Parnassus Funds Fund Price on October 29, 2024
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Parnassus Mutual Fund to be very steady. Parnassus Funds maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the entity had a 0.16% return per unit of risk over the last 3 months. We have found nine technical indicators for Parnassus Funds, which you can use to evaluate the volatility of the fund. Please check Parnassus Funds' Market Facilitation Index of (6.17), accumulation distribution of (0.33), and Day Median Price of 21.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%.
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Parnassus |
Sharpe Ratio = 0.0
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Based on monthly moving average Parnassus Funds is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parnassus Funds by adding Parnassus Funds to a well-diversified portfolio.
Parnassus Funds Valuation on October 29, 2024
It is possible to determine the worth of Parnassus Funds on a given historical date. On October 29, 2024 Parnassus was worth 26.36 at the beginning of the trading date compared to the closed value of 26.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Funds mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Funds' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Parnassus Funds where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Funds' related companies.
Open | High | Low | Close | Volume | |
26.15 | 26.15 | 26.15 | 26.15 | 1.00 | |
10/29/2024 | 26.36 | 26.36 | 26.36 | 26.36 | 1.00 |
26.17 | 26.17 | 26.17 | 26.17 | 1.00 |
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Parnassus Funds Trading Date Momentum on October 29, 2024
On October 30 2024 Parnassus Funds was traded for 26.17 at the closing time. The highest daily price throughout the period was 26.17 and the lowest price was 26.17 . There was no trading activity during the period 1.0. Lack of trading volume on 10/30/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.72% . The trading delta at closing time to current closing price is 2.01% . |
About Parnassus Funds Mutual Fund history
Parnassus Funds investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Parnassus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Parnassus Funds will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Parnassus Funds stock prices may prove useful in developing a viable investing in Parnassus Funds
Parnassus Funds Mutual Fund Technical Analysis
Parnassus Funds 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.
Price Boundaries
Parnassus Funds Period Price Range
Low | December 2, 2024
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0.00 | 0.00 |
Parnassus Funds cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Parnassus Funds December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Funds mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Parnassus Funds shares will generate the highest return on investment. By undertsting and applying Parnassus Funds mutual fund market strength indicators, traders can identify Parnassus Funds entry and exit signals to maximize returns
Parnassus Funds Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Funds' price direction in advance. Along with the technical and fundamental analysis of Parnassus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Parnassus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1261 | |||
Jensen Alpha | 0.126 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0104 | |||
Treynor Ratio | 1.42 |
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Other Information on Investing in Parnassus Mutual Fund
Parnassus Funds 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 Funds security.
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Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Money Managers Screen money managers from public funds and ETFs managed around the world |