Algorand (ALGO)

Current price: $ 0.24

24 hours price change: $ -0.001500 (-0.62%)

Daily analysis of Algorand (ALGO) - 1 month

The performance of Algorand regarding the price differs every day. To make the best decision to buy Algorand, we are analysis in this article the performance of Algorand on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 9th, 2020 to July 8th, 2020.

In the barchart below, the weekdays and average performance of Algorand are shown side by side.

Average daily change in price of Algorand per weekday between 06/09/2020 and 07/08/2020.

According to the performance of Algorand between June 9th, 2020 and July 8th, 2020, Algorand performed the best on Tuesdays. On average, the price of Algorand increased 0.03% on Tuesday.

The weekday on which the Algorand performed the worst, is Thursday. On Thursdays, the Algorand declined in value on average by -0.04%.

Algorand weekday performance

Algorand increased in value on an average Sunday only slightly. The average increase in value of the Algorand was 0.02%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.02%). This means that on 68 percent of the Sundays, the change in price of the Algorand is expected to be in the range of 0.00% and 0.05%.

Algorand increased in value on an average Monday only slightly. The average increase in value of the Algorand was 0.02%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.02%). This means that on 68 percent of the Mondays, the change in price of the Algorand is expected to be in the range of 0.00% and 0.04%.

Algorand increased in value on an average Tuesday only slightly. The average increase in value of the Algorand was 0.03%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.05%). This means that on 68 percent of the Tuesdays, the change in price of the Algorand is expected to be in the range of -0.01% and 0.08%.

Algorand increased in value on an average Wednesday only slightly. The average increase in value of the Algorand was 0.01%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.02%). This means that on 68 percent of the Wednesdays, the change in price of the Algorand is expected to be in the range of -0.01% and 0.03%.

It is hard to tell whether the Algorand will increase or decrease in value on an average Thursday. The average change on a Thursday for the Algorand is -0.04%. However, the standard deviation on this weekday is 0.03%. This means that on most Thursdays, the change in value of the Algorand is between -0.07% and -0.01%.

Algorand increased in value on an average Friday only slightly. The average increase in value of the Algorand was 0.01%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.02%). This means that on 68 percent of the Fridays, the change in price of the Algorand is expected to be in the range of -0.01% and 0.03%.

Algorand increased in value on an average Saturday only slightly. The average increase in value of the Algorand was -. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (-). This means that on 68 percent of the Saturdays, the change in price of the Algorand is expected to be in the range of - and -.

Algorand weekday performance details

Find below the details of the performance of Algorand per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.02% 0.02% 0.00% to 0.05%
Monday 0.02% 0.02% 0.00% to 0.04%
Tuesday 0.03% 0.05% -0.01% to 0.08%
Wednesday 0.01% 0.02% -0.01% to 0.03%
Thursday -0.04% 0.03% -0.07% to -0.01%
Friday 0.01% 0.02% -0.01% to 0.03%
Saturday - - - to -
 

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