Parnassus Fixed Income Fund Price on November 12, 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 Risk Adjusted Performance of (0.04), coefficient of variation of (3,895), and Variance of 0.0739 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.
Parnassus |
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 November 12, 2024
It is possible to determine the worth of Parnassus Fixed on a given historical date. On November 12, 2024 Parnassus was worth 14.76 at the beginning of the trading date compared to the closed value of 14.76. 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 | |
14.84 | 14.84 | 14.84 | 14.84 | 1.00 | |
11/12/2024 | 14.76 | 14.76 | 14.76 | 14.76 | 1.00 |
14.75 | 14.75 | 14.75 | 14.75 | 1.00 |
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Parnassus Fixed Trading Date Momentum on November 12, 2024
On November 13 2024 Parnassus Fixed Income was traded for 14.75 at the closing time. The highest daily price throughout the period was 14.75 and the lowest price was 14.75 . There was no trading activity during the period 1.0. Lack of trading volume on 11/13/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.07% . The trading delta at closing time to current closing price is 0.07% . |
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.
Price Boundaries
Parnassus Fixed Period Price Range
Low | November 27, 2024
| 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.
Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.06) | |||
Treynor Ratio | (0.34) |
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Pattern Recognition | ||
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Volume Indicators |
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.
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |