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.
18 of 100
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....more
|Expense Ratio Date
|1st of May 2023
Parnassus Fund Relative Risk vs. Return LandscapeIf 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. 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
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.
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
Things to note about Parnassus Fund Inst performance evaluationChecking 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. 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.
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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