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PARWX Parnassus Value Equity Investor Forecast, Technical & Fundamental Analysis

Category LargeValue
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Oracle Corp (NYSE:ORCL), Bank of America Corp (NYSE:BAC), Verizon Communications (NYSE:VZ), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC).

Industry description

The investment seeks capital appreciation. The fund’s objective is to achieve capital appreciation by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. These companies must, in the adviser's opinion, be undervalued, but they must also have good prospects for long-term capital appreciation over the course of the expected holding period.

Market Cap

The average market capitalization across the Parnassus Value Equity Investor MF is 140.27B. The market cap for tickers in the group ranges from 21.36B to 344.88B. ORCL holds the highest valuation in this group at 344.88B. The lowest valued company is BALL at 21.36B.

Volume

The average weekly volume growth across all stocks in the Parnassus Value Equity Investor MF was -7%. For the same stocks of the MF, the average monthly volume growth was 10% 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: 60
P/E Growth Rating: 60
Price Growth Rating: 36
SMR Rating: 52
Profit Risk Rating: 57
Seasonality Score: 34 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
PARNASSUS FUNDS1 Market Street, Suite 1600San Francisco
Phone
N/A
Web
www.parnassus.com
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PARWX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, PARWX has been closely correlated with VIVAX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if PARWX jumps, then VIVAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PARWX
1D Price
Change %
PARWX100%
+0.36%
VIVAX - PARWX
92%
Closely correlated
+0.24%
VIVIX - PARWX
92%
Closely correlated
+0.24%
VVIAX - PARWX
92%
Closely correlated
+0.26%
RMEBX - PARWX
89%
Closely correlated
-0.23%
RMFEX - PARWX
89%
Closely correlated
-0.23%
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