Komodo (KMD)

Current price: $ 0.61

24 hours price change: $ -0.008908 (-1.44%)

Daily analysis of Komodo (KMD) - 6 months

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 6 months, starting on January 5th, 2020 to July 5th, 2020.

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 01/05/2020 and 07/05/2020.

According to the performance of Komodo between January 5th, 2020 and July 5th, 2020, Komodo performed the best on Wednesdays. On average, the price of Komodo increased 0.69% on Wednesday.

The weekday on which the Komodo performed the worst, is Thursday. On Thursdays, the Komodo declined in value on average by -1.61%.

Komodo weekday performance

It is hard to tell whether the Komodo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Komodo is -0.11%. However, the standard deviation on this weekday is 1.05%. This means that on most Sundays, the change in value of the Komodo is between -1.15% and 0.94%.

On an average Monday, the Komodo increased 0.53%. However, since the expected deviation is 2.47%, the Komodo will decline in value on a Monday quiet regularly. The expected price change of the Komodo on a Monday is between -1.94% and 3.00%.

On an average Tuesday, the Komodo increased 0.54%. However, since the expected deviation is 1.59%, the Komodo will decline in value on a Tuesday quiet regularly. The expected price change of the Komodo on a Tuesday is between -1.05% and 2.13%.

Historical performance on Wednesday do not show an increase in value of the Komodo on which a prediction can be made. The Komodo increased in value on average on an average Wednesday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Komodo on a Wednesday is between -6.60% and 7.98% (see also the table below).

The Komodo declines in value on an average Thursday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 9.72%. This means that it is not possible to say whether on a regular Thursday the Komodo will increase or decrease in value.

It is hard to tell whether the Komodo will increase or decrease in value on an average Friday. The average change on a Friday for the Komodo is -0.24%. However, the standard deviation on this weekday is 2.82%. This means that on most Fridays, the change in value of the Komodo is between -3.06% and 2.58%.

Allthough the Komodo decreases in value with -0.53% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Komodo on Saturdays is 2.04%. This means that the expected change of the value of Komodo is between -2.57% and 1.51% on 68 out of 100 Saturdays.

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 -0.11% 1.05% -1.15% to 0.94%
Monday 0.53% 2.47% -1.94% to 3.00%
Tuesday 0.54% 1.59% -1.05% to 2.13%
Wednesday 0.69% 7.29% -6.60% to 7.98%
Thursday -1.61% 9.72% -11.33% to 8.10%
Friday -0.24% 2.82% -3.06% to 2.58%
Saturday -0.53% 2.04% -2.57% to 1.51%
 

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