Parnassus Funds Fund Momentum Indicators Minus Directional Movement

PFGEX Fund   26.97  0.19  0.70%   
Parnassus Funds momentum indicators tool provides the execution environment for running the Minus Directional Movement indicator and other technical functions against Parnassus Funds. Parnassus Funds value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Minus Directional Movement indicator function is designed to identify and follow existing trends. Momentum indicators of Parnassus Funds are pattern recognition functions that provide distinct formation on Parnassus Funds potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was nine with a total number of output elements of fifty-two. The Minus Directional Movement indicator shows the difference between two consecutive lows of Parnassus Funds price series.

Parnassus Funds Technical Analysis Modules

Most technical analysis of Parnassus Funds help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Parnassus from various momentum indicators to cycle indicators. When you analyze Parnassus charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Parnassus Funds Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Parnassus Funds . We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Funds based on widely used predictive technical indicators. In general, we focus on analyzing Parnassus Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parnassus Funds's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Parnassus Funds's intrinsic value. In addition to deriving basic predictive indicators for Parnassus Funds, we also check how macroeconomic factors affect Parnassus Funds price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Parnassus Funds' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
26.0827.0027.92
Details
Intrinsic
Valuation
LowRealHigh
25.7226.6427.56
Details
Naive
Forecast
LowNextHigh
26.1927.1128.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.1126.7227.33
Details

Align your values with your investing style

In addition to having Parnassus Funds 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Adviser Favorites Idea
Adviser Favorites
Invested few shares
Driverless Cars Idea
Driverless Cars
Invested few shares
SRI Sustainable Growth Idea
SRI Sustainable Growth
Invested few shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
Momentum Idea
Momentum
Invested over 200 shares
ESG Investing Idea
ESG Investing
Invested few shares
Banking Idea
Banking
Invested over 40 shares
Investor Favorites Idea
Investor Favorites
Invested few shares
Social Domain Idea
Social Domain
Invested few shares

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.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Bonds Directory
Find actively traded corporate debentures issued by US companies