2024-05-09 Tala 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
Overall Trend
Having examined the time series data, one can observe that the exchange rates demonstrate small fluctuations. The initial value of the WST exchange rate is 0.49056 while the final value is 0.48955. This suggests a very slight decrease in the value over the period shown. However, a distinct constant trend, either increasing, decreasing or stable, is not clearly seen. Therefore, in the case of this specific data set, the trend appears to be fluctuating non-regularly with no substantial directional movement.
Seasonality Pattern and Recurring Patterns
No clear seasonality or recurring patterns are observed in the data. If we had data spanning over a year or more, we might be able to check monthly or quarterly seasonality. But the data provided doesn't cover such a period. Additionally, the data indicates minor oscillations/rate changes at different times that don't seem to be part of a larger regular cycle.
Outliers
No specific outliers are seen in the given dataset. While there are minor fluctuations in the rate values, none of them deviate excessively from the neighbouring points. However, it must be noted that the identification of outliers is highly dependent on the definition and threshold one sets for determining what constitutes an "outlier".
Key Observations
- The overall trend seems to be that of slight decrease but largely non-directional fluctuation.
- No clear seasonality or recurring patterns can be identified in the data.
- There are no significant outliers in this dataset based on a conventional definition of outliers.
Please note that for a more detailed and accurate analysis, additional aspects will need to be considered such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Understanding these factors could lead to a better grasp of recurring patterns or cyclical trends that may not be immediately apparent. However, it is understood that these factors were not to be considered in this analysis.