Parnassus Mutual Fund Manager Performance Evaluation

The fund holds a Beta of 1.3282, which implies a somewhat significant risk relative to the market. Let's try to break down what Parnassus's beta means in this case. 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 - current trending patterns, it is better to be realistic regarding the information on the equity's 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 Fund - technical indicators, you can presently evaluate if the expected return of 0.0165% will be sustainable into the future.
  
Parnassus Performance
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Over the last 90 days Parnassus Fund - has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Parnassus Fund is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fifty Two Week Low40.57
Fifty Two Week High70.84

Parnassus Fund Relative Risk vs. Return Landscape

If you would invest  4,250  in Parnassus Fund - on June 30, 2022 and sell it today you would earn a total of  4.00  from holding Parnassus Fund - or generate 0.09% return on investment over 90 days. Parnassus Fund - is currently producing 0.0165% returns and takes up 1.7451% volatility of returns over 90 trading days. Put another way, 15% 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.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Parnassus Fund is expected to generate 1.55 times more return on investment than the market. However, the company is 1.55 times more volatile than its market benchmark. It trades about 0.01 of its potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of risk.

Parnassus Fund Current Valuation

Undervalued
Today 42.54
Please note that Parnassus Fund's price fluctuation is somewhat reliable at this time.
Parnassus Fund - holds a recent Real Value of $5.88 per share. The prevailing price of the fund is $42.54. At this time, the fund appears to be undervalued. We determine the value of Parnassus Fund - 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 - 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.
5.88
Real Value
7.63
Upside
Estimating the potential upside or downside of Parnassus Fund - 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
40.8644.6948.52
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Hype
Prediction
LowEstimated ValueHigh
0.000.001.75
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Potential
Annual Dividend
LowIncome Per ShareHigh
1.301.381.45
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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 -, 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 = 0.0094

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Estimated Market Risk
 1.75
  actual daily
 
 15 %
of total potential
 
1515
Expected Return
 0.02
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00
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Based on monthly moving average Parnassus Fund 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 Fund by adding it to a well-diversified portfolio.

About Parnassus Fund Performance

To evaluate Parnassus Fund - 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 - 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. Parnassus Fund is traded on NASDAQ Exchange in the United States.

Things to note about Parnassus Fund -

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 - help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Parnassus Fund Alerts

Equity Alerts and Improvement Suggestions

Parnassus Fund - is unlikely to experience financial distress in the next 2 years
The fund maintains 98.71% of its assets in stocks
Please check Your Equity Center. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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 Parnassus Fund value 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.