Parnassus Fund Inst Fund Price on December 27, 2019
| PFPRX Fund | USD 56.77 0.12 0.21% |
Below is the normalized historical share price chart for Parnassus Fund Inst 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 Fund stands at 56.77, as last reported on the 25th of April, with the highest price reaching 56.77 and the lowest price hitting 56.77 during the day.
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. We consider Parnassus Fund very steady. Parnassus Fund Inst maintains Sharpe Ratio (i.e., Efficiency) of 0.0343, which implies the entity had a 0.0343% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parnassus Fund Inst, which you can use to evaluate the volatility of the fund. Please check Parnassus Fund's Risk Adjusted Performance of 0.0258, semi deviation of 0.9402, and Coefficient Of Variation of 2798.64 to confirm if the risk estimate we provide is consistent with the expected return of 0.0337%.
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Parnassus |
Sharpe Ratio = 0.0343
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PFPRX |
Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Parnassus Fund is performing at about 2% of its full potential. 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 Fund by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Parnassus Fund Mutual Fund history
Parnassus Fund 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 Fund Inst 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 Fund stock prices may prove useful in developing a viable investing in Parnassus Fund
The fund normally invests at least 80 percent of its net assets in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the companys market capitalization grows or falls outside the ranges of the Russell Midcap Growth Index, which are subject to change. The fund may normally invest up to 20 percent of its net assets in smaller- and larger-capitalization companies.
Parnassus Fund Mutual Fund Technical Analysis
Parnassus Fund 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 Fund Period Price Range
Parnassus Fund April 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Fund 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 Fund shares will generate the highest return on investment. By undertsting and applying Parnassus Fund mutual fund market strength indicators, traders can identify Parnassus Fund Inst entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 56.77 | |||
| Day Typical Price | 56.77 | |||
| Price Action Indicator | 0.06 | |||
| Period Momentum Indicator | 0.12 | |||
| Relative Strength Index | 41.8 |
Parnassus Fund Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Fund'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 | 0.0258 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0184 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Fund Inst. 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 metropolitan statistical area. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.