Parnassus Endeavor Fund Quote
Equity ratings for Parnassus Endeavor Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of February 2024 and ending today, the 5th of May 2024. Click here to learn more.
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RefreshParnassus Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Parnassus Endeavor's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Parnassus Endeavor or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Large Value, Parnassus, Large Value, Large Value (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of May 2023 |
| Fiscal Year End | December |
Parnassus Endeavor Fund [PFPWX] is traded in USA and was established 5th of May 2024. The fund is listed under Large Value category and is part of Parnassus family. This fund at this time has accumulated 4.69 B in assets with minimum initial investment of 100 K. Parnassus Endeavor is currently producing year-to-date (YTD) return of 5.27% with the current yeild of 0.01%, while the total return for the last 3 years was 3.66%.
Check Parnassus Endeavor Probability Of Bankruptcy
Parnassus Endeavor Against Markets
Picking the right benchmark for Parnassus Endeavor mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Parnassus Endeavor mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Parnassus Endeavor is critical whether you are bullish or bearish towards Parnassus Endeavor Fund at a given time. Please also check how Parnassus Endeavor's historical prices are related to one of the top price index indicators.
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Parnassus Endeavor Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parnassus Endeavor mutual fund to make a market-neutral strategy. Peer analysis of Parnassus Endeavor could also be used in its relative valuation, which is a method of valuing Parnassus Endeavor by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy Parnassus Mutual Fund?
Before investing in Parnassus Endeavor, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Parnassus Endeavor. To buy Parnassus Endeavor fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Parnassus Endeavor. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Parnassus Endeavor fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Parnassus Endeavor Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Parnassus Endeavor Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Parnassus Endeavor Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Parnassus Endeavor Fund?
The danger of trading Parnassus Endeavor Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Parnassus Endeavor is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Parnassus Endeavor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Parnassus Endeavor is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 various price indices. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Tools for Parnassus Mutual Fund
When running Parnassus Endeavor's price analysis, check to measure Parnassus Endeavor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parnassus Endeavor is operating at the current time. Most of Parnassus Endeavor's value examination focuses on studying past and present price action to predict the probability of Parnassus Endeavor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parnassus Endeavor's price. Additionally, you may evaluate how the addition of Parnassus Endeavor to your portfolios can decrease your overall portfolio volatility.
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