Parnassus Income Funds Etf Performance
| PRVS Etf | 28.20 0.15 0.53% |
The etf holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. Parnassus Income returns are very sensitive to returns on the market. As the market goes up or down, Parnassus Income is expected to follow.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Income Funds are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Parnassus Income may actually be approaching a critical reversion point that can send shares even higher in January 2026. ...more
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Parnassus Income Relative Risk vs. Return Landscape
If you would invest 2,636 in Parnassus Income Funds on September 28, 2025 and sell it today you would earn a total of 184.00 from holding Parnassus Income Funds or generate 6.98% return on investment over 90 days. Parnassus Income Funds is currently generating 0.1099% in daily expected returns and assumes 0.7491% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Parnassus, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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Parnassus Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Income's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Parnassus Income Funds, and traders can use it to determine the average amount a Parnassus Income'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 = 0.1467
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Based on monthly moving average Parnassus Income is performing at about 11% 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 Income by adding it to a well-diversified portfolio.
About Parnassus Income Performance
Assessing Parnassus Income's fundamental ratios provides investors with valuable insights into Parnassus Income's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Parnassus Income is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Parnassus Income is entity of United States. It is traded as Etf on NYSE exchange.