City National Correlations

Mutual Funds . USA . 
Fund . City National Rochdale
CNRVX Fund  USD 29.41  0.17  0.58%   
The current 90-days correlation between City National Rochdale and Balanced Fund Retail is 0.92 (i.e., Almost no 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 poor diversification

The correlation between City National Rochdale and DJI is 0.8 (i.e., Very 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 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 real.

Moving together with City Mutual Fund

  1.0CNRWX City National RochdalePairCorr
  1.0CNRUX City National RochdalePairCorr
  0.87RIMHX City National RochdalePairCorr
  0.82RIMOX City National RochdalePairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.88KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.88KSCYX Kinetics Small CapPairCorr
  0.86KNPCX Kinetics ParadigmPairCorr
  0.86WWNPX Kinetics ParadigmPairCorr
  0.64LETRX Voya Russia FundPairCorr
  0.85KINAX Kinetics InternetPairCorr
  0.86KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.88KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.87LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.85KINCX Kinetics InternetPairCorr
  0.99SWPPX Schwab Sp 500PairCorr
  0.94RNGHX New Economy FundPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.93FSRFX Transportation PortfolioPairCorr
  0.83MERDX Meridian GrowthPairCorr
  0.95RYMDX Mid Cap 15x Steady GrowthPairCorr
  0.95TRLCX Tiaa-cref Large-capPairCorr
  0.84AMVYX Mid Cap ValuePairCorr
  0.93WCPSX Mobile TelecommunicatioPairCorr
  0.98RGRYX Victory Rs GrowthPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.87DFMGX Df Dent MidcapPairCorr
  0.96VSEQX Vanguard Strategic EquityPairCorr

Related Correlations Analysis

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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.

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