Parnassus Income Funds Etf Performance
| PRVS Etf | 23.03 0.31 1.33% |
The etf holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Parnassus Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parnassus Income is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Parnassus Income Funds has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Etf's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the exchange-traded fund private investors. ...more
Parnassus |
Parnassus Income Relative Risk vs. Return Landscape
If you would invest 2,482 in Parnassus Income Funds on December 13, 2024 and sell it today you would lose (178.83) from holding Parnassus Income Funds or give up 7.21% of portfolio value over 90 days. Parnassus Income Funds is currently does not generate positive expected returns and assumes 0.884% risk (volatility on return distribution) over the 90 days horizon. In different words, 7% of etfs are less volatile than Parnassus, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Parnassus Income Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Income's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Parnassus Income Funds, and traders can use it to determine the average amount a Parnassus Income's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1365
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| Negative Returns | PRVS |
Estimated Market Risk
| 0.88 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Parnassus Income 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 Income by adding Parnassus Income to a well-diversified portfolio.
About Parnassus Income Performance
Assessing Parnassus Income's fundamental ratios provides investors with valuable insights into Parnassus Income's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Parnassus Income is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Parnassus Income is entity of United States. It is traded as Etf on NYSE exchange.| Parnassus Income generated a negative expected return over the last 90 days |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Income Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
The market value of Parnassus Income Funds is measured differently than its book value, which is the value of Parnassus that is recorded on the company's balance sheet. Investors also form their own opinion of Parnassus Income's value that differs from its market value or its book value, called intrinsic value, which is Parnassus Income's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parnassus Income's market value can be influenced by many factors that don't directly affect Parnassus Income's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parnassus Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parnassus Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Income's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.