2024-04-22 Cordoba Oro 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
Comprehensive Financial Analysis
1. Understanding the overall trend of the exchange rates
From a high-level view, it seems the NIO exchange rate shows a general trend of both slight increase and decrease throughout the given period. During the initial phase, there is a mild increase from an exchange rate of 0.03665 to a peak of 0.03701. Afterwards, there is a slight decline that takes it to a low of 0.03664. This cycle of modest rises and falls continues throughout the dataset, bit without any drastic changes to the exchange rate. Certainly, the NIO exchange rate in this dataset can be described as relatively stable.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Time-series data often contain underlying patterns or cycles called 'seasonality', which are patterns that repeat periodically. Upon examination, however, the data provided in this case doesn't appear to exhibit strong seasonality patterns on the timescales provided. The exchange rates fluctuate up and down without any evident recurring cycle.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
As spotted from the raw data, there aren't any significant deviations or outliers in the data; the exchange rate stays within the standard deviation range. The fluctuations are moderate, and none of the rates seem to be extraordinary or significantly different from the others. Hence, we can consider that the dataset follows a consistent, relatively stable trend without any major reports of volatility.
Conclusion
In conclusion, the NIO exchange rates within the provided time-series data display a consistent, relatively stable trend without stark increases or decreases. There are no discernible seasonal patterns, and there are no instances of significant outliers. These observations suggest a somewhat stable market condition for NIO during the given timestamp. However, it's important to note that while this analysis provides a snapshot of past behaviours, exchange rates are influenced by a myriad of unpredictable factors and can change rapidly.
Please note this analysis doesn't consider any external factors like market opening/closing hours nor does it attempt to forecast future rates. It is purely based on the existing data provided.