2024-03-12 Convertible Mark News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Result
Given below is the comprehensive analysis of the time-series dataset which indicates changes in exchange rates (BAM) at different timestamps:
1. Understanding the Overall Trend
The overall trend of the exchange rates is incremental over the period. Initially, there is a gradual increase in the rates from 0.74655 to 0.74732. After a minor decline, the rates again raised to 0.74774. Afterwards, the rates significantly dropped to 0.74516 but again recovered back to 0.74754. There are minor fluctuations post this event until the end of the period with an ending rate of 0.74827. However, the apparent volatility in the market signifies that while the general trend may be increasing, there are periods of both increases and decreases within the general upward trend.
2. Seasonality or Recurring Patterns
If we look at the data on a broader sense, there aren't any clear signs of seasonality or recurring patterns observed such as regular intervals of increases or decreases over the period shown. However, it is worth noting that financial data are extremely complex and can be influenced by a myriad of factors.
3. Outliers Detection
From the provided data, identifying any significant outliers is challenging due to the incremental and variable nature of exchange rates over time. However, there is one visible sharp decline that can be marked unexpected based on the trend where exchange rate fell from 0.74725 to 0.74554. Similarly, sharp increase also noticed when the rate jumped from 0.74501 to 0.74792.
Overall, with the given data, achieving a deep understanding of fluctuations in exchange rates proves to be complex due to the inherent volatility in the data.