COLM was among the worst performers today. On a longer term basis, investors in COLUMBIA SPORTSWEAR CO made -0.07% per day. Thursday's performance of -3.65% was a significant underperformance compared to it's daily average.
COLM showed a down trend over the last 3 months. During this period COLM lost -6.62% and saw a maximum drawdown of -10.95%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in COLM till volatility reduces and a clear trend emerges.
During the last three months COLM was mostly loss making and delivered on average -0.09% per day. It's best return during this period (of +4.94%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -4.06%) was on Wednesday, 10 Oct, 2018. There was initially a bullish trend during this period which started on 25 Sep, 2018 and went on till 1 Oct, 2018. The bullish trend returned +3.21% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -7.91% of investor capital.
COLM had 9 profitable and 3 loss making months over the last year. COLM was profitable in more months than SP500 index. COLM significantly outperformed SP500 index in Apr 2018, when it returned +10.47% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. COLM and SP500 index, both had periods of 6 consecutive profitable months.
Financial support is one thing, but I always think what becomes really sacrificial is your time.
-- Cliff Richard
COLM is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in COLM's volatility from 17 Sep, 2018 to 12 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that COLM has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
Based on your interest in COLM you may find it interesting to know that BURL is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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