Parnassus Fund Total Risk Alpha
| PFPRX Fund | | | USD 51.00 0.03 0.06% |
Reference data associated with the Total Risk Alpha technical indicator for Parnassus Fund Inst. Indicator values reflect available price and volume data where applicable.
Parnassus Fund Inst has current Total Risk Alpha of
-0.01. 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] |
| = | -0.01 | |
| ER[a] | = | Expected return on investing in Parnassus Fund |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Parnassus Fund |
| 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 Fund Inst is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Parnassus Fund to Peers
Other Technical Indicators