Parnassus Core Ten Year Return vs. Price To Earning
| PRBLX Fund | USD 66.53 0.59 0.89% |
For Parnassus Core profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Parnassus Core to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Parnassus E Equity utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Parnassus Core's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Parnassus E Equity over time as well as its relative position and ranking within its peers.
Parnassus |
Parnassus E Equity Price To Earning vs. Ten Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Core's current stock value. Our valuation model uses many indicators to compare Parnassus Core value to that of its competitors to determine the firm's financial worth. Parnassus E Equity is rated top fund in ten year return among similar funds. It also is rated top fund in price to earning among similar funds reporting about 1.43 of Price To Earning per Ten Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Parnassus Core's earnings, one of the primary drivers of an investment's value.Parnassus Price To Earning vs. Ten Year Return
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Parnassus Core |
| = | 12.67 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Parnassus Core |
| = | 18.07 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Parnassus Price To Earning Comparison
Parnassus is currently under evaluation in price to earning among similar funds.
Parnassus Core Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Parnassus Core, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Parnassus Core will eventually generate negative long term returns. The profitability progress is the general direction of Parnassus Core's change in net profit over the period of time. It can combine multiple indicators of Parnassus Core, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The funds objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80 percent of its net assets in equity securities. At least 65 percent of the funds total assets will normally be invested in equity securities that pay interest or dividends.
Parnassus Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Parnassus Core. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Parnassus Core position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Parnassus Core's important profitability drivers and their relationship over time.
Use Parnassus Core in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parnassus Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parnassus Core will appreciate offsetting losses from the drop in the long position's value.Parnassus Core Pair Trading
Parnassus E Equity Pair Trading Analysis
The ability to find closely correlated positions to Parnassus Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parnassus Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parnassus Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parnassus E Equity to buy it.
The correlation of Parnassus Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parnassus Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parnassus E Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parnassus Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Parnassus Core position
In addition to having Parnassus Core in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Parnassus Mutual Fund
To fully project Parnassus Core's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Parnassus E Equity at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Parnassus Core's income statement, its balance sheet, and the statement of cash flows.
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