53.82 -0.31 (-0.57%) Sell

OFLX is a falling knife, continues to bleed every investor trying to catch it

13 min read

OMEGA FLEX, INC. was among the worst performers today. It lost -0.57% to close at 53.82. During the last week it lost -0.61% and saw a maximum drawdown of -0.61%.

[Themes containing OFLX]

OFLX is currently in a down trend. The current bearish signal has generated a profit of +28.38% for investors in the last three months.


OFLX has been underperforming the SP500 index in recent time, after having outperformed till 27 Jul, 2018. Over the last 2 years 11 months and 9 days, OFLX outperformed the SP500 index on 51% days.

OFLX returned losses on 67% days in the last three months. During this time, it delivered on average -0.53% per day. It delivered it's worst daily return of -3.81%, during this period, on Thursday, 11 Oct, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +3.18% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -9.37% of investor capital.

OFLX had 5 profitable and 7 loss making months over the last year. During the last year, OFLX underperformed SP500 index on monthly return basis. OFLX was also a more risky investment than SP500 index as it's worst month in the last year, Sep 2018, returned -19.82% compared to -7.28% returned by SP500 index in Oct 2018. OFLX had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.

Don't tell me where your priorities are. Show me where you spend your money and I'll tell you what they are.
-- James W. Frick

OFLX is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in OFLX's volatility from 17 Sep, 2018 to 16 Nov, 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 OFLX 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 OFLX. Therefore, SP500 must receive a lower allocation than OFLX in your portfolio. SP500 index usually has shorter drawdown period than OFLX.

Based on your interest in OFLX you may find it interesting to know that UNH and MSFT are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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