Parnassus Core Financials
| PRBLX Fund | USD 67.45 0.30 0.45% |
Parnassus |
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 Core Fund Summary
Parnassus Core competes with Parnassus Endeavor, Parnassus Mid, The Jensen, Metropolitan West, and Amg Yacktman. 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.Specialization | Large Blend, Large Blend |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7017691012 |
| Business Address | Parnassus Income Funds |
| Mutual Fund Family | Parnassus |
| Mutual Fund Category | Large Blend |
| Benchmark | Dow Jones Industrial |
| Phone | 800 999 3505 |
| Currency | USD - US Dollar |
Parnassus Core Key Financial Ratios
Parnassus Financial Ratios Relationships
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. You can analyze the relationship between different fundamental ratios across Parnassus Core competition to find correlations between indicators driving Parnassus Core's intrinsic value. More Info.Parnassus E Equity 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 0.15 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Parnassus E Equity is roughly 6.74 . 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 E Equity Systematic Risk
Parnassus Core's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Core 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 function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Parnassus E Equity correlated with the market. If Beta is less than 0 Parnassus Core generally moves in the opposite direction as compared to the market. If Parnassus Core Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus E Equity is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Core is generally in the same direction as the market. If Beta > 1 Parnassus Core moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Core December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Core help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus E Equity. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus E Equity 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 Core's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.833 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.15 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Core 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 Core security.
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