Parnassus Mid Cap Fund Technical Analysis
| PARMX Fund | USD 43.97 0.43 0.99% |
As of the 23rd of November, Parnassus Mid holds the Risk Adjusted Performance of 0.1122, semi deviation of 0.5534, and Coefficient Of Variation of 680.56. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Mid, as well as the relationship between them.
Parnassus Mid Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Parnassus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ParnassusParnassus |
Parnassus Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Parnassus Mid Cap Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Parnassus Mid Cap volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Parnassus Mid Cap Trend Analysis
Use this graph to draw trend lines for Parnassus Mid Cap. You can use it to identify possible trend reversals for Parnassus Mid as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parnassus Mid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Parnassus Mid Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Parnassus Mid Cap applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Parnassus Mid Cap will continue generating value for investors. It has 122 observation points and a regression sum of squares at 41.4, which is the sum of squared deviations for the predicted Parnassus Mid price change compared to its average price change.About Parnassus Mid Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Parnassus Mid Cap on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Parnassus Mid Cap based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Parnassus Mid Cap price pattern first instead of the macroeconomic environment surrounding Parnassus Mid Cap. By analyzing Parnassus Mid's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Parnassus Mid's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Parnassus Mid specific price patterns or momentum indicators. Please read more on our technical analysis page.
Parnassus Mid November 23, 2024 Technical Indicators
Most technical analysis of Parnassus 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 different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1122 | |||
| Market Risk Adjusted Performance | 0.133 | |||
| Mean Deviation | 0.5881 | |||
| Semi Deviation | 0.5534 | |||
| Downside Deviation | 0.7026 | |||
| Coefficient Of Variation | 680.56 | |||
| Standard Deviation | 0.7293 | |||
| Variance | 0.5318 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.123 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.43 | |||
| Downside Variance | 0.4936 | |||
| Semi Variance | 0.3063 | |||
| Expected Short fall | (0.66) | |||
| Skewness | 0.0601 | |||
| Kurtosis | (0.31) |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Mid 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 Mid security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |