Parnassus Fund Inst Fund Buy Hold or Sell Recommendation
| PFPRX Fund | USD 55.23 0.42 0.75% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Parnassus Fund Inst is 'Strong Hold'. Macroaxis provides Parnassus Fund buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PFPRX positions. The advice algorithm takes into account all of Parnassus Fund's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Parnassus Fund's buy or sell advice are summarized below:
Real Value 55.87 | Hype Value 55.23 | Market Value 55.23 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Parnassus Fund Inst given historical horizon and risk tolerance towards Parnassus Fund. When Macroaxis issues a 'buy' or 'sell' recommendation for Parnassus Fund Inst, the advice is generated through an automated system that utilizes algorithms and statistical models.
Parnassus |
Execute Parnassus Fund Buy or Sell Advice
The Parnassus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Parnassus Fund Inst. Macroaxis does not own or have any residual interests in Parnassus Fund Inst or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Parnassus Fund's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details |
Parnassus Fund Trading Alerts and Improvement Suggestions
| Parnassus Fund Inst generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Parnassus Fund Inst maintains 98.43% of its assets in stocks |
Parnassus Fund Returns Distribution Density
The distribution of Parnassus Fund's historical returns is an attempt to chart the uncertainty of Parnassus Fund's future price movements. The chart of the probability distribution of Parnassus Fund daily returns describes the distribution of returns around its average expected value. We use Parnassus Fund Inst price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Parnassus Fund returns is essential to provide solid investment advice for Parnassus Fund.
| Mean Return | 0.04 | Value At Risk | -1.78 | Potential Upside | 1.35 | Standard Deviation | 0.96 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Parnassus Fund historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Parnassus Fund Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Parnassus Fund or Parnassus sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Parnassus Fund's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Parnassus fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 1.36 | |
σ | Overall volatility | 0.95 | |
Ir | Information ratio | -0.03 |
Parnassus Fund Volatility Alert
Parnassus Fund Inst has low volatility with Treynor Ratio of 0.02, Maximum Drawdown of 4.05 and kurtosis of -0.38. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Parnassus Fund's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Parnassus Fund's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Parnassus Fund Fundamentals Vs Peers
Comparing Parnassus Fund's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Parnassus Fund's direct or indirect competition across all of the common fundamentals between Parnassus Fund and the related equities. This way, we can detect undervalued stocks with similar characteristics as Parnassus Fund or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Parnassus Fund's fundamental indicators could also be used in its relative valuation, which is a method of valuing Parnassus Fund by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Parnassus Fund to competition |
| Fundamentals | Parnassus Fund | Peer Average |
| Price To Earning | 18.54 X | 6.53 X |
| Price To Book | 2.15 X | 0.74 X |
| Price To Sales | 1.59 X | 0.61 X |
| Year To Date Return | 3.60 % | 0.39 % |
| One Year Return | 27.19 % | 4.15 % |
| Three Year Return | (1.23) % | 3.60 % |
| Five Year Return | 7.60 % | 3.24 % |
| Ten Year Return | 12.31 % | 1.79 % |
| Net Asset | 740.82 M | 4.11 B |
| Cash Position Weight | 1.57 % | 10.61 % |
| Equity Positions Weight | 98.43 % | 63.90 % |
Parnassus Fund Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Parnassus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 55.23 | |||
| Day Typical Price | 55.23 | |||
| Price Action Indicator | (0.21) | |||
| Period Momentum Indicator | (0.42) |
About Parnassus Fund Buy or Sell Advice
When is the right time to buy or sell Parnassus Fund Inst? Buying financial instruments such as Parnassus Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Parnassus Fund in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Parnassus Fund Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.