Parnassus Mutual Fund Technical Analysis

PFPRX -  USA Fund  

USD 58.39  0.18  0.31%

As of the 16th of January 2022, Parnassus Fund holds the coefficient of variation of (338.70), and Risk Adjusted Performance of (0.21). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Fund, 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 interpolate data for nineteen technical drivers for Parnassus Fund -, which can be compared to its competitors. Please check Parnassus Fund - information ratio and downside variance to decide if Parnassus Fund - is priced some-what accurately, providing market reflects its current price of 58.39 per share.

Parnassus Technical Analysis 

 
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Parnassus Fund 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 Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Fund 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 Fund - Technical Analysis

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The output start index for this execution was five with a total number of output elements of twelve. The Normalized Average True Range is used to analyze tradable apportunities for Parnassus Fund - across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.

Parnassus Fund - Trend Analysis

Use this graph to draw trend lines for Parnassus Fund -. You can use it to identify possible trend reversals for Parnassus Fund 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 Fund price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Parnassus Fund Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parnassus Fund - applied against its price change over selected period. The best fit line has a slop of   -0.5  , which may suggest that Parnassus Fund - market price will keep on failing further. It has 34 observation points and a regression sum of squares at 203.32, which is the sum of squared deviations for the predicted Parnassus Fund price change compared to its average price change.

About Parnassus Fund 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 Fund - 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 Fund - based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Parnassus Fund - stock first instead of the macroeconomic environment surrounding Parnassus Fund -. By analyzing Parnassus Fund'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 Fund'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 Fund specific price patterns or momentum indicators. Please read more on our technical analysis page.

Parnassus Fund January 16, 2022 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.

Parnassus Fund January 16, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Parnassus stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. Note that the Parnassus Fund - information on this page should be used as a complementary analysis to other Parnassus Fund'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Parnassus Mutual Fund analysis

When running Parnassus Fund - 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 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 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.