Parnassus Fixed Income Fund Q3 2024 Commentary - Seeking Alpha
| PFPGX Fund | 26.22 0.16 0.61% |
Slightly above 53% of Parnassus Funds' investor base is interested to short. The analysis of overall sentiment of trading Parnassus Funds mutual fund suggests that many investors are impartial at this time. Parnassus Funds' investing sentiment can be driven by a variety of factors including economic data, Parnassus Funds' earnings reports, geopolitical events, and overall market trends.
Parnassus |
Parnassus Fixed Income Fund Q3 2024 Commentary Seeking Alpha
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Parnassus Funds Fundamental Analysis
We analyze Parnassus Funds' 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Parnassus Funds is rated below average in probability of bankruptcy among similar funds. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Parnassus Funds Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parnassus Funds mutual fund to make a market-neutral strategy. 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 with similar companies.
Peers
Parnassus Funds Related Equities
| PRILX | Parnassus Equity | 0.85 | ||||
| PRBLX | Parnassus Core | 0.85 | ||||
| PARMX | Parnassus Mid | 0.81 | ||||
| PFPMX | Parnassus Mid | 0.80 | ||||
| PFPWX | Parnassus Endeavor | 0.80 | ||||
| PFGEX | Parnassus Funds | 0.62 | ||||
| PFPGX | Parnassus Funds | 0.61 | ||||
| PFPRX | Parnassus Fund | 0.60 | ||||
| PFPLX | Parnassus Fixed | 0.00 |
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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