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 November 7th, 2023 to December 6th, 2023.
In the barchart below, the weekdays and average performance of ICON are shown side by side.
According to the performance of ICON between November 7th, 2023 and December 6th, 2023, ICON performed the best on Fridays. On average, the price of ICON increased 0.74% on Friday.
The weekday on which the ICON performed the worst, is Sunday. On Sundays, the ICON declined in value on average by -1.37%.
ICON weekday performance
The ICON declines in value on an average Sunday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 1.59%. This means that it is not possible to say whether on a regular Sunday the ICON will increase or decrease in value.
Allthough the ICON decreases in value with -0.50% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Mondays is 0.58%. This means that the expected change of the value of ICON is between -1.08% and 0.08% on 68 out of 100 Mondays.
It is hard to tell whether the ICON will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the ICON is -0.10%. However, the standard deviation on this weekday is 2.02%. This means that on most Tuesdays, the change in value of the ICON is between -2.12% and 1.91%.
ICON increased in value on an average Wednesday only slightly. The average increase in value of the ICON was 0.10%. 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 (0.68%). This means that on 68 percent of the Wednesdays, the change in price of the ICON is expected to be in the range of -0.58% and 0.78%.
It is hard to tell whether the ICON will increase or decrease in value on an average Thursday. The average change on a Thursday for the ICON is -0.17%. However, the standard deviation on this weekday is 1.77%. This means that on most Thursdays, the change in value of the ICON is between -1.93% and 1.60%.
Historical performance on Friday 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 Friday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Friday is between -0.59% and 2.07% (see also the table below).
It is hard to tell whether the ICON will increase or decrease in value on an average Saturday. The average change on a Saturday for the ICON is -0.02%. However, the standard deviation on this weekday is 0.93%. This means that on most Saturdays, the change in value of the ICON is between -0.95% and 0.90%.
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||-1.37%||1.59%||-2.96% to 0.22%|
|Monday||-0.50%||0.58%||-1.08% to 0.08%|
|Tuesday||-0.10%||2.02%||-2.12% to 1.91%|
|Wednesday||0.10%||0.68%||-0.58% to 0.78%|
|Thursday||-0.17%||1.77%||-1.93% to 1.60%|
|Friday||0.74%||1.33%||-0.59% to 2.07%|
|Saturday||-0.02%||0.93%||-0.95% to 0.90%|