Avalanche (AVAX)

Current price: $ 86.18

24 hours price change: $ -0.33 (-0.38%)

Daily analysis of Avalanche (AVAX) - 6 months

The performance of Avalanche regarding the price differs every day. To make the best decision to buy Avalanche, we are analysis in this article the performance of Avalanche on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on July 18th, 2021 to January 18th, 2022.

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

Average daily change in price of Avalanche per weekday between 07/18/2021 and 01/18/2022.

According to the performance of Avalanche between July 18th, 2021 and January 18th, 2022, Avalanche performed the best on Fridays. On average, the price of Avalanche increased 4.46% on Friday.

The weekday on which the Avalanche performed the worst, is Monday. On Mondays, the Avalanche declined in value on average by -1.14%.

Avalanche weekday performance

Avalanche increased in value on an average Sunday only slightly. The average increase in value of the Avalanche was 0.06%. Allthough the Avalanche closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.98%). This means that on 68 percent of the Sundays, the change in price of the Avalanche is expected to be in the range of -2.92% and 3.04%.

The Avalanche declines in value on an average Monday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 5.40%. This means that it is not possible to say whether on a regular Monday the Avalanche will increase or decrease in value.

Historical performance on Tuesday do not show an increase in value of the Avalanche on which a prediction can be made. The Avalanche increased in value on average on an average Tuesday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Avalanche on a Tuesday is between -6.60% and 7.83% (see also the table below).

On an average Wednesday the Avalanche shows an increase in value of 2.65%. However, the change of Avalanche on most of the Wednesdays is between -4.65% and 9.94%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Avalanches.

On an average Thursday the Avalanche shows an increase in value of 1.73%. However, the change of Avalanche on most of the Thursdays is between -3.45% and 6.90%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Avalanches.

The increase in value of the Avalanche is 4.46% on an average Friday. However, the uncertainty on the average change is high for the Avalanche on Fridays. This is the reason why an expected increase of the Avalanche on an average Friday cannot be predicted. The standard deviation for Avalanche on Fridays is high, namely 7.77%. This means that the expected range of value change for the Avalanche is -3.30% and 12.23% on 68% of the Fridays.

On an average Saturday the Avalanche shows an increase in value of 1.76%. However, the change of Avalanche on most of the Saturdays is between -2.56% and 6.08%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Avalanches.

Avalanche weekday performance details

Find below the details of the performance of Avalanche 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 0.06% 2.98% -2.92% to 3.04%
Monday -1.14% 5.40% -6.54% to 4.26%
Tuesday 0.62% 7.21% -6.60% to 7.83%
Wednesday 2.65% 7.29% -4.65% to 9.94%
Thursday 1.73% 5.18% -3.45% to 6.90%
Friday 4.46% 7.77% -3.30% to 12.23%
Saturday 1.76% 4.32% -2.56% to 6.08%
 

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