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PARNX Parnassus Mid Cap Growth Investor Forecast, Technical & Fundamental Analysis

Category MidCapGrowth
A.I.Advisor
published Highlights

Industry description

The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the company's market capitalization grows or falls outside the ranges of the Russell Midcap® Growth Index, which are subject to change. The fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies.

Market Cap

The average market capitalization across the Parnassus Mid Cap Growth Investor MF is 39.47B. The market cap for tickers in the group ranges from 9.72B to 69.7B. CTAS holds the highest valuation in this group at 69.7B. The lowest valued company is GWRE at 9.72B.

Volume

The average weekly volume growth across all stocks in the Parnassus Mid Cap Growth Investor MF was 3%. For the same stocks of the MF, the average monthly volume growth was 7% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 80
P/E Growth Rating: 49
Price Growth Rating: 39
SMR Rating: 43
Profit Risk Rating: 30
Seasonality Score: -41 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category MidCapGrowth

Profile
Fundamentals
Details
Category
Mid-Cap Growth
Address
PARNASSUS FUNDS1 Market Street, Suite 1600San Francisco
Phone
N/A
Web
www.parnassus.com
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PARNX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, PARNX has been closely correlated with FSMAX. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if PARNX jumps, then FSMAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PARNX
1D Price
Change %
PARNX100%
-0.02%
FSMAX - PARNX
96%
Closely correlated
+0.04%
TRQZX - PARNX
87%
Closely correlated
-0.08%
RPTIX - PARNX
87%
Closely correlated
-0.07%
RPMGX - PARNX
86%
Closely correlated
-0.08%
PAMCX - PARNX
86%
Closely correlated
-0.08%
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