Metal (MTL)

Current price: $ 0.32

24 hours price change: $ 0.003765 (1.18%)

Daily analysis of Metal (MTL) - all

The performance of Metal regarding the price differs every day. To make the best decision to buy Metal, we are analysis in this article the performance of Metal on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on July 8th, 2017 to October 23rd, 2020.

In the barchart below, the weekdays and average performance of Metal are shown side by side.

Average daily change in price of Metal per weekday between 07/08/2017 and 10/23/2020.

According to the performance of Metal between July 8th, 2017 and October 23rd, 2020, Metal performed the best on Sundays. On average, the price of Metal increased 1.10% on Sunday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -0.35%.

Metal weekday performance

On an average Sunday the Metal shows an increase in value of 1.10%. However, the change of Metal on most of the Sundays is between -6.87% and 9.08%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Metals.

Allthough the Metal decreases in value with -0.35% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Mondays is 8.72%. This means that the expected change of the value of Metal is between -9.07% and 8.36% on 68 out of 100 Mondays.

Metal increased in value on an average Tuesday only slightly. The average increase in value of the Metal was 0.29%. Allthough the Metal closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.30%). This means that on 68 percent of the Tuesdays, the change in price of the Metal is expected to be in the range of -7.01% and 7.59%.

It is hard to tell whether the Metal will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Metal is -0.02%. However, the standard deviation on this weekday is 7.95%. This means that on most Wednesdays, the change in value of the Metal is between -7.97% and 7.93%.

Metal increased in value on an average Thursday only slightly. The average increase in value of the Metal was 0.19%. Allthough the Metal closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.13%). This means that on 68 percent of the Thursdays, the change in price of the Metal is expected to be in the range of -7.95% and 8.32%.

It is hard to tell whether the Metal will increase or decrease in value on an average Friday. The average change on a Friday for the Metal is -0.08%. However, the standard deviation on this weekday is 5.34%. This means that on most Fridays, the change in value of the Metal is between -5.41% and 5.26%.

It is hard to tell whether the Metal will increase or decrease in value on an average Saturday. The average change on a Saturday for the Metal is -0.02%. However, the standard deviation on this weekday is 6.39%. This means that on most Saturdays, the change in value of the Metal is between -6.40% and 6.37%.

Metal weekday performance details

Find below the details of the performance of Metal per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 1.10% 7.98% -6.87% to 9.08%
Monday -0.35% 8.72% -9.07% to 8.36%
Tuesday 0.29% 7.30% -7.01% to 7.59%
Wednesday -0.02% 7.95% -7.97% to 7.93%
Thursday 0.19% 8.13% -7.95% to 8.32%
Friday -0.08% 5.34% -5.41% to 5.26%
Saturday -0.02% 6.39% -6.40% to 6.37%
 

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