Third Avenue One Year Return vs. Price To Sales
| TVSVX Fund | USD 21.57 0.21 0.98% |
For Third Avenue profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Third Avenue to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Third Avenue Small Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Third Avenue's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Third Avenue Small Cap over time as well as its relative position and ranking within its peers.
Third |
Third Avenue Small Price To Sales vs. One Year Return Fundamental Analysis
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. Third Avenue Small Cap is rated top fund in one year return among similar funds. It also is rated top fund in price to sales among similar funds fabricating about 0.03 of Price To Sales per One Year Return. The ratio of One Year Return to Price To Sales for Third Avenue Small Cap is roughly 30.11 . 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 Price To Sales vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Third Avenue |
| = | 20.78 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Third Avenue |
| = | 0.69 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Third Price To Sales Comparison
Third Avenue is currently under evaluation in price to sales among similar funds.
Third Avenue Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Third Avenue, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Third Avenue will eventually generate negative long term returns. The profitability progress is the general direction of Third Avenue's change in net profit over the period of time. It can combine multiple indicators of Third Avenue, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Third Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Third Avenue. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Third Avenue position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Third Avenue's important profitability drivers and their relationship over time.
Use Third Avenue in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Third Avenue position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Third Avenue will appreciate offsetting losses from the drop in the long position's value.Third Avenue Pair Trading
Third Avenue Small Cap Pair Trading Analysis
The ability to find closely correlated positions to Third Avenue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Third Avenue when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Third Avenue - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Third Avenue Small Cap to buy it.
The correlation of Third Avenue is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Third Avenue moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Third Avenue Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Third Avenue can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Third Avenue position
In addition to having Third Avenue in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Junk Bonds Funds Thematic Idea Now
Junk Bonds Funds
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.
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Other Information on Investing in Third Mutual Fund
To fully project Third Avenue's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Third Avenue Small at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Third Avenue's income statement, its balance sheet, and the statement of cash flows.
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