Metal (MTL)

Current price: $ 0.30

24 hours price change: $ 0.006835 (2.35%)

Daily analysis of Metal (MTL) - 1 year

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 September 23rd, 2019 to September 22nd, 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 09/23/2019 and 09/22/2020.

According to the performance of Metal between September 23rd, 2019 and September 22nd, 2020, Metal performed the best on Wednesdays. On average, the price of Metal increased 1.04% on Wednesday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -0.57%.

Metal weekday performance

Metal increased in value on an average Sunday only slightly. The average increase in value of the Metal was 0.04%. 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 (1.25%). This means that on 68 percent of the Sundays, the change in price of the Metal is expected to be in the range of -1.21% and 1.29%.

Allthough the Metal decreases in value with -0.57% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Mondays is 3.22%. This means that the expected change of the value of Metal is between -3.79% and 2.65% on 68 out of 100 Mondays.

Historical performance on Tuesday 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 Tuesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Tuesday is between -3.49% and 4.79% (see also the table below).

On an average Wednesday the Metal shows an increase in value of 1.04%. However, the change of Metal on most of the Wednesdays is between -3.08% and 5.15%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Metals.

Metal increased in value on an average Thursday only slightly. The average increase in value of the Metal was 0.28%. 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 (3.11%). This means that on 68 percent of the Thursdays, the change in price of the Metal is expected to be in the range of -2.84% and 3.39%.

Metal increased in value on an average Friday only slightly. The average increase in value of the Metal was 0.25%. 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 (1.05%). This means that on 68 percent of the Fridays, the change in price of the Metal is expected to be in the range of -0.80% and 1.29%.

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 -0.25%. However, the standard deviation on this weekday is 1.16%. This means that on most Saturdays, the change in value of the Metal is between -1.41% and 0.91%.

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 0.04% 1.25% -1.21% to 1.29%
Monday -0.57% 3.22% -3.79% to 2.65%
Tuesday 0.65% 4.14% -3.49% to 4.79%
Wednesday 1.04% 4.12% -3.08% to 5.15%
Thursday 0.28% 3.11% -2.84% to 3.39%
Friday 0.25% 1.05% -0.80% to 1.29%
Saturday -0.25% 1.16% -1.41% to 0.91%
 

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