Parnassus Fund Financials

PARNX Fund  USD 57.07  0.65  1.15%   
Financial data analysis helps to confirm if markets are presently mispricing Parnassus Fund Investor. We were able to interpolate fifteen available financial ratios for Parnassus Fund Investor, which can be compared to its competitors. The fund experiences a large bullish trend. Check odds of Parnassus Fund to be traded at $62.78 in 90 days.
  
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.

Parnassus Fund Fund Summary

Parnassus Fund competes with Parnassus Endeavor, Parnassus Mid, Parnassus Fixed, Parnassus Core, and Pax Balanced. The fund normally invests at least 80 percent of its net assets in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the companys market capitalization grows or falls outside the ranges of the Russell Midcap Growth Index, which are subject to change. The fund may normally invest up to 20 percent of its net assets in smaller- and larger-capitalization companies.
Specialization
Mid-Cap Growth, Large
InstrumentUSA Mutual Fund View All
ExchangeNMFQS Exchange
ISINUS7017651099
Business AddressPARNASSUS FUNDS
Mutual Fund FamilyParnassus
Mutual Fund CategoryMid-Cap Growth
BenchmarkDow Jones Industrial
Phone800 999 3505
CurrencyUSD - US Dollar

Parnassus Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Fund's current stock value. Our valuation model uses many indicators to compare Parnassus Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Fund competition to find correlations between indicators driving Parnassus Fund's intrinsic value. More Info.
Parnassus Fund Investor is rated top fund in price to earning among similar funds. It also is rated top fund in price to book among similar funds fabricating about  0.13  of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Parnassus Fund Investor is roughly  7.87 . 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 Fund's earnings, one of the primary drivers of an investment's value.

Parnassus Fund Investor Systematic Risk

Parnassus Fund's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Fund volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Parnassus Fund Investor correlated with the market. If Beta is less than 0 Parnassus Fund generally moves in the opposite direction as compared to the market. If Parnassus Fund Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Fund Investor is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Fund is generally in the same direction as the market. If Beta > 1 Parnassus Fund moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Fund Investor is rated top fund in net asset among similar funds. Total Asset Under Management (AUM) of Mid-Cap Growth category is currently estimated at about 40.77 Billion. Parnassus Fund claims roughly 740.82 Million in net asset contributing just under 2% to funds under Mid-Cap Growth category.

Parnassus Fund March 1, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Parnassus Fund help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Fund Investor. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Fund Investor 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 Fund's daily price indicators and compare them against related drivers.

Other Information on Investing in Parnassus Mutual Fund

Parnassus Fund 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 Fund security.
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