Parnassus Core Select Etf Market Value
| PRCS Etf | 26.43 0.22 0.84% |
| Symbol | Parnassus |
Understanding Parnassus Core Select requires distinguishing between market price and book value, where the latter reflects Parnassus's accounting equity. The concept of intrinsic value - what Parnassus Core's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Market sentiment, economic cycles, and investor behavior can push Parnassus Core's price substantially above or below its fundamental value.
It's important to distinguish between Parnassus Core's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Parnassus Core should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Parnassus Core's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
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.
| 11/17/2025 |
| 02/15/2026 |
If you would invest 0.00 in Parnassus Core on November 17, 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.19 |
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) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.02) |
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 February 15, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 0.6067 | |||
| Coefficient Of Variation | (24,963) | |||
| Standard Deviation | 0.794 | |||
| Variance | 0.6305 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.19 | |||
| Skewness | (0.43) | |||
| Kurtosis | 0.1447 |
Parnassus Core Select Backtested Returns
Currently, Parnassus Core Select is very steady. Parnassus Core Select maintains Sharpe Ratio (i.e., Efficiency) of 0.0193, which implies the entity had a 0.0193 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Parnassus Core Select, which you can use to evaluate the volatility of the etf. Please check Parnassus Core's Variance of 0.6305, coefficient of variation of (24,963), and insignificant Risk Adjusted Performance to confirm if the risk estimate we provide is consistent with the expected return of 0.0154%. The etf holds a Beta of 0.72, 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 | -0.25 |
Weak reverse predictability
Parnassus Core Select has weak reverse predictability. Overlapping area represents the amount of predictability between Parnassus Core time series from 17th of November 2025 to 1st of January 2026 and 1st of January 2026 to 15th of February 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 -0.25 indicates that over 25.0% of current Parnassus Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Thematic Opportunities
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Check out Parnassus Core Correlation, Parnassus Core Volatility and Parnassus Core Performance module to complement your research on Parnassus Core. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.