The performance of ICON regarding the price differs every day. To make the best decision to buy ICON, we are analysis in this article the performance of ICON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 22nd, 2017 to August 16th, 2022.
In the barchart below, the weekdays and average performance of ICON are shown side by side.
According to the performance of ICON between September 22nd, 2017 and August 16th, 2022, ICON performed the best on Fridays. On average, the price of ICON increased 1.03% on Friday.
The weekday on which the ICON performed the worst, is Wednesday. On Wednesdays, the ICON declined in value on average by -0.17%.
ICON weekday performance
ICON increased in value on an average Sunday only slightly. The average increase in value of the ICON was 0.25%. Allthough the ICON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.09%). This means that on 68 percent of the Sundays, the change in price of the ICON is expected to be in the range of -5.84% and 6.34%.
On an average Monday, the ICON increased 0.32%. However, since the expected deviation is 5.60%, the ICON will decline in value on a Monday quiet regularly. The expected price change of the ICON on a Monday is between -5.28% and 5.91%.
On an average Tuesday, the ICON increased 0.54%. However, since the expected deviation is 7.82%, the ICON will decline in value on a Tuesday quiet regularly. The expected price change of the ICON on a Tuesday is between -7.28% and 8.35%.
It is hard to tell whether the ICON will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ICON is -0.17%. However, the standard deviation on this weekday is 4.46%. This means that on most Wednesdays, the change in value of the ICON is between -4.63% and 4.29%.
On an average Thursday, the ICON increased 0.44%. However, since the expected deviation is 5.09%, the ICON will decline in value on a Thursday quiet regularly. The expected price change of the ICON on a Thursday is between -4.64% and 5.53%.
On an average Friday the ICON shows an increase in value of 1.03%. However, the change of ICON on most of the Fridays is between -16.19% and 18.25%. Therefore it is hard to tell whether an average Friday is a good day to start buying ICONs.
On an average Saturday, the ICON increased 0.52%. However, since the expected deviation is 6.25%, the ICON will decline in value on a Saturday quiet regularly. The expected price change of the ICON on a Saturday is between -5.73% and 6.77%.
ICON weekday performance details
Find below the details of the performance of ICON 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||0.25%||6.09%||-5.84% to 6.34%|
|Monday||0.32%||5.60%||-5.28% to 5.91%|
|Tuesday||0.54%||7.82%||-7.28% to 8.35%|
|Wednesday||-0.17%||4.46%||-4.63% to 4.29%|
|Thursday||0.44%||5.09%||-4.64% to 5.53%|
|Friday||1.03%||17.22%||-16.19% to 18.25%|
|Saturday||0.52%||6.25%||-5.73% to 6.77%|