Parnassus Equity Incme Fund Statistic Functions Beta
| PRILX Fund | USD 52.29 -0.79 -1.49% |
| Symbol |
This analysis covers thirty-seven data points across the selected time horizon. The Beta measures systematic risk based on how returns on Parnassus Equity Incme correlated with the market. If Beta is less than 0 Parnassus Equity generally moves in the opposite direction as compared to the market. If Parnassus Equity Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parnassus Equity Incme is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parnassus Equity is generally in the same direction as the market. If Beta > 1 Parnassus Equity moves generally in the same direction as, but more than the movement of the benchmark.
Parnassus Equity Technical Analysis Modules
Technical analysis of Parnassus Equity uses historical price and volume data to identify patterns that may signal where the Parnassus trend is heading. When multiple indicator categories align on the same directional signal for Parnassus, confidence in the setup increases.| Cycle Indicators | ||
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Methodology, Assumptions & Data Sources
The chart shows how Parnassus Equity's Statistic Functions has moved over time. Comparing against peers in the same sector adds useful context.
Unless otherwise specified, data for Parnassus Equity Incme is compiled from fund disclosures and market reference feeds and standardized for comparability. Updates may occur throughout the day.