Metal (MTL)

Current price: $ 0.43

24 hours price change: $ -0.01 (-2.99%)

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 December 17th, 2020 to January 16th, 2021.

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 12/17/2020 and 01/16/2021.

According to the performance of Metal between December 17th, 2020 and January 16th, 2021, Metal performed the best on Wednesdays. On average, the price of Metal increased 3.21% on Wednesday.

The weekday on which the Metal performed the worst, is Tuesday. On Tuesdays, the Metal declined in value on average by -1.58%.

Metal weekday performance

On Sundays, the Metal decreases in value on average with -0.76%. On most of the Sundays the Metal decreases in value between -1.45% and -0.06%. The uncertainty (0.69%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Metal on Sundays is large.

The Metal declines in value on an average Monday with -1.22%. However, the uncertainty (or standard deviation) is quite large, namely 0.50%. This means that it is not possible to say whether on a regular Monday the Metal will increase or decrease in value.

The Metal declines in value on an average Tuesday with -1.58%. However, the uncertainty (or standard deviation) is quite large, namely 1.18%. This means that it is not possible to say whether on a regular Tuesday the Metal will increase or decrease in value.

The increase in value of the Metal is 3.21% on an average Wednesday. However, the uncertainty on the average change is high for the Metal on Wednesdays. This is the reason why an expected increase of the Metal on an average Wednesday cannot be predicted. The standard deviation for Metal on Wednesdays is high, namely 4.19%. This means that the expected range of value change for the Metal is -0.98% and 7.40% on 68% of the Wednesdays.

On an average Thursday the Metal shows an increase in value of 2.08%. However, the change of Metal on most of the Thursdays is between -4.79% and 8.94%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.

Allthough the Metal decreases in value with -0.49% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Fridays is 3.02%. This means that the expected change of the value of Metal is between -3.51% and 2.53% on 68 out of 100 Fridays.

The Metal declines in value on an average Saturday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 1.55%. This means that it is not possible to say whether on a regular Saturday the Metal will increase or decrease in value.

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 -0.76% 0.69% -1.45% to -0.06%
Monday -1.22% 0.50% -1.71% to -0.72%
Tuesday -1.58% 1.18% -2.76% to -0.39%
Wednesday 3.21% 4.19% -0.98% to 7.40%
Thursday 2.08% 6.86% -4.79% to 8.94%
Friday -0.49% 3.02% -3.51% to 2.53%
Saturday -1.12% 1.55% -2.67% to 0.42%
 

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