Parnassus Fund Inst Fund Manager Performance Evaluation

PFPRX Fund  USD 58.89  0.32  0.55%   
The fund holds a Beta of 1.2, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parnassus Fund will likely underperform. Although it is important to respect Parnassus Fund Inst current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns.

Risk-Adjusted Performance

18 of 100

 
Low
 
High
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Fund Inst are ranked lower than 18 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Parnassus Fund showed solid returns over the last few months and may actually be approaching a breakup point.
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Expense Ratio Date1st of May 2023
Expense Ratio0.6800
  

Parnassus Fund Relative Risk vs. Return Landscape

If you would invest  5,141  in Parnassus Fund Inst on November 28, 2023 and sell it today you would earn a total of  748.00  from holding Parnassus Fund Inst or generate 14.55% return on investment over 90 days. Parnassus Fund Inst is currently producing 0.2275% returns and takes up 0.9677% volatility of returns over 90 trading days. Put another way, 8% of traded mutual funds are less volatile than Parnassus, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Parnassus Fund is expected to generate 1.49 times more return on investment than the market. However, the company is 1.49 times more volatile than its market benchmark. It trades about 0.24 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.26 per unit of risk.

Parnassus Fund Current Valuation

Fairly Valued
Today
58.89
Please note that Parnassus Fund's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Parnassus Fund Inst holds a recent Real Value of $59.38 per share. The prevailing price of the fund is $58.89. We determine the value of Parnassus Fund Inst from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Our valuation method for Parnassus Fund Inst is useful when determining the fair value of the Parnassus mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Parnassus Fund. Since Parnassus Fund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Parnassus Mutual Fund. However, Parnassus Fund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  58.89 Real  59.38 Hype  58.89 Naive  58.25
The real value of a stock, also known as the intrinsic value, is the underlying worth of a company that is reflected in its stock price. It is based on the company's financial performance, assets, liabilities, growth prospects, management team, industry conditions, and other relevant factors. The real value of a stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, price-to-book ratio, and other valuation metrics. The real value of a stock may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence the stock's price. It is important to note that the real value of a stock is not a fixed number and may change over time based on changes in the company's performance and other relevant factors.
59.38
Real Value
60.35
Upside
Estimating the potential upside or downside of Parnassus Fund Inst helps investors to forecast how Parnassus mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Parnassus Fund more accurately as focusing exclusively on Parnassus Fund's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
53.1455.9158.68
Details
Hype
Prediction
LowEstimatedHigh
57.9258.8959.86
Details
Potential
Annual Dividend
LowForecastedHigh
0.170.170.17
Details

Parnassus Fund Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Fund Inst, and traders can use it to determine the average amount a Parnassus Fund'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 = 0.2351

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Estimated Market Risk

 0.97
  actual daily
8
92% of assets are more volatile

Expected Return

 0.23
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.24
  actual daily
18
82% of assets perform better
Based on monthly moving average Parnassus Fund is performing at about 18% 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.

Parnassus Fund Fundamentals Growth

Parnassus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Parnassus Fund, and Parnassus Fund fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Parnassus Mutual Fund performance.

About Parnassus Fund Performance

To evaluate Parnassus Fund Inst Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Parnassus Fund generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Parnassus Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Parnassus Fund Inst market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Parnassus's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Parnassus Fund Inst performance evaluation

Checking the ongoing alerts about Parnassus Fund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Parnassus Fund Inst help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund maintains 98.43% of its assets in stocks
Evaluating Parnassus Fund's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Parnassus Fund's mutual fund performance include:
  • Analyzing Parnassus Fund's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Parnassus Fund's stock is overvalued or undervalued compared to its peers.
  • Examining Parnassus Fund's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Parnassus Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parnassus Fund's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Parnassus Fund's mutual fund. These opinions can provide insight into Parnassus Fund's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Parnassus Fund's mutual fund performance is not an exact science, and many factors can impact Parnassus Fund's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Parnassus Mutual Fund analysis

When running Parnassus Fund's 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 the 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 if Parnassus Fund is a good investment 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.