Parnassus Mutual Fund Financials

PFPRX -  USA Fund  

USD 52.10  0.70  1.33%

Understanding current and past Parnassus Fund Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Parnassus Fund's financial statements are interrelated, with each one affecting the others. For example, an increase in Parnassus Fund's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Parnassus Fund's financials over time to get the whole picture.
Use fundamental data analysis to confirm all available drivers of Parnassus Fund - to find out if markets are presently mispricing the entity. We were able to interpolate data for fourteen available financial ratios for Parnassus Fund -, which can be compared to its competitors. Use Parnassus Fund price to earning, three year return, as well as the relationship between the Three Year Return and equity positions weight to make sure your decision on pricing Parnassus Fund - is adequate. Use Parnassus Fund to protect your portfolios against small market fluctuations. The fund experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Parnassus Fund to be traded at $50.54 in 90 days.

Parnassus Fundamentals 

With this module, you can analyze Parnassus financials for your investing period. You should be able to track the changes in Parnassus Fund 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 2
Parnassus Fund - has less than 2 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Parnassus Fund 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 Fund's official financial statements usually reflect Parnassus Fund'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 Fund -. For example, before you start analyzing numbers published by Parnassus accountants, it's critical to develop an understanding of what Parnassus Fund'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 Fund, 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 Fund Company Summary

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

Parnassus Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Fund's current stock value. Our valuation model uses many indicators to compare Parnassus Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Fund competition to find correlations between indicators driving Parnassus Fund's intrinsic value. More Info.
Parnassus Fund - is regarded second largest fund in price to book among similar funds. It is rated top fund in one year return among similar funds reporting about  5.64  of One Year Return per Price to Book. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Parnassus Fund by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Parnassus Fund'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 Fund's earnings, one of the primary drivers of an investment's value.

Parnassus Fund - Systematic Risk

Parnassus Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Fund 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 with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Parnassus Fund - correlated with the market. If Beta is less than 0 Parnassus Fund generally moves in the opposite direction as compared to the market. If Parnassus Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Fund - is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Fund is generally in the same direction as the market. If Beta > 1 Parnassus Fund 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 Fund Financials

What exactly are Parnassus Fund 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 Fund's income statement, its balance sheet, and the statement of cash flows. Potential Parnassus Fund investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Parnassus Fund investors may use each financial statement separately, they are all related. The changes in Parnassus Fund's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Parnassus Fund'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 Fund 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 Fund - is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of Mid-Cap Growth category is currently estimated at about 492.32 Billion. Parnassus Fund adds roughly 1.12 Billion in net asset claiming only tiny portion of funds under Mid-Cap Growth category.

Parnassus Fund January 26, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Parnassus Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Fund -. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Fund - 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 Fund's daily price indicators and compare them against related drivers.
Information Ratio(0.21)
Maximum Drawdown6.93
Value At Risk(3.23)
Potential Upside2.03
Please check Your Equity Center. Note that the Parnassus Fund - information on this page should be used as a complementary analysis to other Parnassus Fund'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 Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Parnassus Fund - price analysis, check to measure Parnassus Fund'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 Fund is operating at the current time. Most of Parnassus Fund's value examination focuses on studying past and present price action to predict the probability of Parnassus Fund's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parnassus Fund's price. Additionally, you may evaluate how the addition of Parnassus Fund to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Parnassus Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine Parnassus Fund value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Fund'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.