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 November 9th, 2020 to May 9th, 2021.
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 11/09/2020 and 05/09/2021.
According to the performance of ODEM between November 9th, 2020 and May 9th, 2021, ODEM performed the best on Saturdays. On average, the price of ODEM increased 2.31% on Saturday.
The weekday on which the ODEM performed the worst, is Tuesday. On Tuesdays, the ODEM declined in value on average by -1.61%.
ODEM weekday performance
On an average Sunday the ODEM shows an increase in value of 1.48%. However, the change of ODEM on most of the Sundays is between -5.09% and 8.06%. Therefore it is hard to tell whether an average Sunday is a good day to start buying ODEMs.
Allthough the ODEM decreases in value with -0.47% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Mondays is 3.82%. This means that the expected change of the value of ODEM is between -4.28% and 3.35% on 68 out of 100 Mondays.
The ODEM declines in value on an average Tuesday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 4.68%. This means that it is not possible to say whether on a regular Tuesday the ODEM will increase or decrease in value.
Historical performance on Wednesday do not show an increase in value of the ODEM on which a prediction can be made. The ODEM increased in value on average on an average Wednesday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the ODEM on a Wednesday is between -2.83% and 4.76% (see also the table below).
ODEM increased in value on an average Thursday only slightly. The average increase in value of the ODEM was 0.08%. 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 (1.47%). This means that on 68 percent of the Thursdays, the change in price of the ODEM is expected to be in the range of -1.40% and 1.55%.
ODEM increased in value on an average Friday only slightly. The average increase in value of the ODEM was 0.25%. 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 (2.15%). This means that on 68 percent of the Fridays, the change in price of the ODEM is expected to be in the range of -1.90% and 2.40%.
On an average Saturday the ODEM shows an increase in value of 2.31%. However, the change of ODEM on most of the Saturdays is between -4.12% and 8.75%. 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 | 1.48% | 6.58% | -5.09% to 8.06% |
| Monday | -0.47% | 3.82% | -4.28% to 3.35% |
| Tuesday | -1.61% | 4.68% | -6.28% to 3.07% |
| Wednesday | 0.97% | 3.80% | -2.83% to 4.76% |
| Thursday | 0.08% | 1.47% | -1.40% to 1.55% |
| Friday | 0.25% | 2.15% | -1.90% to 2.40% |
| Saturday | 2.31% | 6.44% | -4.12% to 8.75% |