Parnassus Fixed Income Fund Price on October 2, 2024

PFPLX Fund  USD 14.86  0.02  0.13%   
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 Fixed stands at 14.86, as last reported on the 27th of November, with the highest price reaching 14.86 and the lowest price hitting 14.86 during the day. Parnassus Fixed Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0257, which implies the entity had a -0.0257% return per unit of risk over the last 3 months. Parnassus Fixed Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parnassus Fixed's Variance of 0.0739, risk adjusted performance of (0.04), and Coefficient Of Variation of (3,895) to confirm the risk estimate we provide.
  
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0257

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Estimated Market Risk

 0.27
  actual daily
2
98% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average Parnassus Fixed is not performing at its full potential. However, 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 Fixed by adding Parnassus Fixed to a well-diversified portfolio.

Parnassus Fixed Valuation on October 2, 2024

It is possible to determine the worth of Parnassus Fixed on a given historical date. On October 2, 2024 Parnassus was worth 15.13 at the beginning of the trading date compared to the closed value of 15.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Fixed mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Fixed's 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 Fixed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Fixed's related companies.
 Open High Low Close Volume
  15.16    15.16    15.16    15.16    1.00  
10/02/2024
  15.13    15.13    15.13    15.13    1.00  
  15.09    15.09    15.09    15.09    1.00  
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Open Value
15.13
15.13
Closing Value
15.95
Upside

Parnassus Fixed Trading Date Momentum on October 2, 2024

On October 03 2024 Parnassus Fixed Income was traded for  15.09  at the closing time. The highest daily price throughout the period was 15.09  and the lowest price was  15.09 . There was no trading activity during the period 1.0. Lack of trading volume on 10/03/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.26% . The trading delta at closing time to current closing price is 1.39% .

Parnassus Fixed Income Fundamentals Correlations and Trends

By evaluating Parnassus Fixed's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parnassus Fixed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parnassus financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Parnassus Fixed Mutual Fund history

Parnassus Fixed 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 Fixed Income 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 Fixed stock prices may prove useful in developing a viable investing in Parnassus Fixed
The fund normally invests at least 80 percent of its net assets in a diversified portfolio of bonds and other fixed income instruments. Parnassus Fixed is traded on NASDAQ Exchange in the United States.

Parnassus Fixed Mutual Fund Technical Analysis

Parnassus Fixed 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.
A focus of Parnassus Fixed technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Fixed 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...

Price Boundaries

Parnassus Fixed Period Price Range

Low
November 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Parnassus Fixed Income 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 Fixed November 27, 2024 Market Strength

Market strength indicators help investors to evaluate how Parnassus Fixed 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 Fixed shares will generate the highest return on investment. By undertsting and applying Parnassus Fixed mutual fund market strength indicators, traders can identify Parnassus Fixed Income entry and exit signals to maximize returns

Parnassus Fixed Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Parnassus Fixed's 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.

Other Information on Investing in Parnassus Mutual Fund

Parnassus Fixed 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 Fixed security.
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