Parnassus Income Funds Etf Beneish M Score
| PRVS Etf | 23.03 0.00 0.00% |
Parnassus |
At this time, Parnassus Income's M Score is inapplicable. The earnings manipulation may begin if Parnassus Income's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Parnassus Income executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Parnassus Income's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Parnassus Income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Parnassus Income Funds's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parnassus Income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parnassus Income Funds based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out Parnassus Income Performance and Parnassus Income Technical Analysis analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.