2024-05-06 Cordoba Oro News
2024-05-05
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
Analysis of the Exchange Rates Trend
Observing the provided time-series data for the NIO exchange rates, it can be seen that there is a general upward trend visible over the provided time duration. The exchange rate starts at approximately 0.0368 and increases to around 0.03725 towards the end of the dataset. It is however prudent to note that the upward trend is very slow and gradual, denoting slight appreciation of NIO over the specified period.
Seasonality or Recurring Patterns
In identifying any recurring patterns, it is important to be cautious as financial data is dependent on a wide array of factors like economic indicators and market sentiments, which can lead to variations in the data. From the data provided, there does not appear to be a clear pattern repeatable over regular intervals. There are periods of stability followed by slight rises and falls, but no consistent cyclical or seasonal changes are visible.
Identification of Outliers
Focusing on outliers in the data set, it is difficult to point directly without a deep statistical analysis to periods of extreme spikes or drops in the exchange rates. Generally, the values oscillate around a mean value and no obvious anomalies or outliers can be identified easily. However, there are several instances of slight sudden increases and decreases within short intervals like on 2024-04-10 and 2024-04-30 respectively, which can be investigated further for a more in-depth understanding.
Conclusion
It is worth noting that exchange rates are dynamic and depend on multiple factors which were not considered in this analysis as per instructions. This includes the opening and closing hours of the market, release of impactful financial news, and various economic indicators. Therefore, the results of this analysis should be viewed within the specified constraints and instructions. There is a very gradual observable upward trend, no discernable seasonal patterns, and a few instances of slight sudden changes, with the rates staying in a fairly close range for the majority of the time duration.