Parnassus Fund Inst Fund Technical Analysis

As of the 3rd of December, Parnassus Fund holds the Risk Adjusted Performance of 0.121, semi deviation of 0.6951, and Coefficient Of Variation of 639.28. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Fund, as well as the relationship between them.

Parnassus Fund Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Parnassus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Parnassus
  
Parnassus Fund's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Parnassus Fund 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.
A focus of Parnassus Fund technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Parnassus Fund trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Parnassus Fund Inst Technical Analysis

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Parnassus Fund Inst Trend Analysis

Use this graph to draw trend lines for Parnassus Fund Inst. You can use it to identify possible trend reversals for Parnassus Fund as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Parnassus Fund price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Parnassus Fund Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Parnassus Fund Inst applied against its price change over selected period. The best fit line has a slop of   NaN  , . It has 0 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Parnassus Fund price change compared to its average price change.

Parnassus Fund December 3, 2024 Technical Indicators

Most technical analysis of Parnassus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Parnassus from various momentum indicators to cycle indicators. When you analyze Parnassus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Parnassus Fund December 3, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Parnassus stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Other Information on Investing in Parnassus Mutual Fund

Parnassus Fund 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 Fund security.
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