Parnassus Fund Financials
| PFPRX Fund | USD 65.81 0.16 0.24% |
Parnassus |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Parnassus Fund Fund Summary
Parnassus Fund competes with Parnassus Endeavor, Parnassus Fund, Parnassus Equity, Parnassus Mid, and Select Fund. The fund normally invests at least 80 percent of its net assets in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the companys market capitalization grows or falls outside the ranges of the Russell Midcap Growth Index, which are subject to change. The fund may normally invest up to 20 percent of its net assets in smaller- and larger-capitalization companies.Specialization | Mid-Cap Growth, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7017653079 |
| Business Address | PARNASSUS FUNDS |
| Mutual Fund Family | Parnassus |
| Mutual Fund Category | Mid-Cap Growth |
| Benchmark | Dow Jones Industrial |
| Phone | 800 999 3505 |
| Currency | USD - US Dollar |
Parnassus Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Fund's current stock value. Our valuation model uses many indicators to compare Parnassus Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Fund competition to find correlations between indicators driving Parnassus Fund's intrinsic value. More Info.Parnassus Fund Inst is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Parnassus Fund Inst is roughly 8.62 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parnassus Fund's earnings, one of the primary drivers of an investment's value.Parnassus Fund Inst Systematic Risk
Parnassus Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Parnassus Fund Inst correlated with the market. If Beta is less than 0 Parnassus Fund generally moves in the opposite direction as compared to the market. If Parnassus Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Fund Inst is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Fund is generally in the same direction as the market. If Beta > 1 Parnassus Fund moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Fund December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Fund Inst. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Fund Inst based on widely used predictive technical indicators. In general, we focus on analyzing Parnassus Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parnassus Fund's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.53 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Fund financial ratios help investors to determine whether Parnassus 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 Parnassus with respect to the benefits of owning Parnassus Fund security.
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