Parnassus Asia Fund Technical Analysis

Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Asia, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and collect zero technical drivers for Parnassus Asia, which can be compared to its competitors.

Parnassus Asia Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Parnassus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Parnassus
  
Parnassus Asia's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Parnassus Asia technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Parnassus Asia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Asia trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Parnassus Asia Technical Analysis

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Parnassus Asia Trend Analysis

Use this graph to draw trend lines for Parnassus Asia Fund. You can use it to identify possible trend reversals for Parnassus Asia as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parnassus Asia price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Parnassus Asia Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parnassus Asia Fund applied against its price change over selected period. The best fit line has a slop of   NaN  , . It has 0 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Parnassus Asia price change compared to its average price change.

Parnassus Asia One Year Return

Based on the recorded statements, Parnassus Asia Fund has an One Year Return of 4.16%. This is 311.88% higher than that of the family and notably higher than that of the One Year Return category. This indicator is about the same for all United States funds average (which is currently at 4.15).
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Other Consideration for investing in Parnassus Mutual Fund

If you are still planning to invest in Parnassus Asia check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Parnassus Asia's history and understand the potential risks before investing.
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