Parnassus Fixed Income Fund Price on May 31, 2024
| PRFIX Fund | USD 14.88 0.03 0.20% |
Below is the normalized historical share price chart for Parnassus Fixed Income extending back to April 19, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Parnassus Fixed stands at 14.88, as last reported on the 12th of December 2024, with the highest price reaching 14.88 and the lowest price hitting 14.88 during the day.
If you're considering investing in Parnassus Mutual Fund, it is important to understand the factors that can impact its price. Parnassus Fixed Income maintains Sharpe Ratio (i.e., Efficiency) of -0.0994, which implies the entity had a -0.0994% return per unit of risk over the last 3 months. Parnassus Fixed Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Parnassus Fixed's Risk Adjusted Performance of (0.08), coefficient of variation of (1,118), and Variance of 0.0713 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.
Parnassus |
Sharpe Ratio = -0.0994
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PRFIX |
Estimated Market Risk
| 0.27 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Parnassus Fixed 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 Fixed by adding Parnassus Fixed to a well-diversified portfolio.
Parnassus Fixed Valuation on May 31, 2024
It is possible to determine the worth of Parnassus Fixed on a given historical date. On May 31, 2024 Parnassus was worth 14.24 at the beginning of the trading date compared to the closed value of 14.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Parnassus Fixed mutual fund. Still, in general, we apply an absolute valuation method to find Parnassus Fixed's 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 Fixed where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Parnassus Fixed's related companies.
| Open | High | Low | Close | Volume | |
| 14.20 | 14.20 | 14.20 | 14.20 | 1.00 | |
05/31/2024 | 14.24 | 14.24 | 14.24 | 14.24 | 1.00 |
| 14.34 | 14.34 | 14.34 | 14.34 | 1.00 |
| Backtest Parnassus Fixed | | | Parnassus Fixed History | | | Parnassus Fixed Valuation | Previous | Next |
Parnassus Fixed Trading Date Momentum on May 31, 2024
| On June 03 2024 Parnassus Fixed Income was traded for 14.34 at the closing time. The highest daily price throughout the period was 14.34 and the lowest price was 14.34 . There was no trading activity during the period 1.0. Lack of trading volume on 06/03/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.70% . The trading delta at closing time to current closing price is 0.35% . |
Parnassus Fixed Income Fundamentals Correlations and Trends
By evaluating Parnassus Fixed's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Parnassus Fixed's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Parnassus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Parnassus Fixed Mutual Fund history
Parnassus Fixed 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 Fixed Income 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 Fixed stock prices may prove useful in developing a viable investing in Parnassus Fixed
The fund normally invests at least 80 percent of its net assets in a diversified portfolio of bonds and other fixed income instruments. It principally invests in corporate bonds, U.S. Treasuries and supranational bonds, with an emphasis on corporate bonds. The fund may also invest in U.S. governmental agencies, commercial and residential mortgage-backed securities and other asset-backed securities. It invests mainly in domestic securities, and to a lesser extent may also invest in U.S. dollar denominated foreign securities.
Parnassus Fixed Mutual Fund Technical Analysis
Parnassus Fixed 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 Fixed Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Parnassus Fixed Income 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 Fixed December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Parnassus Fixed 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 Fixed shares will generate the highest return on investment. By undertsting and applying Parnassus Fixed mutual fund market strength indicators, traders can identify Parnassus Fixed Income entry and exit signals to maximize returns
Parnassus Fixed Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Parnassus Fixed's 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 | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (5.38) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Parnassus Mutual Fund
Parnassus Fixed 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 Fixed security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |