2024-04-22 Convertible Mark News
2024-04-21
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 Analysis
Upon studying the dataset above, we observe a broad decreasing trend in the BAM exchange rate over the duration shown. Starting with a value of 0.75659 on 22nd March 2024, it follows a general movement downward over a few weeks, albeit with intermittent increases and decreases. While we do witness some rises, these seem to be temporary and the overall trend tends to be descending over the given period with the final value being 0.74804 on 19th April 2024. However, the rate fluctuates significantly throughout the period, and this general observation may not hold in shorter time frames.
Seasonality and Cyclical Patterns Analysis
Identifying any seasonality or regular patterns in time-series data necessitates a more comprehensive dataset encompassing multiple seasons or cycles. This current dataset only spans approximately a month, which might not be sufficient to identify such patterns with high confidence. Nonetheless, with the available information, there are no obvious recurring or cyclical patterns detectable. The exchange rate primarily appears to be influenced by more short-term, irregular fluctuations. It would be beneficial to evaluate additional data over a longer period for a more definite conclusion.
Outliers Analysis
Although it's hard to accurately pinpoint outliers based on the current dataset as it requires a basic understanding of the normal range or distribution of the data, few notable sharp changes in exchange rate could be noticed. For instance, on 10th April 2024, there is a sudden increase in the exchange rate from 0.75274 to 0.75915, followed by an abrupt decrease to 0.75152 on the same day. Considering the overall trend, these might be regarded as potential outliers. Accurate confirmation of the same would require a more detailed statistical analysis.