Do Stock Markets Go Down on Fridays?
For my first proper Data Analysis project, I decided to test out a long held belief of mine. My interest in Financial markets started 12–13 years back, when I was working at the National Stock Exchange (as a consultant). Seeing the tickers move on the board everyday gives you a feeling of being at the center of things. I thought I saw a general trend where stock prices generally settled a bit lower on Fridays before the Close and rose back to normal levels again after Monday Open. I had rationalized this internally thinking people would generally square off their positions going into the weekend. This made sense to me, but I have never seen any proof to substantiate this. Even if it’s a small drop, it could be significant if it’s a consistent trend — so why was no one talking about this? Let’s test it out.
Do Stock Markets Go Down on Fridays? For my first proper Data Analysis project, I decided to test out a long held belief of mine. My interest in Financial markets started 12–13 years back, when I was working at the National Stock Exchange (as a consultant). Seeing the tickers move on the board everyday gives you a feeling of being at the center of things. I thought I saw a general trend where stock prices generally settled a bit lower on Fridays before the Close and rose back to normal levels again after Monday Open. I had rationalized this internally thinking people would generally square off their positions going into the weekend. This made sense to me, but I have never seen any proof to substantiate this. Even if it’s a small drop, it could be significant if it’s a consistent trend — so why was no one talking about this? Let’s test it out. data-analysis
Stock Markets Go Fridays first proper Data Analysis project decided test long held belief mine interest Financial market started 12–13 year back working National Stock Exchange consultant Seeing ticker move board everyday give feeling center thing thought saw general trend stock price generally settled bit lower Fridays Close rose back normal level Monday Open rationalized internally thinking people would generally square position going weekend made sense never seen proof substantiate Even it’s small drop could significant it’s consistent trend — one talking Let’s test dataanalysis