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 December 2nd, 2021.
In the barchart below, the weekdays and average performance of ODEM are shown side by side.
According to the performance of ODEM between May 8th, 2018 and December 2nd, 2021, ODEM performed the best on Fridays. On average, the price of ODEM increased 2.33% on Friday.
The weekday on which the ODEM performed the worst, is Monday. On Mondays, the ODEM declined in value on average by -1.16%.
ODEM weekday performance
Allthough the ODEM decreases in value with -0.59% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Sundays is 6.94%. This means that the expected change of the value of ODEM is between -7.54% and 6.35% on 68 out of 100 Sundays.
The ODEM declines in value on an average Monday with -1.16%. However, the uncertainty (or standard deviation) is quite large, namely 7.13%. This means that it is not possible to say whether on a regular Monday the ODEM will increase or decrease in value.
Allthough the ODEM decreases in value with -0.45% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Tuesdays is 8.04%. This means that the expected change of the value of ODEM is between -8.49% and 7.58% on 68 out of 100 Tuesdays.
It is hard to tell whether the ODEM will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ODEM is -0.20%. However, the standard deviation on this weekday is 6.50%. This means that on most Wednesdays, the change in value of the ODEM is between -6.70% and 6.30%.
Allthough the ODEM decreases in value with -0.45% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Thursdays is 7.68%. This means that the expected change of the value of ODEM is between -8.13% and 7.24% on 68 out of 100 Thursdays.
On an average Friday the ODEM shows an increase in value of 2.33%. However, the change of ODEM on most of the Fridays is between -12.66% and 17.33%. Therefore it is hard to tell whether an average Friday is a good day to start buying ODEMs.
On an average Saturday, the ODEM increased 0.45%. However, since the expected deviation is 7.26%, the ODEM will decline in value on a Saturday quiet regularly. The expected price change of the ODEM on a Saturday is between -6.81% and 7.70%.
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||-0.59%||6.94%||-7.54% to 6.35%|
|Monday||-1.16%||7.13%||-8.29% to 5.98%|
|Tuesday||-0.45%||8.04%||-8.49% to 7.58%|
|Wednesday||-0.20%||6.50%||-6.70% to 6.30%|
|Thursday||-0.45%||7.68%||-8.13% to 7.24%|
|Friday||2.33%||15.00%||-12.66% to 17.33%|
|Saturday||0.45%||7.26%||-6.81% to 7.70%|