Metal (MTL)

Current price: $ 1.30

24 hours price change: $ -0.005000 (-0.38%)

Daily analysis of Metal (MTL) - 1 year

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 year, starting on March 8th, 2020 to March 8th, 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 03/08/2020 and 03/08/2021.

According to the performance of Metal between March 8th, 2020 and March 8th, 2021, Metal performed the best on Thursdays. On average, the price of Metal increased 1.08% on Thursday.

The weekday on which the Metal performed the worst, is Tuesday. On Tuesdays, the Metal declined in value on average by -0.36%.

Metal weekday performance

Metal increased in value on an average Sunday only slightly. The average increase in value of the Metal was 0.27%. Allthough the Metal closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.61%). This means that on 68 percent of the Sundays, the change in price of the Metal is expected to be in the range of -2.35% and 2.88%.

Historical performance on Monday do not show an increase in value of the Metal on which a prediction can be made. The Metal increased in value on average on an average Monday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Monday is between -5.70% and 6.91% (see also the table below).

Allthough the Metal decreases in value with -0.36% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Tuesdays is 2.21%. This means that the expected change of the value of Metal is between -2.57% and 1.85% on 68 out of 100 Tuesdays.

Historical performance on Wednesday do not show an increase in value of the Metal on which a prediction can be made. The Metal increased in value on average on an average Wednesday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Wednesday is between -3.82% and 5.27% (see also the table below).

On an average Thursday the Metal shows an increase in value of 1.08%. However, the change of Metal on most of the Thursdays is between -3.77% and 5.93%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.

Metal increased in value on an average Friday only slightly. The average increase in value of the Metal was 0.01%. Allthough the Metal 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 Fridays, the change in price of the Metal is expected to be in the range of -2.27% and 2.29%.

On an average Saturday, the Metal increased 0.48%. However, since the expected deviation is 4.26%, the Metal will decline in value on a Saturday quiet regularly. The expected price change of the Metal on a Saturday is between -3.77% and 4.74%.

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 0.27% 2.61% -2.35% to 2.88%
Monday 0.61% 6.31% -5.70% to 6.91%
Tuesday -0.36% 2.21% -2.57% to 1.85%
Wednesday 0.72% 4.54% -3.82% to 5.27%
Thursday 1.08% 4.85% -3.77% to 5.93%
Friday 0.01% 2.28% -2.27% to 2.29%
Saturday 0.48% 4.26% -3.77% to 4.74%
 

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