ODEM (ODE)

Current price: $ 0.07

24 hours price change: $ 0.004847 (8.00%)

Daily analysis of ODEM (ODE) - all

The performance of ODEM regarding the price differs every day. To make the best decision to buy ODEM, we are analysis in this article the performance of ODEM on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on May 8th, 2018 to October 15th, 2019.

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

Average daily change in price of ODEM per weekday between 05/08/2018 and 10/15/2019.

According to the performance of ODEM between May 8th, 2018 and October 15th, 2019, ODEM performed the best on Fridays. On average, the price of ODEM increased 4.07% on Friday.

The weekday on which the ODEM performed the worst, is Monday. On Mondays, the ODEM declined in value on average by -1.03%.

ODEM weekday performance

Allthough the ODEM decreases in value with -0.51% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Sundays is 7.70%. This means that the expected change of the value of ODEM is between -8.21% and 7.19% on 68 out of 100 Sundays.

The ODEM declines in value on an average Monday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 6.97%. This means that it is not possible to say whether on a regular Monday the ODEM will increase or decrease in value.

ODEM increased in value on an average Tuesday only slightly. The average increase in value of the ODEM was 0.16%. Allthough the ODEM closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.06%). This means that on 68 percent of the Tuesdays, the change in price of the ODEM is expected to be in the range of -7.89% and 8.22%.

Allthough the ODEM decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Wednesdays is 7.72%. This means that the expected change of the value of ODEM is between -8.26% and 7.18% on 68 out of 100 Wednesdays.

On Thursdays, the ODEM decreases in value on average with -0.64%. On most of the Thursdays the ODEM decreases in value between -8.83% and 7.55%. The uncertainty (8.19%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the ODEM on Thursdays is large.

The increase in value of the ODEM is 4.07% on an average Friday. However, the uncertainty on the average change is high for the ODEM on Fridays. This is the reason why an expected increase of the ODEM on an average Friday cannot be predicted. The standard deviation for ODEM on Fridays is high, namely 17.94%. This means that the expected range of value change for the ODEM is -13.87% and 22.02% on 68% of the Fridays.

On an average Saturday the ODEM shows an increase in value of 1.35%. However, the change of ODEM on most of the Saturdays is between -7.69% and 10.39%. Therefore it is hard to tell whether an average Saturday is a good day to start buying ODEMs.

ODEM weekday performance details

Find below the details of the performance of ODEM 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 -0.51% 7.70% -8.21% to 7.19%
Monday -1.03% 6.97% -8.00% to 5.94%
Tuesday 0.16% 8.06% -7.89% to 8.22%
Wednesday -0.54% 7.72% -8.26% to 7.18%
Thursday -0.64% 8.19% -8.83% to 7.55%
Friday 4.07% 17.94% -13.87% to 22.02%
Saturday 1.35% 9.04% -7.69% to 10.39%