Parnassus Endeavor Fund Manager Performance Evaluation
The fund holds a Beta of 0.77, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parnassus Endeavor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parnassus Endeavor is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Endeavor Fund are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Parnassus Endeavor is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of May 2023 | |
| Expense Ratio | 0.6500 |
Parnassus |
Parnassus Endeavor Relative Risk vs. Return Landscape
If you would invest 5,568 in Parnassus Endeavor Fund on August 25, 2024 and sell it today you would earn a total of 336.00 from holding Parnassus Endeavor Fund or generate 6.03% return on investment over 90 days. Parnassus Endeavor Fund is currently producing 0.0939% returns and takes up 0.6901% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Parnassus, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Parnassus Endeavor Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Endeavor's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Parnassus Endeavor Fund, and traders can use it to determine the average amount a Parnassus Endeavor's 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 = 0.1361
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Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Parnassus Endeavor is performing at about 10% 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 Endeavor by adding it to a well-diversified portfolio.
Parnassus Endeavor Fundamentals Growth
Parnassus Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Parnassus Endeavor, and Parnassus Endeavor 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.
| Price To Earning | 15.41 X | ||||
| Price To Book | 2.40 X | ||||
| Price To Sales | 1.25 X | ||||
| Total Asset | 1.58 B | ||||
Things to note about Parnassus Endeavor performance evaluation
Checking the ongoing alerts about Parnassus Endeavor for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Parnassus Endeavor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Parnassus Endeavor is not yet fully synchronised with the market data | |
| Parnassus Endeavor has some characteristics of a very speculative penny stock | |
| The fund maintains 97.71% of its assets in stocks |
- Analyzing Parnassus Endeavor's 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 Endeavor's stock is overvalued or undervalued compared to its peers.
- Examining Parnassus Endeavor's 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 Endeavor's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Parnassus Endeavor's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Parnassus Endeavor's mutual fund. These opinions can provide insight into Parnassus Endeavor's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Tools for Parnassus Mutual Fund
When running Parnassus Endeavor's price analysis, check to measure Parnassus Endeavor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parnassus Endeavor is operating at the current time. Most of Parnassus Endeavor's value examination focuses on studying past and present price action to predict the probability of Parnassus Endeavor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parnassus Endeavor's price. Additionally, you may evaluate how the addition of Parnassus Endeavor to your portfolios can decrease your overall portfolio volatility.
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