Parnassus Equity Incme Fund Manager Performance Evaluation
| PRILX Fund | USD 67.66 0.45 0.67% |
The fund holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parnassus Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parnassus Equity is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Equity Incme are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Parnassus Equity may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more1 | Parnassus Core Equity Fund Q3 2024 Commentary - Seeking Alpha | 10/29/2024 |
| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 0.6100 |
Parnassus |
Parnassus Equity Relative Risk vs. Return Landscape
If you would invest 6,332 in Parnassus Equity Incme on August 29, 2024 and sell it today you would earn a total of 434.00 from holding Parnassus Equity Incme or generate 6.85% return on investment over 90 days. Parnassus Equity Incme is currently producing 0.1081% returns and takes up 0.7515% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Parnassus, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Parnassus Equity Current Valuation
Fairly Valued
Today
Please note that Parnassus Equity's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Parnassus Equity Incme holds a recent Real Value of $66.93 per share. The prevailing price of the fund is $67.66. We determine the value of Parnassus Equity Incme from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we support acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Parnassus Equity is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Parnassus Mutual Fund. However, Parnassus Equity's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 67.66 | Real 66.93 | Hype 67.68 | Naive 67.54 |
The intrinsic value of Parnassus Equity's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Parnassus Equity's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Parnassus Equity Incme helps investors to forecast how Parnassus mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Parnassus Equity more accurately as focusing exclusively on Parnassus Equity's fundamentals will not take into account other important factors: Parnassus Equity Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Equity's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Equity Incme, and traders can use it to determine the average amount a Parnassus Equity'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 = 0.1438
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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 Fundamentals Growth
Parnassus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Parnassus Equity, and Parnassus Equity fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Parnassus Mutual Fund performance.
| Price To Earning | 18.70 X | ||||
| Price To Book | 2.60 X | ||||
| Price To Sales | 1.91 X | ||||
| Total Asset | 14.47 B | ||||
About Parnassus Equity Performance
Evaluating Parnassus Equity's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Parnassus Equity has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Parnassus Equity has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Parnassus Equity Incme performance evaluation
Checking the ongoing alerts about Parnassus Equity for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Parnassus Equity Incme help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Parnassus Equity's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Parnassus Equity's mutual fund performance include:- Analyzing Parnassus Equity's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Parnassus Equity's stock is overvalued or undervalued compared to its peers.
- Examining Parnassus Equity's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Parnassus Equity's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parnassus Equity's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Parnassus Equity's mutual fund. These opinions can provide insight into Parnassus Equity's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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