Parnassus Equity Financials
| PRILX Fund | USD 61.27 0.89 1.47% |
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 Equity Fund Summary
Parnassus Equity competes with Wcm Focused, Parnassus Mid, Pimco Income, Parnassus Endeavor, and Metropolitan West. The funds objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Parnassus Core is traded on NASDAQ Exchange in the United States.Specialization | Large Blend, Large Blend |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US7017694081 |
| 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 Equity Key Financial Ratios
Parnassus Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parnassus Equity's current stock value. Our valuation model uses many indicators to compare Parnassus Equity value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parnassus Equity competition to find correlations between indicators driving Parnassus Equity's intrinsic value. More Info.Parnassus Equity Incme 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 0.14 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Parnassus Equity Incme is roughly 7.19 . 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 Equity's earnings, one of the primary drivers of an investment's value.Parnassus Equity Incme Systematic Risk
Parnassus Equity's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Equity 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 Equity Incme correlated with the market. If Beta is less than 0 Parnassus Equity generally moves in the opposite direction as compared to the market. If Parnassus Equity Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Equity Incme is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Equity is generally in the same direction as the market. If Beta > 1 Parnassus Equity moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Equity March 1, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Equity help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Equity Incme. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Equity Incme 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 Equity's daily price indicators and compare them against related drivers.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.92 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.17 |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Equity 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 Equity security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |