ODEM (ODE)

Current price: $ 0.001995

24 hours price change: $ 0.000425 (27.07%)

Daily analysis of ODEM (ODE) - 6 months

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 July 24th, 2021 to January 24th, 2022.

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 07/24/2021 and 01/24/2022.

According to the performance of ODEM between July 24th, 2021 and January 24th, 2022, ODEM performed the best on Fridays. On average, the price of ODEM increased 5.80% 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 0.17%. 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 (0.68%). This means that on 68 percent of the Sundays, the change in price of the ODEM is expected to be in the range of -0.52% and 0.85%.

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 -0.14%. However, the standard deviation on this weekday is 4.00%. This means that on most Mondays, the change in value of the ODEM is between -4.14% and 3.87%.

On an average Tuesday, the ODEM increased 0.31%. However, since the expected deviation is 1.59%, the ODEM will decline in value on a Tuesday quiet regularly. The expected price change of the ODEM on a Tuesday is between -1.28% and 1.90%.

Allthough the ODEM decreases in value with -0.47% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of ODEM on Wednesdays is 3.62%. This means that the expected change of the value of ODEM is between -4.09% and 3.16% on 68 out of 100 Wednesdays.

It is hard to tell whether the ODEM will increase or decrease in value on an average Thursday. The average change on a Thursday for the ODEM is -0.17%. However, the standard deviation on this weekday is 1.23%. This means that on most Thursdays, the change in value of the ODEM is between -1.40% and 1.07%.

The increase in value of the ODEM is 5.80% 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 24.48%. This means that the expected range of value change for the ODEM is -18.69% and 30.28% 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 6.24%. 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 0.17% 0.68% -0.52% to 0.85%
Monday -0.14% 4.00% -4.14% to 3.87%
Tuesday 0.31% 1.59% -1.28% to 1.90%
Wednesday -0.47% 3.62% -4.09% to 3.16%
Thursday -0.17% 1.23% -1.40% to 1.07%
Friday 5.80% 24.48% -18.69% to 30.28%
Saturday -1.32% 6.24% -7.56% to 4.93%
 

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