The investigation on natural circulation (NC) characteristics of the China Advanced Research Reactor(CARR) is very valuable for practical engineering application and also a key subject for the CARR. In this study, a computer code was developed to calculate the NC capacity of the CARR under different pool water temperatures. Effects of the pool water temperature on NC characteristics were analyzed. The results show that with increasing pool water temperature, the NC flow rate increases while the NC capacity decreases. Based on the computation results and theoretical deduction, a correlation was proposed on predicting the relationship between the NC mass flow and the core power under different conditions. The correlation prediction agrees well with the computational result within ±10% for the maximal deviation. This work is instructive for the actual operation of the CARR.