Parnassus Core Select Etf Performance
The etf holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Parnassus Core are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days Parnassus Core Select has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental indicators, Parnassus Core is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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Parnassus Core Relative Risk vs. Return Landscape
If you would invest 2,603 in Parnassus Core Select on September 27, 2025 and sell it today you would earn a total of 106.00 from holding Parnassus Core Select or generate 4.07% return on investment over 90 days. Parnassus Core Select is currently generating 0.066% in daily expected returns and assumes 0.7261% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Parnassus, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Parnassus Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Parnassus Core Select, and traders can use it to determine the average amount a Parnassus Core's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0909
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Based on monthly moving average Parnassus Core is performing at about 7% 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 Core by adding it to a well-diversified portfolio.
About Parnassus Core Performance
Assessing Parnassus Core's fundamental ratios provides investors with valuable insights into Parnassus Core's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Parnassus Core is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.