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 May 27th, 2021 to November 27th, 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 27th, 2021 and November 27th, 2021, ODEM performed the best on Fridays. On average, the price of ODEM increased 4.76% on Friday.
The weekday on which the ODEM performed the worst, is Saturday. On Saturdays, the ODEM declined in value on average by -1.32%.
ODEM weekday performance
ODEM increased in value on an average Sunday only slightly. The average increase in value of the ODEM was 0.23%. 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 (2.06%). This means that on 68 percent of the Sundays, the change in price of the ODEM is expected to be in the range of -1.83% and 2.29%.
Allthough the ODEM decreases in value with -0.31% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Mondays is 2.37%. This means that the expected change of the value of ODEM is between -2.68% and 2.07% on 68 out of 100 Mondays.
On an average Tuesday, the ODEM increased 0.33%. However, since the expected deviation is 1.69%, the ODEM will decline in value on a Tuesday quiet regularly. The expected price change of the ODEM on a Tuesday is between -1.36% and 2.03%.
On Wednesdays, the ODEM decreases in value on average with -0.65%. On most of the Wednesdays the ODEM decreases in value between -3.94% and 2.64%. The uncertainty (3.29%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the ODEM on Wednesdays is large.
Allthough the ODEM decreases in value with -0.46% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Thursdays is 1.38%. This means that the expected change of the value of ODEM is between -1.84% and 0.92% on 68 out of 100 Thursdays.
The increase in value of the ODEM is 4.76% 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 24.12%. This means that the expected range of value change for the ODEM is -19.35% and 28.88% on 68% of the Fridays.
The ODEM declines in value on an average Saturday with -1.32%. However, the uncertainty (or standard deviation) is quite large, namely 6.11%. This means that it is not possible to say whether on a regular Saturday the ODEM will increase or decrease in value.
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||0.23%||2.06%||-1.83% to 2.29%|
|Monday||-0.31%||2.37%||-2.68% to 2.07%|
|Tuesday||0.33%||1.69%||-1.36% to 2.03%|
|Wednesday||-0.65%||3.29%||-3.94% to 2.64%|
|Thursday||-0.46%||1.38%||-1.84% to 0.92%|
|Friday||4.76%||24.12%||-19.35% to 28.88%|
|Saturday||-1.32%||6.11%||-7.43% to 4.80%|