Third Avenue (Ireland) Risk Analysis And Volatility Evaluation

F000002PCS -- Ireland Fund  

USD 58.91  0.40  0.68%

Macroaxis considers Third Avenue to be unknown risk. Third Avenue Real owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3801 which indicates Third Avenue Real had -0.3801% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Third Avenue Real Estate Val A1 USD exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Third Avenue to confirm risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Third Avenue Real Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Third Avenue has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and Third Avenue are completely uncorrelated. Furthermore, Third Avenue Real Estate Val A1 USDIt does not look like Third Avenue alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Third Avenue is -263.11. The daily returns are destributed with a variance of 0.51 and standard deviation of 0.72. The mean deviation of Third Avenue Real Estate Val A1 USD is currently at 0.56. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=0.72
Ir
Information ratio =0.00

Actual Return Volatility

Third Avenue Real Estate Val A1 USD accepts 0.7164% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Third Avenue Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Third Avenue Investment Opportunity
Third Avenue Real Estate Val A1 USD has a volatility of 0.72 and is 1.31 times more volatile than DOW. 6% of all equities and portfolios are less risky than Third Avenue. Compared to the overall equity markets, volatility of historical daily returns of Third Avenue Real Estate Val A1 USD is lower than 6 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Third Avenue Current Risk Indicators
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