2024-05-13 Balboa News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
The overall trend of the PAB exchange rate within the given time period from April 12, 2024 to May 10, 2024 appears to fluctuate moderately. Generally speaking, the exchange rate does not show a steady increase or decrease; it rather varies around the average value without a well-defined upward or downward direction. However, it is crucial to note that there seem to be periods where the exchange rate increases, followed by a period of decrease, and this oscillation pattern repeats several times over the given period.
Seasonality and Recurring Patterns
As for the seasonality or recurring patterns, there doesn't seem to be a clear pattern in the data provided. The rate changes, albeit slightly, don't appear to follow a strict weekly or monthly cyclic pattern. On considering the day-to-day changes, the rates appear to see some oscillation during a day, but generally resettle around a certain value. Detailed analysis for defining periodic structures would require additional processing and statistical approaches.
Outliers
An outlier in the financial world is an event that deviates from what is standard, normal, or expected. There are no obvious outliers in this data set; the exchange rate does not show extreme fluctuations that could be considered out of the ordinary or unexpected based on the trend analysis. However, minor discrepancies exist, such as the slight dip on May 10, 2024, but they do not significantly deviate from the overall trend of the data set.
Remember that the presence of an outlier does not necessarily signify a problem. In the financial world, "outliers" are often key to understanding the financial market. However, outliers can be caused by many factors and should be investigated for potential errors or intriguing financial phenomena.