Parnassus Core Select Etf Market Value
| PRCS Etf | 27.54 0.03 0.11% |
| Symbol | Parnassus |
The market value of Parnassus Core Select is measured differently than its book value, which is the value of Parnassus that is recorded on the company's balance sheet. Investors also form their own opinion of Parnassus Core's value that differs from its market value or its book value, called intrinsic value, which is Parnassus Core's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parnassus Core's market value can be influenced by many factors that don't directly affect Parnassus Core's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parnassus Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parnassus Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Core's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Parnassus Core 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Parnassus Core's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Parnassus Core.
| 10/25/2025 |
| 01/23/2026 |
If you would invest 0.00 in Parnassus Core on October 25, 2025 and sell it all today you would earn a total of 0.00 from holding Parnassus Core Select or generate 0.0% return on investment in Parnassus Core over 90 days. Parnassus Core is related to or competes with FT Vest, Northern Lights, Diamond Hill, Dimensional International, Tidal Trust, First Trust, and EA Series. Parnassus Core is entity of United States More
Parnassus Core Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Parnassus Core's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Parnassus Core Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7779 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.29 |
Parnassus Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Parnassus Core's standard deviation. In reality, there are many statistical measures that can use Parnassus Core historical prices to predict the future Parnassus Core's volatility.| Risk Adjusted Performance | 0.0865 | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0967 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parnassus Core's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Parnassus Core January 23, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0865 | |||
| Market Risk Adjusted Performance | 0.1067 | |||
| Mean Deviation | 0.5702 | |||
| Semi Deviation | 0.6199 | |||
| Downside Deviation | 0.7779 | |||
| Coefficient Of Variation | 853.66 | |||
| Standard Deviation | 0.7376 | |||
| Variance | 0.5441 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0967 | |||
| Maximum Drawdown | 3.31 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.29 | |||
| Downside Variance | 0.6052 | |||
| Semi Variance | 0.3842 | |||
| Expected Short fall | (0.56) | |||
| Skewness | (0.12) | |||
| Kurtosis | (0.07) |
Parnassus Core Select Backtested Returns
Currently, Parnassus Core Select is very steady. Parnassus Core Select maintains Sharpe Ratio (i.e., Efficiency) of 0.0514, which implies the entity had a 0.0514 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Parnassus Core Select, which you can use to evaluate the volatility of the etf. Please check Parnassus Core's Coefficient Of Variation of 853.66, risk adjusted performance of 0.0865, and Semi Deviation of 0.6199 to confirm if the risk estimate we provide is consistent with the expected return of 0.0382%. The etf holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parnassus Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parnassus Core is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
Parnassus Core Select has very weak predictability. Overlapping area represents the amount of predictability between Parnassus Core time series from 25th of October 2025 to 9th of December 2025 and 9th of December 2025 to 23rd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Parnassus Core Select price movement. The serial correlation of 0.19 indicates that over 19.0% of current Parnassus Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Thematic Opportunities
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Check out Parnassus Core Correlation, Parnassus Core Volatility and Parnassus Core Alpha and Beta module to complement your research on Parnassus Core. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Parnassus Core technical etf 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, etf market cycles, or different charting patterns.