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 6 months, starting on December 3rd, 2019 to June 2nd, 2020.
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 12/03/2019 and 06/02/2020.
According to the performance of ODEM between December 3rd, 2019 and June 2nd, 2020, ODEM performed the best on Fridays. On average, the price of ODEM increased 0.44% on Friday.
The weekday on which the ODEM performed the worst, is Monday. On Mondays, the ODEM declined in value on average by -2.56%.
ODEM weekday performance
It is hard to tell whether the ODEM will increase or decrease in value on an average Sunday. The average change on a Sunday for the ODEM is -0.13%. However, the standard deviation on this weekday is 1.70%. This means that on most Sundays, the change in value of the ODEM is between -1.83% and 1.57%.
The ODEM declines in value on an average Monday with -2.56%. However, the uncertainty (or standard deviation) is quite large, namely 10.87%. This means that it is not possible to say whether on a regular Monday the ODEM will increase or decrease in value.
The ODEM declines in value on an average Tuesday with -2.06%. However, the uncertainty (or standard deviation) is quite large, namely 12.36%. This means that it is not possible to say whether on a regular Tuesday the ODEM will increase or decrease in value.
The ODEM declines in value on an average Wednesday with -1.28%. However, the uncertainty (or standard deviation) is quite large, namely 6.58%. This means that it is not possible to say whether on a regular Wednesday the ODEM will increase or decrease in value.
ODEM increased in value on an average Thursday only slightly. The average increase in value of the ODEM was 0.27%. 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 (2.28%). This means that on 68 percent of the Thursdays, the change in price of the ODEM is expected to be in the range of -2.01% and 2.55%.
On an average Friday, the ODEM increased 0.44%. However, since the expected deviation is 1.53%, the ODEM will decline in value on a Friday quiet regularly. The expected price change of the ODEM on a Friday is between -1.09% and 1.98%.
It is hard to tell whether the ODEM will increase or decrease in value on an average Saturday. The average change on a Saturday for the ODEM is -0.15%. However, the standard deviation on this weekday is 4.64%. This means that on most Saturdays, the change in value of the ODEM is between -4.78% and 4.49%.
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 | -0.13% | 1.70% | -1.83% to 1.57% |
| Monday | -2.56% | 10.87% | -13.42% to 8.31% |
| Tuesday | -2.06% | 12.36% | -14.42% to 10.29% |
| Wednesday | -1.28% | 6.58% | -7.87% to 5.30% |
| Thursday | 0.27% | 2.28% | -2.01% to 2.55% |
| Friday | 0.44% | 1.53% | -1.09% to 1.98% |
| Saturday | -0.15% | 4.64% | -4.78% to 4.49% |