Parnassus Mid Financials
| PARMX Fund | USD 44.65 0.06 0.13% |
Parnassus |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Parnassus Mid Fund Summary
Parnassus Mid competes with Parnassus Endeavor, Parnassus Core, International Fund, Parnassus Fund, and T Rowe. The fund normally invests at least 80 percent of its net assets in mid-sized companies. The funds managers consider a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap Index measured at the time of purchase. The Russell Midcap Index includes approximately 800 of the smallest companies in the Russell 1000 Index. The fund may normally invest up to 20 percent of its net assets in smaller- and larger-capitalization companies.Specialization | Mid-Cap Blend, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7017658854 |
| Business Address | PARNASSUS FUNDS |
| Mutual Fund Family | Parnassus |
| Mutual Fund Category | Mid-Cap Blend |
| Benchmark | Dow Jones Industrial |
| Phone | 800 999 3505 |
| Currency | USD - US Dollar |
Parnassus Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Mid's current stock value. Our valuation model uses many indicators to compare Parnassus Mid value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Mid competition to find correlations between indicators driving Parnassus Mid's intrinsic value. More Info.Parnassus Mid Cap is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Parnassus Mid Cap is roughly 7.56 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parnassus Mid's earnings, one of the primary drivers of an investment's value.Parnassus Mid Cap Systematic Risk
Parnassus Mid's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Mid volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Parnassus Mid Cap correlated with the market. If Beta is less than 0 Parnassus Mid generally moves in the opposite direction as compared to the market. If Parnassus Mid Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Mid Cap is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Mid is generally in the same direction as the market. If Beta > 1 Parnassus Mid moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Mid November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Mid help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Mid Cap. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Mid Cap based on widely used predictive technical indicators. In general, we focus on analyzing Parnassus Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parnassus Mid's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.7026 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.41 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Mid financial ratios help investors to determine whether Parnassus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parnassus with respect to the benefits of owning Parnassus Mid security.
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