Current price: $ 0.02

24 hours price change: $ 0.000710 (3.22%)

Daily analysis of ODEM (ODE) - 1 month

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 1 month, starting on April 16th, 2021 to May 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 04/16/2021 and 05/16/2021.

According to the performance of ODEM between April 16th, 2021 and May 16th, 2021, ODEM performed the best on Sundays. On average, the price of ODEM increased 4.91% on Sunday.

The weekday on which the ODEM performed the worst, is Tuesday. On Tuesdays, the ODEM declined in value on average by -3.11%.

ODEM weekday performance

The increase in value of the ODEM is 4.91% on an average Sunday. However, the uncertainty on the average change is high for the ODEM on Sundays. This is the reason why an expected increase of the ODEM on an average Sunday cannot be predicted. The standard deviation for ODEM on Sundays is high, namely 9.81%. This means that the expected range of value change for the ODEM is -4.91% and 14.72% on 68% of the Sundays.

On an average Monday the ODEM shows an increase in value of 1.97%. However, the change of ODEM on most of the Mondays is between -1.44% and 5.38%. Therefore it is hard to tell whether an average Monday is a good day to start buying ODEMs.

The decrease in value of the ODEM is -3.11% on an average Tuesday. The uncertainty of the average change is high for the ODEM on Tuesdays. This means that it is hard to tell whether the ODEM will decrease or increase in value on an average Tuesday. If we look at the 68% range of the ODEM, we see that on 68% of the Tuesdays, the expected change of the ODEM is between -8.66% and 2.44%.

The ODEM declines in value on an average Wednesday with -1.40%. However, the uncertainty (or standard deviation) is quite large, namely 2.12%. This means that it is not possible to say whether on a regular Wednesday the ODEM will increase or decrease in value.

Historical performance on Thursday 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 Thursday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the ODEM on a Thursday is between -1.69% and 3.48% (see also the table below).

On Fridays, the ODEM decreases in value on average with -0.66%. On most of the Fridays the ODEM decreases in value between -1.90% and 0.57%. The uncertainty (1.24%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the ODEM on Fridays is large.

ODEM increased in value on an average Saturday only slightly. The average increase in value of the ODEM was -. 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 (-). This means that on 68 percent of the Saturdays, the change in price of the ODEM is expected to be in the range of - and -.

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 4.91% 9.81% -4.91% to 14.72%
Monday 1.97% 3.41% -1.44% to 5.38%
Tuesday -3.11% 5.55% -8.66% to 2.44%
Wednesday -1.40% 2.12% -3.52% to 0.71%
Thursday 0.89% 2.58% -1.69% to 3.48%
Friday -0.66% 1.24% -1.90% to 0.57%
Saturday - - - to -

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