Parnassus Funds Fund Fundamentals
| PFPGX Fund | 27.23 0.24 0.89% |
Parnassus Funds fundamentals help investors to digest information that contributes to Parnassus Funds' financial success or failures. It also enables traders to predict the movement of Parnassus Mutual Fund. The fundamental analysis module provides a way to measure Parnassus Funds' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parnassus Funds mutual fund.
Parnassus |
Parnassus Funds Mutual Fund Annual Yield Analysis
Parnassus Funds' Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Current Parnassus Funds Annual Yield | 0.01 % |
Most of Parnassus Funds' fundamental indicators, such as Annual Yield, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parnassus Funds is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Small firms, start-ups, or companies with high growth potential typically do not pay out dividends or distribute a lot of their profits. These companies will have small yield. Alternatively, more established companies, ETFs, and funds that invest in bonds will have higher yields.
| Competition |
In accordance with the recently published financial statements, Parnassus Funds has an Annual Yield of 0.015%. This is much higher than that of the Parnassus family and significantly higher than that of the Large Growth category. The annual yield for all United States funds is notably lower than that of the firm.
Parnassus Funds Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Funds's current stock value. Our valuation model uses many indicators to compare Parnassus Funds value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Funds competition to find correlations between indicators driving Parnassus Funds's intrinsic value. More Info.Parnassus Funds is rated top fund in annual yield among similar funds. It also is rated top fund in net asset among similar funds making up about 2,024,788,800 of Net Asset per Annual Yield. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parnassus Funds' earnings, one of the primary drivers of an investment's value.Parnassus Annual Yield Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parnassus Funds' direct or indirect competition against its Annual Yield to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Parnassus Funds could also be used in its relative valuation, which is a method of valuing Parnassus Funds by comparing valuation metrics of similar companies.Parnassus Funds is currently under evaluation in annual yield among similar funds.
Parnassus Fundamentals
| Annual Yield | 0.01 % | ||||
| Net Asset | 30.37 M |
About Parnassus Funds Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parnassus Funds 's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parnassus Funds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parnassus Funds based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund normally invests at least 80 percent of its net assets in equity securities of large-sized growth companies. Equity securities include common stocks, depositary receipts, and interests in real estate investment trusts. The fund may normally invest up to 20 percent of its net assets in small- and mid- capitalization companies.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Parnassus Mutual Fund
Parnassus Funds 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 Funds security.
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