.97	0.97	0.95	VISVX
MLPSX	0.92	0.99		0.99	0.95	0.95	0.92	MLPSX
MXLSX	0.94	0.99	0.99		0.96	0.97	0.93	MXLSX
AVCNX	0.95	0.97	0.95	0.96		0.96	0.96	AVCNX
SGPIX	0.98	0.97	0.95	0.97	0.96		0.96	SGPIX
MAVKX	0.97	0.95	0.92	0.93	0.96	0.96		MAVKX
	HRVIX	VISVX	MLPSX	MXLSX	AVCNX	SGPIX	MAVKX

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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
HRVIX	0.88	(0.03)	0.00	(0.04)	0.00	0.00	1.59	(1.66)	10.66
VISVX	0.72	0.01	0.00	0.05	0.94	(0.80)	1.49	(1.35)	8.26
MLPSX	0.70	0.03	0.02	0.09	0.95	(0.70)	1.39	(1.39)	8.46
MXLSX	0.82	0.01	0.00	0.04	0.97	(0.93)	1.69	(1.52)	10.23
AVCNX	0.90	(0.01)	(0.02)	0.00	1.16	(1.07)	1.83	(1.41)	11.02
SGPIX	0.91	(0.04)	0.00	(0.05)	0.00	0.00	1.69	(1.67)	9.85
MAVKX	0.90	(0.03)	0.00	(0.05)	0.00	0.00	1.73	(1.84)	12.01

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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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