Parnassus Mutual Fund Financials

PFPMX -  USA Fund  

USD 45.75  0.09  0.20%

Understanding current and past Parnassus Mid Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Parnassus Mid's financial statements are interrelated, with each one affecting the others. For example, an increase in Parnassus Mid's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Parnassus Mid's financials over time to get the whole picture.
Use fundamental data analysis to confirm all available drivers of Parnassus Mid Cap to find out if markets are presently mispricing the entity. We have collected data for eleven available financial ratios for Parnassus Mid Cap, which can be compared to its competitors. Please employ Parnassus Mid Cap number of employees and net asset to make a decision on whether Parnassus Mid is priced adequately. Use Parnassus Mid to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend and little activity. Check odds of Parnassus Mid to be traded at $45.29 in 90 days.

Parnassus Fundamentals 

 
Refresh
With this module, you can analyze Parnassus financials for your investing period. You should be able to track the changes in Parnassus Mid individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  Chance Of Financial Distress
Less than 1
Parnassus Mid Cap has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Parnassus Mid mutual fund is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Parnassus Mid's official financial statements usually reflect Parnassus Mid's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Parnassus Mid Cap. For example, before you start analyzing numbers published by Parnassus accountants, it's critical to develop an understanding of what Parnassus Mid's liquidity, profitability, and earnings quality are in the context of the Parnassus space in which it operates.
Please note that past performance is not an indicator of the future performance of Parnassus Mid, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. .

Parnassus Mid Company Summary

Parnassus Mid competes with Vanguard Mid-Cap, Vanguard Index, Vanguard Index, Fidelity Mid, and Fidelity Mid-Cap. The fund normally invests at least 80 percent of its net assets in mid-sized companies. Parnassus Mid is traded on NASDAQ Exchange in the United States.
InstrumentUSA Mutual Fund View All
ExchangeNASDAQ Exchange
Business AddressPARNASSUS FUNDS
Mutual Fund FamilyParnassus
Mutual Fund CategoryMid-Cap Blend
BenchmarkDOW
Phone800 999 3505
CurrencyUSD - US Dollar

Parnassus Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Mid's current stock value. Our valuation model uses many indicators to compare Parnassus Mid value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Mid competition to find correlations between indicators driving Parnassus Mid's intrinsic value. More Info.
Parnassus Mid Cap is regarded fourth largest fund in minimum initial investment among similar funds. It is regarded second largest fund in ten year return among similar funds . The ratio of Minimum Initial Investment to Ten Year Return for Parnassus Mid Cap is about  8,598 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Parnassus Mid by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Parnassus Mid's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parnassus Mid's earnings, one of the primary drivers of an investment's value.

Parnassus Mid Cap Systematic Risk

Parnassus Mid's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Mid volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Parnassus Mid Cap correlated with the market. If Beta is less than 0 Parnassus Mid generally moves in the opposite direction as compared to the market. If Parnassus Mid Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Mid Cap is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Mid is generally in the same direction as the market. If Beta > 1 Parnassus Mid moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About Parnassus Mid Financials

What exactly are Parnassus Mid Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Parnassus Mid's income statement, its balance sheet, and the statement of cash flows. Potential Parnassus Mid investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Parnassus Mid investors may use each financial statement separately, they are all related. The changes in Parnassus Mid's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Parnassus Mid's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Parnassus Mid is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Parnassus grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
Parnassus Mid Cap is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of Mid-Cap Blend category is currently estimated at about 533.09 Billion. Parnassus Mid claims roughly 7.98 Billion in net asset contributing just under 2% to funds under Mid-Cap Blend category.

Parnassus Mid October 25, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Parnassus Mid help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Mid Cap. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Mid Cap based on widely used predictive technical indicators. In general, we focus on analyzing Parnassus Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parnassus Mid's daily price indicators and compare them against related drivers.
Downside Deviation0.737
Information Ratio(0.022931)
Maximum Drawdown2.81
Value At Risk(1.27)
Potential Upside0.8626
Please check Your Equity Center. Note that the Parnassus Mid Cap information on this page should be used as a complementary analysis to other Parnassus Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Parnassus Mutual Fund analysis

When running Parnassus Mid Cap price analysis, check to measure Parnassus Mid'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 Mid is operating at the current time. Most of Parnassus Mid's value examination focuses on studying past and present price action to predict the probability of Parnassus Mid's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parnassus Mid's price. Additionally, you may evaluate how the addition of Parnassus Mid to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Please note, there is a significant difference between Parnassus Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine Parnassus Mid value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Mid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.