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%.
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 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.
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