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 July 27th, 2020 to January 16th, 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 07/27/2020 and 01/16/2021.
According to the performance of ODEM between July 27th, 2020 and January 16th, 2021, ODEM performed the best on Fridays. On average, the price of ODEM increased 0.66% on Friday.
The weekday on which the ODEM performed the worst, is Monday. On Mondays, the ODEM declined in value on average by -0.63%.
ODEM weekday performance
On an average Sunday, the ODEM increased 0.43%. However, since the expected deviation is 1.16%, the ODEM will decline in value on a Sunday quiet regularly. The expected price change of the ODEM on a Sunday is between -0.73% and 1.59%.
On Mondays, the ODEM decreases in value on average with -0.63%. On most of the Mondays the ODEM decreases in value between -3.60% and 2.33%. The uncertainty (2.96%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the ODEM on Mondays is large.
ODEM increased in value on an average Tuesday only slightly. The average increase in value of the ODEM was 0.06%. 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 (0.25%). This means that on 68 percent of the Tuesdays, the change in price of the ODEM is expected to be in the range of -0.20% and 0.31%.
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 -0.07%. However, the standard deviation on this weekday is 1.85%. This means that on most Wednesdays, the change in value of the ODEM is between -1.92% and 1.79%.
It is hard to tell whether the ODEM will increase or decrease in value on an average Thursday. The average change on a Thursday for the ODEM is -0.14%. However, the standard deviation on this weekday is 1.08%. This means that on most Thursdays, the change in value of the ODEM is between -1.21% and 0.94%.
Historical performance on Friday 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 Friday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the ODEM on a Friday is between -1.29% and 2.61% (see also the table below).
On an average Saturday, the ODEM increased 0.36%. However, since the expected deviation is 2.26%, the ODEM will decline in value on a Saturday quiet regularly. The expected price change of the ODEM on a Saturday is between -1.90% and 2.61%.
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 | 0.43% | 1.16% | -0.73% to 1.59% |
| Monday | -0.63% | 2.96% | -3.60% to 2.33% |
| Tuesday | 0.06% | 0.25% | -0.20% to 0.31% |
| Wednesday | -0.07% | 1.85% | -1.92% to 1.79% |
| Thursday | -0.14% | 1.08% | -1.21% to 0.94% |
| Friday | 0.66% | 1.95% | -1.29% to 2.61% |
| Saturday | 0.36% | 2.26% | -1.90% to 2.61% |