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 1 month, starting on December 19th, 2021 to January 19th, 2022.
In the barchart below, the weekdays and average performance of ICON are shown side by side.
According to the performance of ICON between December 19th, 2021 and January 19th, 2022, ICON performed the best on Saturdays. On average, the price of ICON increased 1.25% on Saturday.
The weekday on which the ICON performed the worst, is Wednesday. On Wednesdays, the ICON declined in value on average by -1.07%.
ICON weekday performance
It is hard to tell whether the ICON will increase or decrease in value on an average Sunday. The average change on a Sunday for the ICON is -0.10%. However, the standard deviation on this weekday is 0.80%. This means that on most Sundays, the change in value of the ICON is between -0.90% and 0.70%.
Allthough the ICON decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Mondays is 0.45%. This means that the expected change of the value of ICON is between -0.84% and 0.07% on 68 out of 100 Mondays.
Historical performance on Tuesday do not show an increase in value of the ICON on which a prediction can be made. The ICON increased in value on average on an average Tuesday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Tuesday is between -1.64% and 3.57% (see also the table below).
The ICON declines in value on an average Wednesday with -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 1.56%. This means that it is not possible to say whether on a regular Wednesday the ICON will increase or decrease in value.
On Thursdays, the ICON decreases in value on average with -0.83%. On most of the Thursdays the ICON decreases in value between -2.02% and 0.35%. The uncertainty (1.18%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the ICON on Thursdays is large.
On Fridays, the ICON decreases in value on average with -0.75%. On most of the Fridays the ICON decreases in value between -2.26% and 0.76%. The uncertainty (1.51%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the ICON on Fridays is large.
On an average Saturday the ICON shows a high increase in value, namely 1.25%. The standard deviation is below the average increase percentage (standard deviation is 0.13%), meaning that on 68% of the Saturdays the ICON will increase with a percentage between 1.12% and 1.39%. This also means that, on average, on 16 percent of the Saturdays, the ICON will increase with a percentage above this range. On the other 16% of the Saturdays, the ICON will change with a percentage below the 1.12%.
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||-0.10%||0.80%||-0.90% to 0.70%|
|Monday||-0.38%||0.45%||-0.84% to 0.07%|
|Tuesday||0.97%||2.60%||-1.64% to 3.57%|
|Wednesday||-1.07%||1.56%||-2.63% to 0.49%|
|Thursday||-0.83%||1.18%||-2.02% to 0.35%|
|Friday||-0.75%||1.51%||-2.26% to 0.76%|
|Saturday||1.25%||0.13%||1.12% to 1.39%|