Parnassus Mutual Fund Analysis


USD 48.85  0.89  1.79%   

The modest gains experienced by current holders of Parnassus Equity may encourage investors to take a closer look at the fund as it is trading at a share price of 48.85 on slow start in trading volume. The fund administrators and managers have been quite successful in maneuvering the fund at opportune times to take advantage of all market conditions in November. The fund standard deviation of daily returns for 90 days investing horizon is currently 2.28. The current volatility is consistent with the ongoing market swings in November 2022 as well as with Parnassus Equity unsystematic, company-specific events.
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The Parnassus Equity mutual fund analysis report makes it easy to digest most publicly released information about Parnassus Equity and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Parnassus Mutual Fund analysis module also helps to analyze the Parnassus Equity price relationship with some important fundamental indicators such as market cap and management efficiency.

Parnassus Mutual Fund Analysis Notes

The fund generated five year return of 10.0%. Parnassus Equity Incme maintains 98.73% of assets in stocks. This fund last dividend was 0.09 per share. The fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80% of its net assets in equity securities. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends. To find out more about Parnassus Equity Incme contact the company at 800-999-3505.

Parnassus Equity Incme Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more funds at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Parnassus Equity's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Parnassus Equity Incme or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
On 17th of November 2022 Parnassus Equity paid $ 4.5217 per share dividend to its current shareholders
The fund maintains 98.73% of its assets in stocks

Management Efficiency

Parnassus Equity management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 5th of December, Parnassus Equity holds the Coefficient Of Variation of 2566.36, semi deviation of 1.99, and Risk Adjusted Performance of 0.0609. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Equity, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Parnassus Equity Incme, which can be compared to its competitors. Please check Parnassus Equity Incme information ratio and downside variance to decide if Parnassus Equity Incme is priced some-what accurately, providing market reflects its current price of 48.85 per share.

Parnassus Equity Incme Price Movement Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Parnassus Equity middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Parnassus Equity Incme. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Parnassus Equity Predictive Daily Indicators

Parnassus Equity intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Parnassus Equity mutual fund daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Parnassus Equity Forecast Models

Parnassus Equity time-series forecasting models is one of many Parnassus Equity's mutual fund analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Parnassus Equity's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Parnassus Mutual Fund Analysis

Mutual Fund analysis is the technique used by a trader or investor to examine and evaluate how Parnassus Equity prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Parnassus shares will generate the highest return on investment. We also built our fund analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Fund such as Parnassus Equity. By using and applying Parnassus Mutual Fund analysis, traders can create a robust methodology for identifying Parnassus entry and exit points for their positions.
The funds objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Parnassus Core is traded on NASDAQ Exchange in the United States.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our mutual fund analysis tools, you can find out how much better you can do when adding Parnassus Equity to your portfolios without increasing risk or reducing expected return.

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When running Parnassus Equity Incme price analysis, check to measure Parnassus Equity'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 Equity is operating at the current time. Most of Parnassus Equity's value examination focuses on studying past and present price action to predict the probability of Parnassus Equity's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parnassus Equity's price. Additionally, you may evaluate how the addition of Parnassus Equity to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Parnassus Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine Parnassus Equity value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Equity'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.