COLUMBIA SPORTSWEAR CO

84.54 -3.08 (-3.65%) Sell

Are you evaluating investing in COLM? Avoid as it was among the worst performers

13 min read

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.

[Themes containing COLM]

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.

Trend

COLM has been underperforming the SP500 index in recent time, after having outperformed till 2 Nov, 2018. Over the last 2 years 11 months and 9 days, COLM outperformed the SP500 index on 54% days.

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.

SP500 index has more chance of extreme outcomes than COLM. Therefore, SP500 must receive a lower allocation than COLM in your portfolio. SP500 index usually has shorter drawdown period than COLM.

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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