Parnassus Fund Competition

PFPRX -  USA Fund  

USD 64.92  0.19  0.29%

Parnassus Fund - competes with Vanguard Extended, T Rowe, T Rowe, and Vanguard Index; as well as few others. The fund is listed under Mid-Cap Growth category and is part of Parnassus family. Analyzing Parnassus Fund competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Parnassus Fund to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Parnassus Fund competition on your existing holdings. Please check Parnassus Fund Correlation with its peers.

Parnassus Competition 

 
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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Parnassus Fund's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Parnassus Fund in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
63.2764.4865.69
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Intrinsic
Valuation
LowReal ValueHigh
63.4464.6565.86
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Parnassus Fund. Your research has to be compared to or analyzed against Parnassus Fund's peers to derive any actionable benefits. When done correctly, Parnassus Fund's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Parnassus Fund -.

Parnassus Fund Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Parnassus Fund and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Parnassus and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Parnassus Fund - does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Parnassus Fund Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Parnassus Fund stock performing well and Parnassus Fund Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Parnassus Fund's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Parnassus Fund Competitive Analysis

The better you understand Parnassus Fund competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Parnassus Fund's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Parnassus Fund's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
PFPRX
F
VSEMX
F
TRUZX
F
PAMCX
F
VEXMX
F
 0.29 
 64.92 
Parnassus
 2.94 
 222.56 
Vanguard
 1.65 
 93.62 
TRUZX
 2.07 
 121.19 
PAMCX
 2.93 
 138.57 
Vanguard
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Stock Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
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(Average Analysts Consensus)
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(90 Days Macroaxis Advice)
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Jensen Alpha
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Sortino Ratio
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Standard Deviation
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Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
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Downside Deviation
Semi Variance

Parnassus Fund Competition Performance Charts

Complement your Parnassus Fund position

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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Recreation
Recreation Theme
Companies involved in production and services of recreational goods, foods, and accessories. Recreation theme has 27 constituents.
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Please check Parnassus Fund Correlation with its peers. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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.