Parnassus Mutual Fund Buy Hold or Sell Recommendation

PFPRX -  USA Fund  

USD 58.39  0.18  0.31%

Assuming the 90 days horizon and your bold attitude towards risk, our recommendation regarding Parnassus Fund - 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.

Parnassus Advice 

 
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The advice is provided from Parnassus Fund's buy-and-hold perspective. Please check 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. We conduct extensive research on individual funds such as Parnassus and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards Parnassus Fund -.

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 -. Macroaxis does not own or have any residual interests in Parnassus Fund - 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

Execute Advice
Sell Parnassus FundBuy Parnassus Fund
Strong Hold

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Very SmallDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Parnassus Fund - has a Risk Adjusted Performance of (0.08), Jensen Alpha of (0.24), Total Risk Alpha of (0.28) and Treynor Ratio of (0.15)
Our advice module provides unbiased recommendation that can be used to complement current average analyst sentiment on Parnassus Fund -. Our advice engine provides an advice for the fund potential to grow from the perspective of an investor's risk tolerance and investing horizon. Use Parnassus Fund - price to earning, three year return, as well as the relationship between the Three Year Return and equity positions weight to ensure your buy or sell decision on Parnassus Fund - is adequate.

Parnassus Fund Trading Alerts and Improvement Suggestions

Parnassus Fund - generated a negative expected return over the last 90 days
Parnassus Fund - is unlikely to experience financial distress in the next 2 years
The fund maintains 98.77% of its assets in stocks

Parnassus Fund Returns Distribution Density

The distribution of Parnassus Fund's historical returns is an attempt to chart the future uncertainty of Parnassus Fund's future price movements. The chart of the probability distribution of Parnassus Fund stock daily returns describes the distribution of returns around its average expected value. We use Parnassus Fund - 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 stock.
Mean Return-0.16Value At Risk-2.5
Potential Upside2.04Standard Deviation1.48
 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 stock's price will be affected by overall stock 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 stock'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 DOW
-0.24
β
Beta against DOW1.11
σ
Overall volatility
1.47
Ir
Information ratio -0.16

Parnassus Fund Volatility Alert

Parnassus Fund - exhibits very low volatility with skewness of -0.31 and kurtosis of -0.01. However, we advise investors to further study Parnassus Fund - technical indicators to make sure all market info is available and is reliable. 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 bullying 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 stocks as prices fall.

Parnassus Fund Implied Volatility

Parnassus Fund's implied volatility exposes the market's sentiment of Parnassus Fund - stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Parnassus Fund's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Parnassus Fund stock will not fluctuate a lot when Parnassus Fund's options are near their expiration.

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
FundamentalsParnassus FundPeer Average
Price to Earning18.54 X6.53 X
Price to Book2.15 X0.74 X
Price to Sales1.59 X0.61 X
One Year Return12.13 %4.15 %
Three Year Return7.59 %3.60 %
Five Year Return7.72 %3.24 %
Ten Year Return12.31 %1.79 %
Net Asset1.12 B4.11 B
Minimum Initial Investment100 K976.16 K
Cash Position Weight1.23 %10.61 %
Equity Positions Weight98.77 %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 Power9223.4 B
Rate Of Daily Change1.0
Day Median Price58.39
Day Typical Price58.39
Price Action Indicator0.09

About Parnassus Fund Buy or Sell Advice

When is the right time to buy or sell Parnassus Fund -? 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 stock 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. Although Parnassus Fund investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

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.

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Climate Change
Climate Change Theme
Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. Climate Change theme has 38 constituents.
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Please check 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. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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.