Parnassus Mutual Fund Manager Performance Evaluation

The fund holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what Parnassus's beta means in this case. the returns on MARKET and Parnassus Fixed are completely uncorrelated. Although it is extremely important to respect Parnassus Fixed Income current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Parnassus Fixed Income technical indicators, you can presently evaluate if the expected return of 0.0% will be sustainable into the future.

Parnassus Mutual Fund Performance 

 
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 Parnassus Performance
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Over the last 90 days Parnassus Fixed Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong essential indicators, Parnassus Fixed is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low17.12
Fifty Two Week High18.10
Annual Report Expense Ratio0.45%

Parnassus Fixed Relative Risk vs. Return Landscape

If you would invest (100.00)  in Parnassus Fixed Income on July 27, 2021 and sell it today you would earn a total of  100.00  from holding Parnassus Fixed Income or generate -100.0% return on investment over 90 days. Parnassus Fixed Income is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Parnassus, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Parnassus Fixed Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Fixed's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Fixed Income, and traders can use it to determine the average amount a Parnassus Fixed's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0

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Based on monthly moving average Parnassus Fixed is performing at about 0% 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 Fixed by adding it to a well-diversified portfolio.

Things to note about Parnassus Fixed Income

Checking the ongoing alerts about Parnassus Fixed for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parnassus Fixed Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Parnassus Fixed Alerts

Equity Alerts and Improvement Suggestions

Parnassus Fixed is not yet fully synchronised with the market data
Parnassus Fixed has some characteristics of a very speculative penny stock
Parnassus Fixed is unlikely to experience financial distress in the next 2 years
The fund maintains about 5.34% of its assets in cash
Check out Your Equity Center. Note that the Parnassus Fixed Income information on this page should be used as a complementary analysis to other Parnassus Fixed'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for Parnassus Mutual Fund

When running Parnassus Fixed Income price analysis, check to measure Parnassus Fixed'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 Fixed is operating at the current time. Most of Parnassus Fixed's value examination focuses on studying past and present price action to predict the probability of Parnassus Fixed's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parnassus Fixed's price. Additionally, you may evaluate how the addition of Parnassus Fixed to your portfolios can decrease your overall portfolio volatility.
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