Third Avenue (Ireland) Manager Performance Evaluation

F000002PCS -- Ireland Fund  

USD 59.78  0.23  0.39%

The entity has beta of 0.0 which indicates the returns on MARKET and Third Avenue are completely uncorrelated. Even though it is essential to pay attention to Third Avenue Real current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Third Avenue Real Estate Val A1 USD exposes twenty-one different technical indicators which can help you to evaluate its performance.
 Time Horizon     30 Days    Login   to change

Third Avenue Real Relative Risk vs. Return Landscape

If you would invest  6,022  in Third Avenue Real Estate Val A1 USD on July 16, 2018 and sell it today you would lose (44.00)  from holding Third Avenue Real Estate Val A1 USD or give up 0.73% of portfolio value over 30 days. Third Avenue Real Estate Val A1 USD is generating negative expected returns and assumes 0.5764% volatility on return distribution over the 30 days horizon. Simply put, 5% of equities are less volatile than Third Avenue Real Estate Val A1 USD and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Third Avenue Real Estate Val A1 USD is expected to under-perform the market. In addition to that, the company is 1.34 times more volatile than its market benchmark. It trades about -0.18 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of volatility.

Third Avenue Current Valuation

Not valued
August 15, 2018
59.78
Market Value
0.00
Real Value
Target Odds
  
0.00
Upside
Third Avenue is Unknown risk asset. Third Avenue Real current Real Value cannot be determined due to lack of data. The regular price of Third Avenue Real is $59.78. Based on Macroaxis valuation methodology, the fund cannot be evaluated at this time. We determine the value of Third Avenue Real from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend to buy undervalued stocks and to dispose of overvalued stocks since at some point securities prices and their ongoing real values will draw towards each other.

Third Avenue Market Risk Analysis

Sharpe Ratio = -0.1792
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Third Avenue Relative Performance Indicators

Estimated Market Risk
 0.58
  actual daily
 
 95 %
of total potential
  
Expected Return
 -0.1
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 -0.18
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average Third Avenue is performing at about 0% 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.

Performance Rating

Third Avenue Real Estate Val A1 USD Risk Adjusted Performance Analysis
0 

Risk-Adjusted Fund Performance

Over the last 30 days Third Avenue Real Estate Val A1 USD has generated negative risk-adjusted returns adding no value to fund investors.

Third Avenue Alerts

Equity Alerts and Improvement Suggestions
Third Avenue Real generates negative expected return over the last 30 days
The fund retains 98.31% of its assets under management (AUM) in equities
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