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 year, starting on December 2nd, 2020 to December 2nd, 2021.
In the barchart below, the weekdays and average performance of Metal are shown side by side.
According to the performance of Metal between December 2nd, 2020 and December 2nd, 2021, Metal performed the best on Mondays. On average, the price of Metal increased 5.16% on Monday.
The weekday on which the Metal performed the worst, is Friday. On Fridays, the Metal declined in value on average by -0.28%.
Metal weekday performance
On an average Sunday, the Metal increased 0.53%. However, since the expected deviation is 3.04%, the Metal will decline in value on a Sunday quiet regularly. The expected price change of the Metal on a Sunday is between -2.50% and 3.57%.
The increase in value of the Metal is 5.16% on an average Monday. However, the uncertainty on the average change is high for the Metal on Mondays. This is the reason why an expected increase of the Metal on an average Monday cannot be predicted. The standard deviation for Metal on Mondays is high, namely 30.11%. This means that the expected range of value change for the Metal is -24.95% and 35.27% on 68% of the Mondays.
On an average Tuesday the Metal shows an increase in value of 1.32%. However, the change of Metal on most of the Tuesdays is between -10.29% and 12.93%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Metals.
On an average Wednesday, the Metal increased 0.57%. However, since the expected deviation is 4.73%, the Metal will decline in value on a Wednesday quiet regularly. The expected price change of the Metal on a Wednesday is between -4.16% and 5.30%.
On an average Thursday the Metal shows an increase in value of 1.19%. However, the change of Metal on most of the Thursdays is between -4.46% and 6.85%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.
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 -0.28%. However, the standard deviation on this weekday is 3.18%. This means that on most Fridays, the change in value of the Metal is between -3.46% and 2.90%.
Historical performance on Saturday 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 Saturday with 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Saturday is between -3.70% and 5.34% (see also the table below).
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||0.53%||3.04%||-2.50% to 3.57%|
|Monday||5.16%||30.11%||-24.95% to 35.27%|
|Tuesday||1.32%||11.61%||-10.29% to 12.93%|
|Wednesday||0.57%||4.73%||-4.16% to 5.30%|
|Thursday||1.19%||5.65%||-4.46% to 6.85%|
|Friday||-0.28%||3.18%||-3.46% to 2.90%|
|Saturday||0.82%||4.52%||-3.70% to 5.34%|