Parnassus Core Select Etf Performance
| PRCS Etf | 26.20 0.05 0.19% |
The etf holds a Beta of 0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parnassus Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parnassus Core is expected to be smaller as well.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Parnassus Core Select are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile fundamental indicators, Parnassus Core unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Parnassus Core Select ETF Q2 2025 Commentary - Seeking Alpha | 07/15/2025 |
Parnassus | Build AI portfolio with Parnassus Etf |
Parnassus Core Relative Risk vs. Return Landscape
If you would invest 2,288 in Parnassus Core Select on April 28, 2025 and sell it today you would earn a total of 332.00 from holding Parnassus Core Select or generate 14.51% return on investment over 90 days. Parnassus Core Select is currently generating 0.2178% in daily expected returns and assumes 0.7109% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than Parnassus, and 96% 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 Core Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parnassus Core's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Parnassus Core Select, and traders can use it to determine the average amount a Parnassus Core'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 = 0.3064
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Estimated Market Risk
| 0.71 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average Parnassus Core is performing at about 24% 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 Core by adding it to a well-diversified portfolio.
About Parnassus Core Performance
Assessing Parnassus Core's fundamental ratios provides investors with valuable insights into Parnassus Core's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Parnassus Core 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 Core is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from news.google.com: Parnassus Core Select ETF Q2 2025 Commentary - Seeking Alpha |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parnassus Core Select. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of Parnassus Core Select 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 Core's value that differs from its market value or its book value, called intrinsic value, which is Parnassus Core'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 Core's market value can be influenced by many factors that don't directly affect Parnassus Core'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 Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parnassus Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parnassus Core'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.