Parnassus Endeavor Fund Quote
PFPWX Fund | USD 53.43 0.64 1.21% |
Performance6 of 100
| Odds Of DistressLess than 19
|
Parnassus Endeavor is trading at 53.43 as of the 24th of April 2024; that is 1.21% increase since the beginning of the trading day. The fund's open price was 52.79. Parnassus Endeavor has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Parnassus Endeavor Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The funds objective is to achieve capital appreciation by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. These companies must, in the advisers opinion, be undervalued, but they must also have good prospects for long-term capital appreciation over the course of the expected holding period.. More on Parnassus Endeavor Fund
Moving together with Parnassus Mutual Fund
0.88 | PFGEX | Parnassus Funds | PairCorr |
0.88 | PFPGX | Parnassus Funds | PairCorr |
0.79 | PFPRX | Parnassus Fund Inst | PairCorr |
0.89 | PFPMX | Parnassus Mid Cap | PairCorr |
0.96 | PRBLX | Parnassus E Equity | PairCorr |
Parnassus 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 | Parnassus Funds, Large Value Funds, 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 24th of April 2024. Parnassus Endeavor is listed under Parnassus category by Fama And French industry classification. 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 3.59% with the current yeild of 0.01%, while the total return for the last 3 years was 3.57%.
Check Parnassus Endeavor Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Parnassus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Parnassus Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Parnassus Endeavor Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Parnassus Endeavor Fund Mutual Fund Constituents
CVS | CVS Health Corp | Stock | Health Care |
A | Agilent Technologies | Stock | Health Care |
VFC | VF Corporation | Stock | Consumer Discretionary |
BMY | Bristol Myers Squibb | Stock | Health Care |
FDX | FedEx | Stock | Industrials |
GILD | Gilead Sciences | Stock | Health Care |
CSCO | Cisco Systems | Stock | Information Technology |
Parnassus Endeavor Target Price Odds Analysis
Based on a normal probability distribution, the odds of Parnassus Endeavor jumping above the current price in 90 days from now is about 36.16%. The Parnassus Endeavor Fund probability density function shows the probability of Parnassus Endeavor mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.0466 indicating Parnassus Endeavor Fund market returns are sensitive to returns on the market. As the market goes up or down, Parnassus Endeavor is expected to follow. Additionally, parnassus Endeavor Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Parnassus Endeavor to move above the current price in 90 days from now is about 36.16 (This Parnassus Endeavor Fund probability density function shows the probability of Parnassus Mutual Fund to fall within a particular range of prices over 90 days) .
Parnassus Endeavor Top Holders
RELAX | Fundx Servative Upgrader | Mutual Fund | Tactical Allocation |
SRIFX | Fundx Sustainable Impact | Mutual Fund | Large Growth |
Parnassus Endeavor Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Parnassus Endeavor market risk premium is the additional return an investor will receive from holding Parnassus Endeavor long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Parnassus Endeavor. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Parnassus Endeavor's alpha and beta are two of the key measurements used to evaluate Parnassus Endeavor's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.5285 | |||
Semi Deviation | 0.6737 | |||
Standard Deviation | 0.6922 | |||
Variance | 0.4791 |
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.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Parnassus Endeavor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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, which includes a position in Parnassus Endeavor Fund. 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 housing. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.