Parnassus Mid Cap Fund Price on April 1, 2024
| PFPMX Fund | USD 37.62 0.04 0.11% |
Below is the normalized historical share price chart for Parnassus Mid Cap extending back to April 30, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parnassus Mid stands at 37.62, as last reported on the 2nd of May, with the highest price reaching 37.62 and the lowest price hitting 37.62 during the day.
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. Parnassus Mid Cap maintains Sharpe Ratio (i.e., Efficiency) of -0.0048, which implies the entity had a -0.0048% return per unit of risk over the last 3 months. Parnassus Mid Cap exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parnassus Mid's Semi Deviation of 0.8151, risk adjusted performance of 0.0084, and Coefficient Of Variation of 10034.16 to confirm the risk estimate we provide.
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Parnassus |
Sharpe Ratio = -0.0048
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| Negative Returns | PFPMX |
Estimated Market Risk
| 0.79 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Parnassus Mid is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parnassus Mid by adding Parnassus Mid to a well-diversified portfolio.
Parnassus Mid Valuation on April 1, 2024
It is possible to determine the worth of Parnassus Mid on a given historical date. On April 1, 2024 Parnassus was worth 40.21 at the beginning of the trading date compared to the closed value of 40.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Mid mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Mid's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parnassus Mid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Mid's related companies.
| Open | High | Low | Close | Volume | |
| 40.57 | 40.57 | 40.57 | 40.57 | 1.00 | |
04/01/2024 | 40.21 | 40.21 | 40.21 | 40.21 | 1.00 |
| 39.92 | 39.92 | 39.92 | 39.92 | 1.00 |
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Parnassus Mid Trading Date Momentum on April 1, 2024
| On April 02 2024 Parnassus Mid Cap was traded for 39.92 at the closing time. The highest daily price throughout the period was 39.92 and the lowest price was 39.92 . There was no trading activity during the period 1.0. Lack of trading volume on 04/02/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.72% . The trading delta at closing time to current closing price is 2.01% . |
Parnassus Mid Cap Fundamentals Correlations and Trends
By evaluating Parnassus Mid's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parnassus Mid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parnassus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parnassus Mid Mutual Fund history
Parnassus Mid investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parnassus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parnassus Mid Cap will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parnassus Mid stock prices may prove useful in developing a viable investing in Parnassus Mid
The fund normally invests at least 80 percent of its net assets in mid-sized companies. The funds managers consider a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap Index measured at the time of purchase. The Russell Midcap Index includes approximately 800 of the smallest companies in the Russell 1000 Index. The fund may normally invest up to 20 percent of its net assets in smaller- and larger-capitalization companies.
Parnassus Mid Mutual Fund Technical Analysis
Parnassus Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Parnassus Mid Period Price Range
Low | April 1, 2024
| High |
40.21 | 40.21 |
Parnassus Mid May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Mid mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parnassus Mid shares will generate the highest return on investment. By undertsting and applying Parnassus Mid mutual fund market strength indicators, traders can identify Parnassus Mid Cap entry and exit signals to maximize returns
Parnassus Mid Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Mid's price direction in advance. Along with the technical and fundamental analysis of Parnassus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parnassus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Mid Cap. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..