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 year, starting on October 3rd, 2021 to October 3rd, 2022.
In the barchart below, the weekdays and average performance of ODEM are shown side by side.
According to the performance of ODEM between October 3rd, 2021 and October 3rd, 2022, ODEM performed the best on Fridays. On average, the price of ODEM increased 1.73% on Friday.
The weekday on which the ODEM performed the worst, is Saturday. On Saturdays, the ODEM declined in value on average by -0.70%.
ODEM weekday performance
It is hard to tell whether the ODEM will increase or decrease in value on an average Sunday. The average change on a Sunday for the ODEM is -0.13%. However, the standard deviation on this weekday is 1.61%. This means that on most Sundays, the change in value of the ODEM is between -1.74% and 1.48%.
It is hard to tell whether the ODEM will increase or decrease in value on an average Monday. The average change on a Monday for the ODEM is -0.03%. However, the standard deviation on this weekday is 2.83%. This means that on most Mondays, the change in value of the ODEM is between -2.86% and 2.81%.
ODEM increased in value on an average Tuesday only slightly. The average increase in value of the ODEM was 0.28%. 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 (1.24%). This means that on 68 percent of the Tuesdays, the change in price of the ODEM is expected to be in the range of -0.96% and 1.52%.
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 -0.23%. However, the standard deviation on this weekday is 2.57%. This means that on most Wednesdays, the change in value of the ODEM is between -2.81% and 2.34%.
Allthough the ODEM decreases in value with -0.35% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Thursdays is 3.47%. This means that the expected change of the value of ODEM is between -3.81% and 3.12% on 68 out of 100 Thursdays.
On an average Friday the ODEM shows an increase in value of 1.73%. However, the change of ODEM on most of the Fridays is between -16.99% and 20.46%. Therefore it is hard to tell whether an average Friday is a good day to start buying ODEMs.
On Saturdays, the ODEM decreases in value on average with -0.70%. On most of the Saturdays the ODEM decreases in value between -5.27% and 3.86%. The uncertainty (4.57%) is higher than the average decline percentage (-0.70%). Therefore, expected range of price changes of the ODEM on Saturdays is large.
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||-0.13%||1.61%||-1.74% to 1.48%|
|Monday||-0.03%||2.83%||-2.86% to 2.81%|
|Tuesday||0.28%||1.24%||-0.96% to 1.52%|
|Wednesday||-0.23%||2.57%||-2.81% to 2.34%|
|Thursday||-0.35%||3.47%||-3.81% to 3.12%|
|Friday||1.73%||18.73%||-16.99% to 20.46%|
|Saturday||-0.70%||4.57%||-5.27% to 3.86%|