Parnassus Mutual Fund Technical Analysis

PFPMX -  USA Fund  

USD 45.72  0.03  0.07%

As of the 27th of October, Parnassus Mid holds the Coefficient Of Variation of 3542.88, risk adjusted performance of 0.0193, and Semi Deviation of 0.7098. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Mid, 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 have collected data for nineteen technical drivers for Parnassus Mid Cap, which can be compared to its competitors. Please check Parnassus Mid Cap information ratio and downside variance to decide if Parnassus Mid Cap is priced some-what accurately, providing market reflects its current price of 45.72 per share.

Parnassus Technical Analysis 

Parnassus Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Parnassus Mid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Mid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Parnassus Mid Cap Technical 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 Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Parnassus Mid Cap volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Parnassus Mid Cap Trend Analysis

Use this graph to draw trend lines for Parnassus Mid Cap. You can use it to identify possible trend reversals for Parnassus Mid as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parnassus Mid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Parnassus Mid Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parnassus Mid Cap applied against its price change over selected period. The best fit line has a slop of   -0.02  , which may suggest that Parnassus Mid Cap market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22.56, which is the sum of squared deviations for the predicted Parnassus Mid price change compared to its average price change.

About Parnassus Mid Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Parnassus Mid Cap on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Parnassus Mid Cap based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Parnassus Mid Cap stock first instead of the macroeconomic environment surrounding Parnassus Mid Cap. By analyzing Parnassus Mid's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Parnassus Mid's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Parnassus Mid specific price patterns or momentum indicators. Please read more on our technical analysis page.

Parnassus Mid October 27, 2021 Technical Indicators

Most technical analysis of Parnassus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Parnassus from various momentum indicators to cycle indicators. When you analyze Parnassus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Please check Your Equity Center. Note that the Parnassus Mid Cap information on this page should be used as a complementary analysis to other Parnassus Mid'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Parnassus Mutual Fund analysis

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