Parnassus Income Financials
| PRVS Etf | 24.07 0.18 0.75% |
Parnassus |
The data published in Parnassus Income's official financial statements typically reflect Parnassus Income's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Parnassus Income's quantitative information. For example, before you start analyzing numbers published by Parnassus accountants, it's essential to understand Parnassus Income's liquidity, profitability, and earnings quality within the context of the Large Cap ETFs space in which it operates.
Please note, the imprecision that can be found in Parnassus Income's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Parnassus Income Funds. Check Parnassus Income's Beneish M Score to see the likelihood of Parnassus Income's management manipulating its earnings.
Parnassus Income Etf Summary
Parnassus Income competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Total, and Vanguard Value. Parnassus Income is entity of United States. It is traded as Etf on NYSE exchange.| Instrument | USA Etf View All |
| Exchange | New York Stock Exchange |
| CUSIP | 701769606 |
| Region | North America |
| Investment Issuer | Parnassus |
| Benchmark | Dow Jones Industrial |
Parnassus Income Funds Systematic Risk
Parnassus Income's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parnassus Income 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 sixteen. The Beta measures systematic risk based on how returns on Parnassus Income Funds correlated with the market. If Beta is less than 0 Parnassus Income generally moves in the opposite direction as compared to the market. If Parnassus Income Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Income Funds is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Income is generally in the same direction as the market. If Beta > 1 Parnassus Income moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Parnassus Income is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Parnassus has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Parnassus Income's financials are consistent with your investment objective using the following steps:- Review Parnassus Income's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Parnassus Income's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Parnassus Income's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Parnassus Income's stock is overvalued or undervalued.
Parnassus Income Thematic Clasifications
Parnassus Income Funds is part of several thematic ideas from Large Cap ETFs to Size And Style ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasParnassus Income January 4, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parnassus Income help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parnassus Income Funds. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parnassus Income Funds based on widely used predictive technical indicators. In general, we focus on analyzing Parnassus Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parnassus Income's daily price indicators and compare them against related drivers.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 1.48 |
Other Information on Investing in Parnassus Etf
Parnassus Income financial ratios help investors to determine whether Parnassus Etf 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 Income security.