Parnassus Funds Fund Analysis
| PFPGX Fund | 26.89 0.03 0.11% |
Parnassus Funds is fairly valued with Real Value of 26.57 and Hype Value of 26.89. The main objective of Parnassus Funds fund analysis is to determine its intrinsic value, which is an estimate of what Parnassus Funds is worth, separate from its market price. There are two main types of Parnassus Mutual Fund analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic stability of Parnassus Funds . On the other hand, technical analysis, focuses on the price and volume data of Parnassus Mutual Fund to identify patterns and trends that may indicate its future price movements.
The Parnassus Funds mutual fund is traded in the USA on NMFQS Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
Parnassus |
Parnassus Funds Investment Alerts
| The fund maintains all of the assets in different exotic instruments |
Technical Drivers
As of the 23rd of November, Parnassus Funds holds the Semi Deviation of 1.01, risk adjusted performance of 0.0622, and Coefficient Of Variation of 1281.92. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Funds, as well as the relationship between them.Parnassus Funds Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Parnassus Funds middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Parnassus Funds. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Parnassus Funds Predictive Daily Indicators
Parnassus Funds intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Parnassus Funds mutual fund daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 26.89 | |||
| Day Typical Price | 26.89 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 0.03 | |||
| Relative Strength Index | 22.51 |
Parnassus Funds Forecast Models
Parnassus Funds' time-series forecasting models are one of many Parnassus Funds' mutual fund analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Parnassus Funds' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Parnassus Mutual Fund Analysis
Mutual Fund analysis is the technique used by a trader or investor to examine and evaluate how Parnassus Funds prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Parnassus shares will generate the highest return on investment. We also built our fund analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Fund such as Parnassus Funds. By using and applying Parnassus Mutual Fund analysis, traders can create a robust methodology for identifying Parnassus entry and exit points for their positions.
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.
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our mutual fund analysis tools, you can find out how much better you can do when adding Parnassus Funds to your portfolios without increasing risk or reducing expected return.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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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.
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