Instrument
Stat
Average Daily Range (ADR)
How often does a session's high-to-low range exceed or respect the prior session's period-N average daily range (ADR)?
Timeframe
How often does a session's high-to-low range exceed or respect the prior session's period-N average daily range (ADR)?
Exceeded ADR vs Respected ADR
Probabilities are observed frequencies over the selected period. The baseline is the same outcome's unconditional rate; edge is probability − baseline, in percentage points.
| Condition | Outcome | Probability | Baseline | N | Edge |
|---|---|---|---|---|---|
| Daily range vs ADR | Exceeded ADR | 42.728% | 47.730% | 4,318 | -5.00 pts |
| Daily range vs ADR | Respected ADR | 57.272% | 52.270% | 4,318 | +5.00 pts |
| Group | Condition | Outcome | Probability | Baseline | N | Edge |
|---|---|---|---|---|---|---|
| Monday | Daily range vs ADR | Exceeded ADR | 36.777% | 46.986% | 813 | -10.21 pts |
| Monday | Daily range vs ADR | Respected ADR | 63.223% | 53.014% | 813 | +10.21 pts |
| Tuesday | Daily range vs ADR | Exceeded ADR | 40.873% | 47.704% | 893 | -6.83 pts |
| Tuesday | Daily range vs ADR | Respected ADR | 59.127% | 52.296% | 893 | +6.83 pts |
| Wednesday | Daily range vs ADR | Exceeded ADR | 45.721% | 48.874% | 888 | -3.15 pts |
| Wednesday | Daily range vs ADR | Respected ADR | 54.279% | 51.126% | 888 | +3.15 pts |
| Thursday | Daily range vs ADR | Exceeded ADR | 48.225% | 50.286% | 873 | -2.06 pts |
| Thursday | Daily range vs ADR | Respected ADR | 51.775% | 49.714% | 873 | +2.06 pts |
| Friday | Daily range vs ADR | Exceeded ADR | 41.598% | 47.944% | 851 | -6.35 pts |
| Friday | Daily range vs ADR | Respected ADR | 58.402% | 52.056% | 851 | +6.35 pts |