PARNASSUS ENDEAVOR Total Risk Alpha
| PARWX Fund | | | USD 55.30 0.03 0.05% |
The Total Risk Alpha calculation for PARNASSUS ENDEAVOR draws on price and volume history. The depth of trading history affects the precision of the indicator.
Your Equity Center provides a view into diversified allocation design. Diversification context is built from the relationships between portfolio holdings. Adding Parnassus Endeavor Fund to a portfolio enables side-by-side comparison with other holdings. Allocation models determine the relative weighting of each position in the portfolio. Broader economic conditions can influence Parnassus Endeavor Fund's mutual fund valuation — related indicators include
signals in private.
Parnassus Endeavor Fund has current Total Risk Alpha of 0.0816. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0816 | |
| ER[a] | = | Expected return on investing in PARNASSUS ENDEAVOR |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on PARNASSUS ENDEAVOR |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Parnassus Endeavor Fund is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
42.82 of Maximum Drawdown per Total Risk Alpha. At
42.82 , Parnassus Endeavor Fund's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare PARNASSUS ENDEAVOR to Peers
Other Technical Indicators