Parnassus Funds Fund Manager Performance Evaluation
| PFPGX Fund | 27.23 0.24 0.89% |
The fund holds a Beta of 0.86, which implies possible diversification benefits within a given portfolio. Parnassus Funds returns are very sensitive to returns on the market. As the market goes up or down, Parnassus Funds is expected to follow.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Funds are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Parnassus Funds may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...moreParnassus |
Parnassus Funds Relative Risk vs. Return Landscape
If you would invest 2,530 in Parnassus Funds on August 28, 2024 and sell it today you would earn a total of 169.00 from holding Parnassus Funds or generate 6.68% return on investment over 90 days. Parnassus Funds is currently producing 0.1075% returns and takes up 0.9919% volatility of returns over 90 trading days. Put another way, 8% 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 Funds Current Valuation
Fairly Valued
Today
Please note that Parnassus Funds' price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund is fairly valued. Parnassus Funds holds a recent Real Value of USD26.65 per share. The prevailing price of the fund is USD27.23. Our model determines the value of Parnassus Funds from analyzing the fund technical indicators and probability of bankruptcy. In general, investors 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 Funds is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Parnassus Mutual Fund. However, Parnassus Funds' 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 27.23 | Real 26.65 | Hype 26.99 |
The intrinsic value of Parnassus Funds' 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 Funds' 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 Funds 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 Funds more accurately as focusing exclusively on Parnassus Funds' fundamentals will not take into account other important factors: Parnassus Funds Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Funds' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Funds , and traders can use it to determine the average amount a Parnassus Funds' 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 = 0.1084
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | PFPGX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.99 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Parnassus Funds is performing at about 8% 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 Funds by adding it to a well-diversified portfolio.
Parnassus Funds Fundamentals Growth
Parnassus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Parnassus Funds, and Parnassus Funds 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.
About Parnassus Funds Performance
Evaluating Parnassus Funds' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Parnassus Funds 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 Funds 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 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.Things to note about Parnassus Funds performance evaluation
Checking the ongoing alerts about Parnassus Funds for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Parnassus Funds help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains all of the assets in different exotic instruments |
- Analyzing Parnassus Funds' 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 Funds' stock is overvalued or undervalued compared to its peers.
- Examining Parnassus Funds' 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 Funds' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parnassus Funds' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Parnassus Funds' mutual fund. These opinions can provide insight into Parnassus Funds' potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |