Parnassus Fund Inst Fund Manager Performance Evaluation
| PFPRX Fund | USD 65.81 0.16 0.24% |
The fund holds a Beta of 0.99, which implies possible diversification benefits within a given portfolio. Parnassus Fund returns are very sensitive to returns on the market. As the market goes up or down, Parnassus Fund is expected to follow.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Fund Inst are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Parnassus Fund may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 0.6800 |
Parnassus |
Parnassus Fund Relative Risk vs. Return Landscape
If you would invest 6,035 in Parnassus Fund Inst on September 1, 2024 and sell it today you would earn a total of 546.00 from holding Parnassus Fund Inst or generate 9.05% return on investment over 90 days. Parnassus Fund Inst is currently producing 0.1393% returns and takes up 0.8892% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Parnassus, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Parnassus Fund Current Valuation
Fairly Valued
Today
Please note that Parnassus Fund's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Parnassus Fund Inst holds a recent Real Value of $64.97 per share. The prevailing price of the fund is $65.81. We determine the value of Parnassus Fund Inst from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Parnassus Fund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Parnassus Mutual Fund. However, Parnassus Fund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 65.81 | Real 64.97 | Hype 65.65 |
The intrinsic value of Parnassus Fund's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Parnassus Fund's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Parnassus Fund Inst helps investors to forecast how Parnassus mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Parnassus Fund more accurately as focusing exclusively on Parnassus Fund's fundamentals will not take into account other important factors: Parnassus Fund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Fund Inst, and traders can use it to determine the average amount a Parnassus Fund's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1567
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | PFPRX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Parnassus Fund is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parnassus Fund by adding it to a well-diversified portfolio.
Parnassus Fund Fundamentals Growth
Parnassus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Parnassus Fund, and Parnassus Fund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Parnassus Mutual Fund performance.
| Price To Earning | 18.54 X | ||||
| Price To Book | 2.15 X | ||||
| Price To Sales | 1.59 X | ||||
| Total Asset | 158.9 M | ||||
About Parnassus Fund Performance
Evaluating Parnassus Fund's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Parnassus Fund has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Parnassus Fund has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Parnassus Fund Inst performance evaluation
Checking the ongoing alerts about Parnassus Fund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Parnassus Fund Inst help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Parnassus Fund's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Parnassus Fund's mutual fund performance include:- Analyzing Parnassus Fund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Parnassus Fund's stock is overvalued or undervalued compared to its peers.
- Examining Parnassus Fund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Parnassus Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parnassus Fund's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Parnassus Fund's mutual fund. These opinions can provide insight into Parnassus Fund's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |