Metal (MTL)

Current price: $ 1.35

24 hours price change: $ 0.22 (18.91%)

Daily analysis of Metal (MTL) - 1 month

The performance of Metal regarding the price differs every day. To make the best decision to buy Metal, we are analysis in this article the performance of Metal on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 1st, 2021 to March 1st, 2021.

In the barchart below, the weekdays and average performance of Metal are shown side by side.

Average daily change in price of Metal per weekday between 02/01/2021 and 03/01/2021.

According to the performance of Metal between February 1st, 2021 and March 1st, 2021, Metal performed the best on Thursdays. On average, the price of Metal increased 11.51% on Thursday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -3.35%.

Metal weekday performance

The increase in value of the Metal is 5.29% on an average Sunday. However, the uncertainty on the average change is high for the Metal on Sundays. This is the reason why an expected increase of the Metal on an average Sunday cannot be predicted. The standard deviation for Metal on Sundays is high, namely 7.24%. This means that the expected range of value change for the Metal is -1.95% and 12.53% on 68% of the Sundays.

The decrease in value of the Metal is -3.35% on an average Monday. The uncertainty of the average change is high for the Metal on Mondays. This means that it is hard to tell whether the Metal will decrease or increase in value on an average Monday. If we look at the 68% range of the Metal, we see that on 68% of the Mondays, the expected change of the Metal is between -6.01% and -0.70%.

It is hard to tell whether the Metal will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Metal is -0.14%. However, the standard deviation on this weekday is 3.09%. This means that on most Tuesdays, the change in value of the Metal is between -3.23% and 2.95%.

On an average Wednesday the Metal shows an increase in value of 2.06%. However, the change of Metal on most of the Wednesdays is between -5.10% and 9.21%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Metals.

On Thursdays, the average increase of the value of the Metal is very high. The average increase is 11.51%. The standard deviation of the Metal on Thursdays is 10.27%. This means that on 68% of the Thursdays, the Metal increases between 1.24% and 21.78%. The uncertainty is therefore not very high, since on most Thursdays, the value of the Metal will increase.

On Fridays, the Metal decreases in value on average with -0.76%. On most of the Fridays the Metal decreases in value between -6.84% and 5.33%. The uncertainty (6.08%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Metal on Fridays is large.

The increase in value of the Metal is 6.17% on an average Saturday. However, the uncertainty on the average change is high for the Metal on Saturdays. This is the reason why an expected increase of the Metal on an average Saturday cannot be predicted. The standard deviation for Metal on Saturdays is high, namely 13.13%. This means that the expected range of value change for the Metal is -6.97% and 19.30% on 68% of the Saturdays.

Metal weekday performance details

Find below the details of the performance of Metal 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 5.29% 7.24% -1.95% to 12.53%
Monday -3.35% 2.66% -6.01% to -0.70%
Tuesday -0.14% 3.09% -3.23% to 2.95%
Wednesday 2.06% 7.16% -5.10% to 9.21%
Thursday 11.51% 10.27% 1.24% to 21.78%
Friday -0.76% 6.08% -6.84% to 5.33%
Saturday 6.17% 13.13% -6.97% to 19.30%
 

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