OXM continues its fall as more investors loose confidence
13 Dec, 201813 min read
Share with friends 
OXFORD INDUSTRIES INC performed worse than the broader market today. It returned 0.0% to close at 67.24. During the last week it returned -10.7% and saw a maximum drawdown of -10.7%.
Buy-and-Hold investors in OXM experienced a maximum drawdown of -27.28% over the last three months. It returned -24.95% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +24.21%.
OXM has been underperforming the SP500 index in recent time, after having outperformed till 3 Mar, 2016. Over the last 2 years 11 months and 9 days, OXM underperformed the SP500 index on 49% days. Which indicates that on days OXM underperforms the SP500 index, it's performance is marginally worse than on the days it outperforms the SP500 index.
During the last three months OXM delivered profits on 52% days. However, it still managed to end this period in a loss. It's best return during this period (of +3.86%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -10.12%) was on Thursday, 13 Dec, 2018. There was initially a bearish trend during this period which started on 4 Oct, 2018 and went on till 10 Oct, 2018. The trend delivered -8.32% losses to investors. This was followed by a bullish trend that started on 22 Oct, 2018 and ended on 30 Oct, 2018. This bullish trend delivered +10.01% to investors.
On monthly basis, OXM delivered profits in more months over the last year, than losses. OXM delivered profits less regularly than SP500 index. OXM was also a more risky investment than SP500 index as it's worst month in the last year, Dec 2018, returned -16.36% compared to -7.28% returned by SP500 index in Oct 2018. OXM had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year. It is interesting to note that both OXM and SP500 index significantly outperform during months when quarterly/annual results are announced.
"Wide diversification is only required when investors do not understand what they are doing.
OXM 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 OXM's volatility from 1 Oct, 2018 to 13 Dec, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that OXM has significant negative skewness in it's return distribution. This indicates that OXM is very risky for short-term investment and can significantly underperform for long durations.
SP500 index has more chance of extreme outcomes than OXM. Therefore, SP500 must receive a lower allocation than OXM in your portfolio. SP500 index usually has shorter drawdown period than OXM.
Based on your interest in OXM you may find it interesting to know that ~SMALLCAP, NSPR and APRN have all shown remarkable performance and qualify to be on every investor's watchlist.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.
If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute