Golem (GNT)

Current price: $ 0.31

24 hours price change: $ 0.001035 (0.33%)

Daily analysis of Golem (GNT) - 1 month

The performance of Golem regarding the price differs every day. To make the best decision to buy Golem, we are analysis in this article the performance of Golem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 16th, 2021 to May 16th, 2021.

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

Average daily change in price of Golem per weekday between 04/16/2021 and 05/16/2021.

According to the performance of Golem between April 16th, 2021 and May 16th, 2021, Golem performed the best on Mondays. On average, the price of Golem increased 2.56% on Monday.

The weekday on which the Golem performed the worst, is Thursday. On Thursdays, the Golem declined in value on average by -0.66%.

Golem weekday performance

The Golem will almost not change or only slightly increase in value on an average Sunday. The average change of the Golem on Sundays is 0.12%. The standard deviation of the Golem is 0.09%, which means that in 68% of the Sundays, the range of the change of the Golem is 0.03% and 0.20%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

On an average Monday the Golem shows an increase in value of 2.56%. However, the change of Golem on most of the Mondays is between -1.75% and 6.88%. Therefore it is hard to tell whether an average Monday is a good day to start buying Golems.

On an average Tuesday, the Golem increased 0.48%. However, since the expected deviation is 0.82%, the Golem will decline in value on a Tuesday quiet regularly. The expected price change of the Golem on a Tuesday is between -0.34% and 1.30%.

It is hard to tell whether the Golem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Golem is -0.14%. However, the standard deviation on this weekday is 0.17%. This means that on most Wednesdays, the change in value of the Golem is between -0.31% and 0.03%.

On Thursdays, the Golem decreases in value on average with -0.66%. On most of the Thursdays the Golem decreases in value between -1.67% and 0.34%. The uncertainty (1.01%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Golem on Thursdays is large.

On an average Friday the Golem shows an increase in value of 1.54%. However, the change of Golem on most of the Fridays is between -1.60% and 4.68%. Therefore it is hard to tell whether an average Friday is a good day to start buying Golems.

Golem increased in value on an average Saturday only slightly. The average increase in value of the Golem was 0.02%. Allthough the Golem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.14%). This means that on 68 percent of the Saturdays, the change in price of the Golem is expected to be in the range of -0.12% and 0.16%.

Golem weekday performance details

Find below the details of the performance of Golem 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 0.12% 0.09% 0.03% to 0.20%
Monday 2.56% 4.31% -1.75% to 6.88%
Tuesday 0.48% 0.82% -0.34% to 1.30%
Wednesday -0.14% 0.17% -0.31% to 0.03%
Thursday -0.66% 1.01% -1.67% to 0.34%
Friday 1.54% 3.14% -1.60% to 4.68%
Saturday 0.02% 0.14% -0.12% to 0.16%
 

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