hi everybody
I did some statistical analysis. It might be interesting for some of you.
Data:
btc/usd price of bitstamp
year 2013 [31.12.2012 - 31.12.2013]
Statistical test: ANOVA
Trading Volume hourly
Time of day (=time_category) has a significant effect on the volume of trade (p=0.000). 2.1% of the variance of volume can be explained by time of day.
Trading Volume daily
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi59.tinypic.com%2F1zbvsdx.png&t=663&c=SQiU5584jMqAqQ)
days have significant effect on the volume of trade (p=0.013). 4.4% of the variance of volume can be explained by weekday_category.
Profit or Loss, daily close-prices
days hav no significant effect on change_previous_day (p=0.455). Hard to believe that there are no statistically signifcant differences, when you're looking at the chart.
Profit or Loss, hourly
time of day (=time_categories) have a significant effect on the profit/loss (p=0.042). 0.4% of the variance of profit/loss can be explained by time_categories.
Regards