Metal (MTL)

Current price: $ 0.31

24 hours price change: $ 0.001322 (0.43%)

Daily analysis of Metal (MTL) - 1 month

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 1 month, starting on September 20th, 2019 to October 20th, 2019.

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 09/20/2019 and 10/20/2019.

According to the performance of Metal between September 20th, 2019 and October 20th, 2019, Metal performed the best on Tuesdays. On average, the price of Metal increased 8.41% on Tuesday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -4.76%.

Metal weekday performance

Metal increased in value on an average Sunday only slightly. The average increase in value of the Metal was 0.16%. 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 (3.49%). This means that on 68 percent of the Sundays, the change in price of the Metal is expected to be in the range of -3.33% and 3.65%.

The decrease in value of the Metal is -4.76% on an average Monday. The uncertainty of the average change is high for the Metal on Mondays. This means that it is hard to tell whether the Metal will decrease or increase in value on an average Monday. If we look at the 68% range of the Metal, we see that on 68% of the Mondays, the expected change of the Metal is between -14.84% and 5.31%.

The increase in value of the Metal is 8.41% on an average Tuesday. However, the uncertainty on the average change is high for the Metal on Tuesdays. This is the reason why an expected increase of the Metal on an average Tuesday cannot be predicted. The standard deviation for Metal on Tuesdays is high, namely 12.26%. This means that the expected range of value change for the Metal is -3.85% and 20.67% on 68% of the Tuesdays.

On Wednesdays, the average increase of the value of the Metal is very high. The average increase is 4.27%. The standard deviation of the Metal on Wednesdays is 4.06%. This means that on 68% of the Wednesdays, the Metal increases between 0.21% and 8.34%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Metal will increase.

The increase in value of the Metal is 5.76% on an average Thursday. However, the uncertainty on the average change is high for the Metal on Thursdays. This is the reason why an expected increase of the Metal on an average Thursday cannot be predicted. The standard deviation for Metal on Thursdays is high, namely 8.90%. This means that the expected range of value change for the Metal is -3.14% and 14.65% on 68% of the Thursdays.

Historical performance on Friday do not show an increase in value of the Metal on which a prediction can be made. The Metal increased in value on average on an average Friday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Friday is between -0.36% and 2.16% (see also the table below).

Allthough the Metal decreases in value with -0.35% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Saturdays is 1.93%. This means that the expected change of the value of Metal is between -2.28% and 1.58% on 68 out of 100 Saturdays.

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 0.16% 3.49% -3.33% to 3.65%
Monday -4.76% 10.08% -14.84% to 5.31%
Tuesday 8.41% 12.26% -3.85% to 20.67%
Wednesday 4.27% 4.06% 0.21% to 8.34%
Thursday 5.76% 8.90% -3.14% to 14.65%
Friday 0.90% 1.26% -0.36% to 2.16%
Saturday -0.35% 1.93% -2.28% to 1.58%