Parnassus Income Funds Etf Performance
| PRVS Etf | 24.67 0.14 0.57% |
The etf holds a Beta of -12.06, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Parnassus Income are expected to decrease by larger amounts. On the other hand, during market turmoil, Parnassus Income is expected to outperform it.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Income Funds are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Parnassus Income unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Parnassus |
Parnassus Income Relative Risk vs. Return Landscape
If you would invest 0.00 in Parnassus Income Funds on October 22, 2024 and sell it today you would earn a total of 2,467 from holding Parnassus Income Funds or generate 9.223372036854776E16% return on investment over 90 days. Parnassus Income Funds is currently generating 38.4208% in daily expected returns and assumes 196.1267% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Parnassus, and most 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 = 0.1959
| Best Portfolio | Best Equity | PRVS | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 196.13 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Parnassus Income is performing at about 15% of its full potential. 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 it 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 way too risky over 90 days horizon | |
| Parnassus Income appears to be risky and price may revert if volatility continues |
Other Information on Investing in Parnassus Etf
Parnassus Income financial ratios help investors to determine whether Parnassus Etf 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 Income security.