2024-04-25 Convertible Mark News
2024-04-24
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
On reviewing the provided dataset and carrying out the required analysis, here are the findings to note:
1. Overall Trend of the Exchange Rates
The general trend of the exchange rates within the data set fluctuates considerably. The data does not show a clear trend of either a stable rate, a general increase, or a decrease. The exchange rate starts at a value of approx. 0.74828, and though it shows variations in between, it ends around a similar value of approx. 0.74931. This suggests that, overall, there is no definitive long-term increasing or decreasing trend, and it seems to follow a somewhat stable trend with short-term fluctuations.
2. Seasonality or Recurring Patterns
No clear pattern or seasonality can be seen in the data set at first glance. The fluctuations seem to be sporadic and do not present any specific repetition or cyclical behavior in the changes in the exchange rates. However, this is based on visual representation and initial statistical analysis; more advanced time series analysis techniques are needed to confirm this.
3. Outliers
Some significant peaks and dips could be considered outliers in this data as they differ a bit more substantially from the surrounding data points. For instance, around 20:05:04 there is a peak in the exchange rate, reaching around 0.74973, which significantly differs from surrounding rates. However, stating exact outliers would require more advanced statistical analysis.
Please note that this initial assessment is based on a high-level review of the data. A more in-depth analysis could further reveal underlying trends, repeatable patterns, or outliers that are not immediately apparent. More advanced statistical methods, potentially including time-series forecasting models, could be beneficial for this task. Moreover, real-world exchange rates can be influenced by numerous external factors, and these can also add complexity to such an analysis.