Parnassus Funds Valuation
| PFPGX Fund | 27.17 0.14 0.52% |
Based on Macroaxis valuation methodology, the fund is fairly valued. Parnassus Funds holds a recent Real Value of USD26.69 per share. The prevailing price of the fund is USD27.17. Our model determines the value of Parnassus Funds from analyzing the fund technical indicators and probability of bankruptcy. In general, investors 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.
Fairly Valued
Today
Please note that Parnassus Funds' price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund is fairly valued. Parnassus Funds holds a recent Real Value of USD26.69 per share. The prevailing price of the fund is USD27.17. Our model determines the value of Parnassus Funds from analyzing the fund technical indicators and probability of bankruptcy. In general, investors 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 Funds is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Parnassus Mutual Fund. However, Parnassus Funds' 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 27.17 | Real 26.69 | Hype 27.03 |
The intrinsic value of Parnassus Funds' 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 Funds' 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 Funds 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 Funds more accurately as focusing exclusively on Parnassus Funds' fundamentals will not take into account other important factors: About Parnassus Funds Valuation
Our relative valuation model uses a comparative analysis of Parnassus Funds. We calculate exposure to Parnassus Funds's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Parnassus Funds's related companies.The fund normally invests at least 80 percent of its net assets in equity securities of large-sized growth companies. Equity securities include common stocks, depositary receipts, and interests in real estate investment trusts. The fund may normally invest up to 20 percent of its net assets in small- and mid- capitalization companies.
Other Information on Investing in Parnassus Mutual Fund
Parnassus Funds 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 Funds security.
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