Parnassus Funds Fund Price on December 28, 2023

PFGEX Fund   25.63  0.40  1.59%   
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Parnassus Funds stands at 25.63, as last reported on the 2nd of March, with the highest price reaching 25.63 and the lowest price hitting 25.63 during the day. Parnassus Funds maintains Sharpe Ratio (i.e., Efficiency) of -0.0753, which implies the entity had a -0.0753 % return per unit of risk over the last 3 months. Parnassus Funds exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parnassus Funds' Coefficient Of Variation of (1,328), risk adjusted performance of (0.05), and Variance of 1.61 to confirm the risk estimate we provide.
  
Parnassus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0753

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Estimated Market Risk

 1.27
  actual daily
11
89% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.08
  actual daily
0
Most of other assets perform better
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 December 28, 2023

It is possible to determine the worth of Parnassus Funds on a given historical date. On December 28, 2023 Parnassus was worth 21.35 at the beginning of the trading date compared to the closed value of 21.35. 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
  21.36    21.36    21.36    21.36    1.00  
12/28/2023
  21.35    21.35    21.35    21.35    1.00  
  21.30    21.30    21.30    21.30    1.00  
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Open Value
21.35
21.35
Closing Value
25.15
Upside

Parnassus Funds Trading Date Momentum on December 28, 2023

On December 29 2023 Parnassus Funds was traded for  21.30  at the closing time. The highest daily price throughout the period was 21.30  and the lowest price was  21.30 . There was no trading activity during the period 1.0. Lack of trading volume on 12/29/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.23% . The trading delta at closing time to current closing price is 0.89% .

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.
A focus of Parnassus Funds technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Funds trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Parnassus Funds Period Price Range

Low
March 2, 2025
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High

 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 March 2, 2025 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.

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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