Parnassus Equity Incme Fund Price on November 1, 2024
| PRILX Fund | USD 67.66 0.45 0.67% |
Below is the normalized historical share price chart for Parnassus Equity Incme extending back to April 28, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parnassus Equity stands at 67.66, as last reported on the 27th of November, with the highest price reaching 67.66 and the lowest price hitting 67.66 during the day.
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Parnassus Mutual Fund to be very steady. Parnassus Equity Incme maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parnassus Equity Incme, which you can use to evaluate the volatility of the fund. Please check Parnassus Equity's Semi Deviation of 0.6812, risk adjusted performance of 0.0987, and Coefficient Of Variation of 772.2 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Parnassus |
Sharpe Ratio = 0.1427
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | PRILX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Parnassus Equity is performing at about 11% 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 Equity by adding it to a well-diversified portfolio.
Parnassus Equity Valuation on November 1, 2024
It is possible to determine the worth of Parnassus Equity on a given historical date. On November 1, 2024 Parnassus was worth 64.46 at the beginning of the trading date compared to the closed value of 64.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Equity mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Equity'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 Equity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Equity's related companies.
| Open | High | Low | Close | Volume | |
| 63.98 | 63.98 | 63.98 | 63.98 | 1.00 | |
11/01/2024 | 64.46 | 64.46 | 64.46 | 64.46 | 1.00 |
| 64.50 | 64.50 | 64.50 | 64.50 | 1.00 |
| Backtest Parnassus Equity | | | Parnassus Equity History | | | Parnassus Equity Valuation | Previous | Next |
Parnassus Equity Trading Date Momentum on November 1, 2024
| On November 04 2024 Parnassus Equity Incme was traded for 64.50 at the closing time. The highest daily price throughout the period was 64.50 and the lowest price was 64.50 . There was no trading activity during the period 1.0. Lack of trading volume on 11/04/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.06% . The trading delta at closing time to current closing price is 4.45% . |
Parnassus Equity Incme Fundamentals Correlations and Trends
By evaluating Parnassus Equity'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 Equity'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 Equity Mutual Fund history
Parnassus Equity 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 Equity Incme 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 Equity stock prices may prove useful in developing a viable investing in Parnassus Equity
The funds objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80 percent of its net assets in equity securities. At least 65 percent of the funds total assets will normally be invested in equity securities that pay interest or dividends.
Parnassus Equity Mutual Fund Technical Analysis
Parnassus Equity 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 Equity Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Parnassus Equity Incme 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 Equity November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Equity 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 Equity shares will generate the highest return on investment. By undertsting and applying Parnassus Equity mutual fund market strength indicators, traders can identify Parnassus Equity Incme entry and exit signals to maximize returns
Parnassus Equity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Equity'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 | 0.0987 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.118 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Equity 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 Equity security.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |