Third Avenue Financials
| TAVFX Fund | USD 69.45 0.28 0.40% |
Third |
Please note that past performance is not an indicator of the future performance of Third Avenue, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Third Avenue Fund Summary
Third Avenue competes with Hartford Core, The Hartford, The Hartford, and Hartford International. 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. The fund may also acquire senior securities, such as convertible securities, preferred stocks and debt instruments, that the Adviser believes are undervalued. It also invests in both domestic and foreign securities.Specialization | World Small/Mid Stock, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US8841161040 |
| Business Address | Third Avenue Trust |
| Mutual Fund Family | Third Avenue |
| Mutual Fund Category | World Small/Mid Stock |
| Benchmark | NYSE Composite |
| Phone | 800 443 1021 |
| Currency | USD - US Dollar |
You should never invest in Third Avenue Value without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Third Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Third Avenue's prospectus and an annual reports, can give you an edge over other investors and help to ensure that your investments perform well for you.
Third Avenue Key Financial Ratios
Generally speaking, Third Avenue's financial ratios allow both analysts and investors to convert raw data from Third Avenue's financial statements into concise, actionable information that can be used to evaluate the performance of Third Avenue over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Third Avenue Value reports annually and quarterly.Third Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Third Avenue's current stock value. Our valuation model uses many indicators to compare Third Avenue value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Third Avenue competition to find correlations between indicators driving Third Avenue's intrinsic value. More Info.Third Avenue Value is rated top fund in price to earning among similar funds. It is rated top fund in price to book among similar funds fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Third Avenue Value is roughly 13.47 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Third Avenue by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Third Avenue's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Third Avenue's earnings, one of the primary drivers of an investment's value.Third Avenue Value Systematic Risk
Third Avenue's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Third Avenue volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Third Avenue Value correlated with the market. If Beta is less than 0 Third Avenue generally moves in the opposite direction as compared to the market. If Third Avenue Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Third Avenue Value is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Third Avenue is generally in the same direction as the market. If Beta > 1 Third Avenue moves generally in the same direction as, but more than the movement of the benchmark.
Third Avenue April 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Third Avenue help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Third Avenue Value. We use our internally-developed statistical techniques to arrive at the intrinsic value of Third Avenue Value based on widely used predictive technical indicators. In general, we focus on analyzing Third Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Third Avenue's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.8192 | |||
| Information Ratio | 0.0626 | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.13 |
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .