NIO Faces Minor Fluctuations Amidst Consistent Performance Throughout Day
2024-04-22
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates
Upon analyzing the given data, it's evident that the NIO exchange rate mostly fluctuates around a relatively stable average value during the provided timestamp. The exchange rate begins at 0.03732 on 2024-04-22 00:00:02 and ends at 0.03725 on 2024-04-22 23:55:02. It doesn’t exhibit a clear increasing or decreasing trend over the time period observed. A slightly lower volatility can be observed as the value mainly stays between 0.0373 to 0.0372 throughout the timespan.
2. Identifying Seasonality or Recurring Patterns
Given the data spans a single day, it’s difficult to identify any seasonality or recurring weekly, monthly, or annual patterns, as these would require a longer timeframe to determine. However, considering the hourly changes, there are no prominent patterns or trends that can be discerned. The exchange rate seems to hover around an average value with minor fluctuations throughout the day.
3. Noting Any Outliers
There are no significant outliers observed in this one-day dataset. Most of the exchange rates are closely packed around the average value with few stray values that don’t significantly disrupt the general trend or pattern.
Note: Since the provided data covers an extremely short period (i.e., one day), the conclusions about trends, seasonality, and outliers are not as robust as they would be with a more extensive dataset that covers longer periods (multiple months or years). For a more comprehensive analysis, a dataset spanning a longer timeframe would be ideal.
