City National Rochdale Fund Market Value
| CNRVX Fund | USD 29.41 0.17 0.58% |
| Symbol | City |
City National 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to City National's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of City National.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in City National on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding City National Rochdale or generate 0.0% return on investment in City National over 30 days. City National is related to or competes with Blackrock Science, Allianzgi Technology, Pgim Jennison, Dreyfus Technology, Goldman Sachs, Technology Ultrasector, and Icon Information. The fund invests at least 80 percent of its net assets consist of common stock of large and middle capitalization corpor... More
City National Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure City National's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess City National Rochdale upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.917 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.68 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.22 |
City National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City National's standard deviation. In reality, there are many statistical measures that can use City National historical prices to predict the future City National's volatility.| Risk Adjusted Performance | 0.0943 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.105 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of City National's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
City National Rochdale Backtested Returns
At this stage we consider City Mutual Fund to be very steady. City National Rochdale secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for City National Rochdale, which you can use to evaluate the volatility of the entity. Please confirm City National's Downside Deviation of 0.917, risk adjusted performance of 0.0943, and Mean Deviation of 0.5473 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, City National's returns are expected to increase less than the market. However, during the bear market, the loss of holding City National is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
City National Rochdale has very good predictability. Overlapping area represents the amount of predictability between City National time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of City National Rochdale price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current City National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
City National Rochdale lagged returns against current returns
Autocorrelation, which is City National mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting City National's mutual fund expected returns. We can calculate the autocorrelation of City National returns to help us make a trade decision. For example, suppose you find that City National has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
City National regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If City National mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City National mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City National mutual fund over time.
Current vs Lagged Prices |
| Timeline |
City National Lagged Returns
When evaluating City National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City National mutual fund have on its future price. City National autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, City National autocorrelation shows the relationship between City National mutual fund current value and its past values and can show if there is a momentum factor associated with investing in City National Rochdale.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in City Mutual Fund
City National financial ratios help investors to determine whether City Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in City with respect to the benefits of owning City National security.
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