Parnassus Funds Financials
| PFPGX Fund | 26.89 0.03 0.11% |
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 Funds Fund Summary
Parnassus Funds competes with Mfs Technology, Science Technology, Global Technology, Firsthand Technology, and Janus Global. The fund normally invests at least 80 percent of its net assets in equity securities of large-sized growth companies. Equity securities include common stocks, depositary receipts, and interests in real estate investment trusts. The fund may normally invest up to 20 percent of its net assets in small- and mid- capitalization companies.Specialization | Large Growth, Large Growth |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Mutual Fund Family | Parnassus |
| Mutual Fund Category | Large Growth |
| Benchmark | Dow Jones Industrial |
Parnassus Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Funds's current stock value. Our valuation model uses many indicators to compare Parnassus Funds value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Funds competition to find correlations between indicators driving Parnassus Funds's intrinsic value. More Info.Parnassus Funds is rated top fund in annual yield among similar funds. It also is rated top fund in net asset among similar funds making up about 2,024,788,800 of Net Asset per Annual Yield. 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 Funds' earnings, one of the primary drivers of an investment's value.Parnassus Funds Systematic Risk
Parnassus Funds' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Funds 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 output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Parnassus Funds correlated with the market. If Beta is less than 0 Parnassus Funds generally moves in the opposite direction as compared to the market. If Parnassus Funds Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Funds is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Funds is generally in the same direction as the market. If Beta > 1 Parnassus Funds moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Funds November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Funds help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Funds . We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Funds 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 Funds's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.53 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Funds 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 Funds security.
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