Third Avenue Value Fund Quote
| TAVFX Fund | USD 69.01 0.40 0.58% |
Performance13 of 100
| Odds Of DistressLess than 17
|
Third Avenue is trading at 69.01 as of the 19th of April 2024; that is 0.58% increase since the beginning of the trading day. The fund's open price was 68.61. Third Avenue has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Third Avenue Value are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to achieve its objective mainly by acquiring common stocks of well-financed companies at a discount to what the Adviser believes is their intrinsic value. It may invest in companies of any market capitalization and across all industries. More on Third Avenue Value
Moving together with Third Mutual Fund
| 0.91 | TVSVX | Third Avenue Small | PairCorr |
| 0.91 | TASZX | Third Avenue Small | PairCorr |
| 0.91 | TASCX | Third Avenue Small | PairCorr |
Third Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Third Avenue's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Third Avenue or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Third Avenue Funds, Large Funds, World Small/Mid Stock Funds, World Small/Mid Stock, Third Avenue, Large, World Large-Stock Value (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of March 2023 |
| Fiscal Year End | October |
Third Avenue Value [TAVFX] is traded in USA and was established 19th of April 2024. Third Avenue is listed under Third Avenue category by Fama And French industry classification. The fund is listed under World Small/Mid Stock category and is part of Third Avenue family. This fund at this time has accumulated 760.44 M in assets with minimum initial investment of 10 K. Third Avenue Value is currently producing year-to-date (YTD) return of 7.95% with the current yeild of 0.02%, while the total return for the last 3 years was 14.98%.
Check Third Avenue Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Third Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Third Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Third Avenue Value Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Third Avenue Value Mutual Fund Constituents
| WY | Weyerhaeuser | Stock | Real Estate |
| CVCO | Cavco Industries | Stock | Consumer Discretionary |
| JCI | Johnson Controls International | Stock | Industrials |
| Y | Alleghany | Stock | Insurance—Property & Casualty |
| CMA | Comerica | Stock | Financials |
| EXP | Eagle Materials | Stock | Materials |
| HA | Hawaiian Holdings | Stock | Industrials |
Third Avenue Target Price Odds Analysis
Based on a normal probability distribution, the odds of Third Avenue jumping above the current price in 90 days from now is about 16.24%. The Third Avenue Value probability density function shows the probability of Third Avenue mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Third Avenue has a beta of 0.8427. This usually implies as returns on the market go up, Third Avenue average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Third Avenue Value will be expected to be much smaller as well. Additionally, third Avenue Value has an alpha of 0.0798, implying that it can generate a 0.0798 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Third Avenue to move above the current price in 90 days from now is about 16.24 (This Third Avenue Value probability density function shows the probability of Third Mutual Fund to fall within a particular range of prices over 90 days) .
Third Avenue Value Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Third Avenue market risk premium is the additional return an investor will receive from holding Third Avenue long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Third Avenue. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Third Avenue's alpha and beta are two of the key measurements used to evaluate Third Avenue's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5829 | |||
| Semi Deviation | 0.6353 | |||
| Standard Deviation | 0.7349 | |||
| Variance | 0.54 |
Third Avenue Against Markets
Picking the right benchmark for Third Avenue mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Third Avenue mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Third Avenue is critical whether you are bullish or bearish towards Third Avenue Value at a given time. Please also check how Third Avenue's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Third Avenue without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Third Mutual Fund?
Before investing in Third Avenue, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Third Avenue. To buy Third Avenue fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Third Avenue. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Third Avenue fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Third Avenue Value fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Third Avenue Value fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Third Avenue Value, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Third Avenue Value?
The danger of trading Third Avenue Value is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Third Avenue is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Third Avenue. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Third Avenue Value is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Third Avenue Value. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Third Avenue Value information on this page should be used as a complementary analysis to other Third Avenue's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.