Parnassus Mutual Fund Quote

PFPLX -  USA Fund  

USD 17.31  0.02  0.12%

Parnassus Fixed is trading at 17.31 as of the 24th of October 2021; that is -0.12% down since the beginning of the trading day. The fund's open price was 17.33. Parnassus Fixed has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Parnassus Fixed Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2021 and ending today, the 24th of October 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1
The investment seeks a high level of current income consistent with safety and preservation of capital. Parnassus Fixed is traded on NASDAQ Exchange in the United States.. More on Parnassus Fixed Income

Parnassus Fixed 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Parnassus Fixed's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Parnassus Fixed or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Parnassus Fixed generated a negative expected return over the last 90 days
Parnassus Fixed is unlikely to experience financial distress in the next 2 years
On 30th of September 2021 Parnassus Fixed paid $ 0.0353 per share dividend to its current shareholders
Latest headline from NASDAQPFPLX Parnassus Fixed Income Fd Instl ClParnassus Fund Dividend Announcement 0.0353 per share - Dividend Investor
The fund maintains about 5.34% of its assets in cash
Legal NameParnassus Fixed Income
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Parnassus Fixed's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Beta In Three Year1.12
Startdate1st of May 2013
Parnassus Fixed Income [PFPLX] is traded in USA and was established 24th of October 2021. The fund is listed under Intermediate Core-Plus Bond category and is part of Parnassus family. Parnassus Fixed Income at this time has accumulated 456.45 M in assets with minimum initial investment of 100 K. , while the total return for the last 3 years was 5.17%.
Check Parnassus Fixed Probability Of Bankruptcy

Instrument Allocation

Parnassus Fixed Target Price Odds Analysis

What are Parnassus Fixed's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Parnassus Fixed jumping above the current price in 90 days from now is about 98.0%. The Parnassus Fixed Income probability density function shows the probability of Parnassus Fixed mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Parnassus Fixed Income has a beta of -0.0125 indicating as returns on benchmark increase, returns on holding Parnassus Fixed are expected to decrease at a much lower rate. During the bear market, however, Parnassus Fixed Income is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Parnassus Fixed Income is significantly underperforming DOW.
 Odds Down 17.31HorizonTargetOdds Up 17.31 
1.74%90 days
Based on a normal probability distribution, the odds of Parnassus Fixed to move above the current price in 90 days from now is about 98.0 (This Parnassus Fixed Income probability density function shows the probability of Parnassus Mutual Fund to fall within a particular range of prices over 90 days) .

Parnassus Fixed Income Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Parnassus Fixed market risk premium is the additional return an investor will receive from holding Parnassus Fixed 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 Fixed. 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 Fixed's alpha and beta are two of the key measurements used to evaluate Parnassus Fixed's performance over the market, the standard measures of volatility play an important role as well.

Parnassus Fixed Against Markets

Picking the right benchmark for Parnassus Fixed 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 Fixed 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 Fixed is critical whether you are bullish or bearish towards Parnassus Fixed Income at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Parnassus Fixed without increasing your portfolio risk or giving up 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.

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Please check Your Equity Center. Note that the Parnassus Fixed Income information on this page should be used as a complementary analysis to other Parnassus Fixed'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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