Parnassus Endeavor Fund Technical Analysis
| PARWX Fund | USD 52.32 0.12 0.23% |
As of the 19th of April, Parnassus Endeavor holds the Risk Adjusted Performance of 0.0539, semi deviation of 0.6927, and Coefficient Of Variation of 1172.11. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Parnassus Endeavor, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and break down nineteen technical drivers for Parnassus Endeavor, which can be compared to its competitors. Please check Parnassus Endeavor maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Parnassus Endeavor is priced some-what accurately, providing market reflects its current price of 52.32 per share.
Parnassus Endeavor 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 ParnassusParnassus |
Parnassus Endeavor 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.
Parnassus Endeavor Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Parnassus Endeavor volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Parnassus Endeavor Trend Analysis
Use this graph to draw trend lines for Parnassus Endeavor Fund. You can use it to identify possible trend reversals for Parnassus Endeavor 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 Endeavor price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Parnassus Endeavor Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Parnassus Endeavor Fund applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Parnassus Endeavor Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 128.01, which is the sum of squared deviations for the predicted Parnassus Endeavor price change compared to its average price change.About Parnassus Endeavor Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Parnassus Endeavor Fund on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Parnassus Endeavor Fund based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Parnassus Endeavor price pattern first instead of the macroeconomic environment surrounding Parnassus Endeavor. By analyzing Parnassus Endeavor's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Parnassus Endeavor's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Parnassus Endeavor specific price patterns or momentum indicators. Please read more on our technical analysis page.
Parnassus Endeavor April 19, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0539 | |||
| Market Risk Adjusted Performance | 0.057 | |||
| Mean Deviation | 0.5403 | |||
| Semi Deviation | 0.6927 | |||
| Downside Deviation | 0.8035 | |||
| Coefficient Of Variation | 1172.11 | |||
| Standard Deviation | 0.7012 | |||
| Variance | 0.4917 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.047 | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.12 | |||
| Downside Variance | 0.6456 | |||
| Semi Variance | 0.4798 | |||
| Expected Short fall | (0.53) | |||
| Skewness | (0.65) | |||
| Kurtosis | 0.4845 |
Parnassus Endeavor April 19, 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.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 52.32 | ||
| Day Typical Price | 52.32 | ||
| Price Action Indicator | 0.06 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Endeavor Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.