Noteworthy Stability in TMT Exchange Rates Over 24 Hours
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Comprehensive Data Analysis
The provided data set contains time-series financial data that represents the exchange rate for TMT at different time stamps. Please note that this analysis is preliminary and carried out without considering external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
1. Understanding the Overall Trend:
The general trend of the exchange rates shows a relatively stable pattern throughout the given period. There are minor fluctuations but no significant ascending or descending trend is observable. The rates waver between 0.39065 and 0.39250, suggesting that the currency exchange rate has maintained a somewhat balanced level during these timestamps.
2. Seasonality or Recurring Patterns:
Upon analyzing the dataset, it appears there's no clear seasonal pattern or recurrence observable within the provided data. The exchange rates fluctuate within a range but don't present definitive repetitive behaviour across similar timeframes. However, further analysis with a larger dataset or specific tools could possibly reveal hidden seasonal patterns if they exist.
3. Outliers in the Data:
Outliers in financial data analysis play a significant role as they indicate unusual transactions and may identify important significant events influencing the exchange rates. However, given the relatively narrow range of fluctuations in this dataset, no significant outliers are noticeable at first glance. The exchange rates remain largely within bounds of the range identified above, and any deviations from this range are minor and rare, not standing out as notable outliers. This suggests a somewhat stable and consistent behavior of the market during this specific period.