Parnassus Fixed Income Fund Fundamentals
| PFPLX Fund | USD 14.91 0.05 0.34% |
Parnassus Fixed Income fundamentals help investors to digest information that contributes to Parnassus Fixed's financial success or failures. It also enables traders to predict the movement of Parnassus Mutual Fund. The fundamental analysis module provides a way to measure Parnassus Fixed's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parnassus Fixed mutual fund.
Parnassus |
Parnassus Fixed Income Mutual Fund Annual Yield Analysis
Parnassus Fixed's Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Current Parnassus Fixed Annual Yield | 0 % |
Most of Parnassus Fixed's fundamental indicators, such as Annual Yield, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parnassus Fixed Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Parnassus Fixed Income has an Annual Yield of 0.0017%. This is much higher than that of the Parnassus family and significantly higher than that of the Intermediate Core-Plus Bond category. The annual yield for all United States funds is notably lower than that of the firm.
Parnassus Fixed Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Fixed's current stock value. Our valuation model uses many indicators to compare Parnassus Fixed value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Fixed competition to find correlations between indicators driving Parnassus Fixed's intrinsic value. More Info.Parnassus Fixed Income is regarded second largest fund in annual yield among similar funds. It is rated top fund in year to date return among similar funds creating about 2,122 of Year To Date Return per Annual Yield. 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 Fixed's earnings, one of the primary drivers of an investment's value.Parnassus Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parnassus Fixed's direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Parnassus Fixed could also be used in its relative valuation, which is a method of valuing Parnassus Fixed by comparing valuation metrics of similar companies.Parnassus Fixed is currently under evaluation in annual yield among similar funds.
Fund Asset Allocation for Parnassus Fixed
The fund consists of 89.93% investments in fixed income securities, with the rest of funds allocated in cash and various exotic instruments.Asset allocation divides Parnassus Fixed's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Parnassus Fundamentals
| Total Asset | 145.27 M | |||
| Annual Yield | 0 % | |||
| Year To Date Return | 3.61 % | |||
| One Year Return | 7.48 % | |||
| Three Year Return | (1.52) % | |||
| Five Year Return | 0.16 % | |||
| Ten Year Return | 3.52 % | |||
| Net Asset | 270.24 M | |||
| Minimum Initial Investment | 100 K | |||
| Last Dividend Paid | 0.03 | |||
| Cash Position Weight | 6.23 % | |||
| Bond Positions Weight | 89.93 % |
About Parnassus Fixed Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parnassus Fixed Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parnassus Fixed using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parnassus Fixed Income based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund normally invests at least 80 percent of its net assets in a diversified portfolio of bonds and other fixed income instruments. It principally invests in corporate bonds, U.S. Treasuries and supranational bonds, with an emphasis on corporate bonds. The fund may also invest in U.S. governmental agencies, commercial and residential mortgage-backed securities and other asset-backed securities. It invests mainly in domestic securities, and to a lesser extent may also invest in U.S. dollar denominated foreign securities.
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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 Parnassus Mutual Fund
Parnassus Fixed 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 Fixed security.
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