Parnassus Funds Fund Price on September 27, 2024
| PFPGX Fund | 27.23 0.24 0.89% |
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Parnassus Funds stands at 27.23, as last reported on the 27th of November, with the highest price reaching 27.23 and the lowest price hitting 27.23 during the day. At this stage we consider Parnassus Mutual Fund to be very steady. Parnassus Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Parnassus Funds, which you can use to evaluate the volatility of the fund. Please check Parnassus Funds' Risk Adjusted Performance of 0.0846, coefficient of variation of 927.68, and Semi Deviation of 1.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Parnassus |
Sharpe Ratio = 0.1273
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Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Parnassus Funds is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parnassus Funds by adding it to a well-diversified portfolio.
Parnassus Funds Valuation on September 27, 2024
It is possible to determine the worth of Parnassus Funds on a given historical date. On September 27, 2024 Parnassus was worth 25.78 at the beginning of the trading date compared to the closed value of 25.78. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Funds mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Funds' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parnassus Funds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Funds' related companies.
| Open | High | Low | Close | Volume | |
| 25.97 | 25.97 | 25.97 | 25.97 | 1.00 | |
09/27/2024 | 25.78 | 25.78 | 25.78 | 25.78 | 1.00 |
| 25.83 | 25.83 | 25.83 | 25.83 | 1.00 |
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Parnassus Funds Trading Date Momentum on September 27, 2024
| On September 30 2024 Parnassus Funds was traded for 25.83 at the closing time. The highest daily price throughout the period was 25.83 and the lowest price was 25.83 . There was no trading activity during the period 1.0. Lack of trading volume on 09/30/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.19% . The trading delta at closing time to current closing price is 0.85% . |
About Parnassus Funds Mutual Fund history
Parnassus Funds investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parnassus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parnassus Funds will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parnassus Funds stock prices may prove useful in developing a viable investing in Parnassus Funds
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.
Parnassus Funds Mutual Fund Technical Analysis
Parnassus Funds 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, fund market cycles, or different charting patterns.
Price Boundaries
Parnassus Funds Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Parnassus Funds cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Parnassus Funds November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Funds mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parnassus Funds shares will generate the highest return on investment. By undertsting and applying Parnassus Funds mutual fund market strength indicators, traders can identify Parnassus Funds entry and exit signals to maximize returns
Parnassus Funds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Funds' price direction in advance. Along with the technical and fundamental analysis of Parnassus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parnassus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 0.0847 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.9977 |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
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.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |