Echoin (EC)

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Daily analysis of Echoin (EC) - 6 months

The performance of Echoin regarding the price differs every day. To make the best decision to buy Echoin, we are analysis in this article the performance of Echoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on January 10th, 2020 to April 15th, 2020.

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

Average daily change in price of Echoin per weekday between 01/10/2020 and 04/15/2020.

According to the performance of Echoin between January 10th, 2020 and April 15th, 2020, Echoin performed the best on Sundays. On average, the price of Echoin increased nan% on Sunday.

The weekday on which the Echoin performed the worst, is Sunday. On Sundays, the Echoin rose in value on average by nan%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.

Echoin weekday performance

On an average Sunday the Echoin shows an increase in value of nan%. However, the change of Echoin on most of the Sundays is between nan% and nan%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Echoins.

The decrease in value of the Echoin is -4.19% on an average Monday. The uncertainty of the average change is high for the Echoin on Mondays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Monday. If we look at the 68% range of the Echoin, we see that on 68% of the Mondays, the expected change of the Echoin is between -5.82% and -2.56%.

On Tuesdays, the average increase of the value of the Echoin is very high. The average increase is inf%. The standard deviation of the Echoin on Tuesdays is nan%. This means that on 68% of the Tuesdays, the Echoin increases between nan% and nan%. The uncertainty is therefore not very high, since on most Tuesdays, the value of the Echoin will increase.

The decrease in value of the Echoin is -5.01% on an average Wednesday. The uncertainty of the average change is high for the Echoin on Wednesdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Echoin, we see that on 68% of the Wednesdays, the expected change of the Echoin is between -7.26% and -2.77%.

The decrease in value of the Echoin is -5.05% on an average Thursday. The uncertainty of the average change is high for the Echoin on Thursdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Thursday. If we look at the 68% range of the Echoin, we see that on 68% of the Thursdays, the expected change of the Echoin is between -6.05% and -4.05%.

The decrease in value of the Echoin is -4.95% on an average Friday. The uncertainty of the average change is high for the Echoin on Fridays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Friday. If we look at the 68% range of the Echoin, we see that on 68% of the Fridays, the expected change of the Echoin is between -6.88% and -3.02%.

On an average Saturday the Echoin shows an increase in value of nan%. However, the change of Echoin on most of the Saturdays is between nan% and nan%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Echoins.

Echoin weekday performance details

Find below the details of the performance of Echoin 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 nan% nan% nan% to nan%
Monday -4.19% 1.63% -5.82% to -2.56%
Tuesday inf% nan% nan% to nan%
Wednesday -5.01% 2.25% -7.26% to -2.77%
Thursday -5.05% 1.00% -6.05% to -4.05%
Friday -4.95% 1.93% -6.88% to -3.02%
Saturday nan% nan% nan% to nan%
 

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