2024-05-09 Silver News
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Looking at your dataset, it can be observed that there is no consistent increasing or decreasing trend in the exchange rate over the duration of the data. The exchange rate starts at a certain value, has some ups and downs in the middle, and towards the end, comes back around to a similar rate as it started, indicating a somewhat volatile but overall stable pattern. It is important to note, however, that while the starting and ending rates are similar, there were quite a few changes in between.
Identifying any seasonality or recurring patterns
At a glance, there does not seem to be a distinct recurring pattern or seasonality in the exchange rate changes. The rate does not exhibit clear, regular intervals of increases and decreases that could signify a seasonal pattern. The changes appear to be quite random and influenced by a multitude of factors, making it challenging to identify a specific recurrence or set recurring pattern. More complex statistical tools beyond this preliminary analysis may be necessary to uncover any hidden, less obvious patterns.
Noting any outliers
There do not seem to be any significant outliers, or instances where the exchange rate differs dramatically from the trend. All exchange rates fall within a reasonable range of values, without any single data point deviating excessively from the others. This suggests a relatively stable market, without any unexpected shocks or anomalies during the time period covered by these data.