Komodo (KMD)

Current price: $ 3.43

24 hours price change: $ 0.87 (34.12%)

Daily analysis of Komodo (KMD) - 1 month

The performance of Komodo regarding the price differs every day. To make the best decision to buy Komodo, we are analysis in this article the performance of Komodo on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 6th, 2021 to May 5th, 2021.

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

Average daily change in price of Komodo per weekday between 04/06/2021 and 05/05/2021.

According to the performance of Komodo between April 6th, 2021 and May 5th, 2021, Komodo performed the best on Mondays. On average, the price of Komodo increased 3.86% on Monday.

The weekday on which the Komodo performed the worst, is Wednesday. On Wednesdays, the Komodo declined in value on average by -1.00%.

Komodo weekday performance

On an average Sunday the Komodo shows an increase in value of 1.22%. However, the change of Komodo on most of the Sundays is between -0.09% and 2.54%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Komodos.

The increase in value of the Komodo is 3.86% on an average Monday. However, the uncertainty on the average change is high for the Komodo on Mondays. This is the reason why an expected increase of the Komodo on an average Monday cannot be predicted. The standard deviation for Komodo on Mondays is high, namely 6.47%. This means that the expected range of value change for the Komodo is -2.61% and 10.33% on 68% of the Mondays.

On an average Tuesday the Komodo shows an increase in value of 2.18%. However, the change of Komodo on most of the Tuesdays is between -3.05% and 7.40%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Komodos.

On Wednesdays, the Komodo decreases in value on average with -1.00%. On most of the Wednesdays the Komodo decreases in value between -3.27% and 1.28%. The uncertainty (2.27%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Komodo on Wednesdays is large.

On an average Thursday the Komodo shows an increase in value of 1.48%. However, the change of Komodo on most of the Thursdays is between -1.02% and 3.97%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Komodos.

Komodo increased in value on an average Friday only slightly. The average increase in value of the Komodo was 0.00%. Allthough the Komodo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.66%). This means that on 68 percent of the Fridays, the change in price of the Komodo is expected to be in the range of -1.65% and 1.66%.

Komodo increased in value on an average Saturday only slightly. The average increase in value of the Komodo was 0.11%. Allthough the Komodo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.44%). This means that on 68 percent of the Saturdays, the change in price of the Komodo is expected to be in the range of -0.33% and 0.55%.

Komodo weekday performance details

Find below the details of the performance of Komodo 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 1.22% 1.31% -0.09% to 2.54%
Monday 3.86% 6.47% -2.61% to 10.33%
Tuesday 2.18% 5.22% -3.05% to 7.40%
Wednesday -1.00% 2.27% -3.27% to 1.28%
Thursday 1.48% 2.49% -1.02% to 3.97%
Friday 0.00% 1.66% -1.65% to 1.66%
Saturday 0.11% 0.44% -0.33% to 0.55%
 

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