2024-04-29 Lek News
2024-04-28
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 Provided Dataset
Provided dataset represents timeseries data of ALL (Albanian Lek) exchange rates across different timestamps. The data analysis will allow us to understand the trend, identify any seasonality or recurring patterns, and note any significant changes or outliers. The analysis doesn't account for external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Also, it will not produce any future forecast.
Understanding the Overall Trend
Upon analyzing the data, it becomes evident that the exchange rate of ALL has overall shown a slight increasing trend over the given period. Starting from a rate of 0.01414, the data ends at a slightly higher rate of 0.01453. However, this increase is marginal with plenty of fluctuations in between, suggesting a relatively stable behavior of the currency over this specific duration.
Seasonality and Recurring Patterns
Considering the available data, it is challenging to spot a clear-cut seasonality or a recurring pattern in the exchange rates. There are fluctuations in the rate, but they do not appear to follow an evident, repeating pattern in this dataset. Further analysis with more extensive data might be required to confirm the presence or absence of seasonality.
Noteworthy Outliers
Based on this analysis, certain outliers in the data can be observed. For instance, on 10th April 2024, the exchange rate jumped significantly from 0.01444 to 0.0146, which is a noticeable difference compared to the typical fluctuations in the dataset. This may indicate an unusual event or situation during that period, though we are not factoring in such external influences.
Overall, the ALL exchange rate data exhibits a slight upward trend, with no obvious seasonality and few significant outliers. This analysis provides a basic understanding of the data trend and behavior over time, but any advanced inference would require more extensive data and consideration of external factors.