Third Avenue Small Cap Fund Manager Performance Evaluation
| TASCX Fund | USD 22.46 0.01 0.04% |
The entity has a beta of 1.23, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Third Avenue will likely underperform.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Third Avenue Small Cap are ranked lower than 3 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Third Avenue is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 1st of March 2023 | |
| Expense Ratio | 1.1500 |
Third |
Third Avenue Relative Risk vs. Return Landscape
If you would invest 2,192 in Third Avenue Small Cap on August 29, 2024 and sell it today you would earn a total of 55.00 from holding Third Avenue Small Cap or generate 2.51% return on investment over 90 days. Third Avenue Small Cap is currently producing 0.0446% returns and takes up 1.1034% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Third, and 99% 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 Small has a current Real Value of $22.31 per share. The regular price of the fund is $22.46. We determine the value of Third Avenue Small 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.
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 22.46 | Real 22.31 | Hype 22.46 | Naive 22.32 |
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 Small Cap 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 Small Cap, 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 = 0.0405
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TASCX |
Estimated Market Risk
| 1.1 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Third Avenue is performing at about 3% 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 | 19.00 X | |||
| Price To Book | 1.65 X | |||
| Price To Sales | 0.71 X | |||
| Total Asset | 164.56 M | |||
About Third Avenue Performance
Evaluating Third Avenue's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Third Avenue has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Third Avenue has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its objective by acquiring equity securities, including common stocks and convertible securities, of well-financed small companies at a discount to what the Adviser believes is their intrinsic value. The advisor expects to invest at least 80 percent of its net assets in securities of companies that are considered small. It also invests in both domestic and foreign securities.Things to note about Third Avenue Small 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 Small 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 9.85% 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.
Other Information on Investing in Third Mutual Fund
Third Avenue financial ratios help investors to determine whether Third Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Third with respect to the benefits of owning Third Avenue security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |