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

The investment seeks capital appreciation... Show more

Category: #Mid-Cap Growth

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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 43.71B. The market cap for tickers in the group ranges from 7.05B to 109.06B. FTNT holds the highest valuation in this group at 109.06B. The lowest valued company is MORN at 7.05B.

Volume

The average weekly volume growth across all stocks in the Parnassus Mid Cap Growth Investor MF was 32%. For the same stocks of the MF, the average monthly volume growth was 53% and the average quarterly volume growth was 16%

Fundamental Analysis Ratings

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

Valuation Rating: 67

P/E Growth Rating: 55

Price Growth Rating: 45

SMR Rating: 40

Profit Risk Rating: 68

Seasonality Score: 46 (-100 ... +100)

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A.I. Advisor

published General Information

General Information

Category MidCapGrowth

Profile

Details

	1 Day
MSXAX	80.90	0.10	+0.12%
NYLI S&P 500 Index Class A
RYMGX	63.48	N/A	N/A
Rydex S&P MidCap 400 Pure Growth A
ASRYX	8.69	N/A	N/A
Invesco Global Real Estate Income Y
FRLCX	14.82	N/A	N/A
Nuveen Real Estate Securities C
FCIGX	41.22	N/A	N/A
Fidelity Advisor Small Cap Growth I

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.

Ticker / NAME	Correlation To PARNX	1D Price Change %
PARNX	100%	-0.51%
FSMAX - PARNX	96% Closely correlated	N/A
PEMGX - PARNX	86% Closely correlated	N/A
PMBJX - PARNX	85% Closely correlated	N/A
JDMAX - PARNX	76% Closely correlated	+0.31%
JDMRX - PARNX	74% Closely correlated	+0.31%
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