Third Avenue Value Fund Manager Performance Evaluation
| TAVFX Fund | USD 69.45 0.28 0.40% |
The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Third Avenue's returns are expected to increase less than the market. However, during the bear market, the loss of holding Third Avenue is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Third Avenue Value are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Third Avenue may actually be approaching a critical reversion point that can send shares even higher in May 2024.
...more1 | Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio - Zacks Investment Research | 02/07/2024 |
| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 1.2000 |
Third |
Third Avenue Relative Risk vs. Return Landscape
If you would invest 6,479 in Third Avenue Value on January 26, 2024 and sell it today you would earn a total of 466.00 from holding Third Avenue Value or generate 7.19% return on investment over 90 days. Third Avenue Value is currently producing 0.1148% returns and takes up 0.7461% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Third, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Third Avenue Current Valuation
Fairly Valued
Today
Please note that Third Avenue's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Third Avenue Value has a current Real Value of $70.62 per share. The regular price of the fund is $69.45. We determine the value of Third Avenue Value from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Our valuation method for Third Avenue Value is useful when determining the fair value of the Third mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Third Avenue. Since Third Avenue is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Third Mutual Fund. However, Third Avenue's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 69.45 | Real 70.62 | Hype 69.44 | Naive 68.44 |
The real value of Third Mutual Fund, also known as its intrinsic value, is the underlying worth of Third Avenue Value Mutual Fund, which is reflected in its stock price. It is based on Third Avenue's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Third Avenue's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Third Avenue's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Third Avenue Value helps investors to forecast how Third mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Third Avenue more accurately as focusing exclusively on Third Avenue's fundamentals will not take into account other important factors: Third Avenue Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Third Avenue's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Third Avenue Value, and traders can use it to determine the average amount a Third Avenue's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1539
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| Cash | TAVFX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Third Avenue is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Third Avenue by adding it to a well-diversified portfolio.
Third Avenue Fundamentals Growth
Third Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Third Avenue, and Third Avenue fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Third Mutual Fund performance.
| Price To Earning | 18.05 X | |||
| Price To Book | 1.34 X | |||
| Price To Sales | 1.31 X | |||
| Total Asset | 723.1 M | |||
About Third Avenue Performance
To evaluate Third Avenue Value Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Third Avenue generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Third Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Third Avenue Value market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Third's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about Third Avenue Value performance evaluation
Checking the ongoing alerts about Third Avenue for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Third Avenue Value help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 6.55% of its assets in cash |
- Analyzing Third Avenue's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Third Avenue's stock is overvalued or undervalued compared to its peers.
- Examining Third Avenue's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Third Avenue's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Third Avenue's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Third Avenue's mutual fund. These opinions can provide insight into Third Avenue's potential for growth and whether the stock is currently undervalued or overvalued.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.