Parnassus E Select Etf Performance
The entity holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and PARNASSUS are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days PARNASSUS E SELECT has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental indicators, PARNASSUS is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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PARNASSUS Relative Risk vs. Return Landscape
If you would invest (100.00) in PARNASSUS E SELECT on October 9, 2024 and sell it today you would earn a total of 100.00 from holding PARNASSUS E SELECT or generate -100.0% return on investment over 90 days. PARNASSUS E SELECT is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% 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 |
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PARNASSUS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARNASSUS's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as PARNASSUS E SELECT, and traders can use it to determine the average amount a PARNASSUS'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 = 0.0
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Based on monthly moving average PARNASSUS 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 by adding PARNASSUS to a well-diversified portfolio.
| PARNASSUS E SELECT is not yet fully synchronised with the market data | |
| PARNASSUS E SELECT has some characteristics of a very speculative penny stock |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Other Tools for PARNASSUS Etf
When running PARNASSUS's price analysis, check to measure PARNASSUS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PARNASSUS is operating at the current time. Most of PARNASSUS's value examination focuses on studying past and present price action to predict the probability of PARNASSUS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PARNASSUS's price. Additionally, you may evaluate how the addition of PARNASSUS to your portfolios can decrease your overall portfolio volatility.
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