Komodo (KMD)

Current price: $ 1.32

24 hours price change: $ -0.07 (-5.31%)

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 September 4th, 2020 to March 4th, 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 09/04/2020 and 03/04/2021.

According to the performance of Komodo between September 4th, 2020 and March 4th, 2021, Komodo performed the best on Fridays. On average, the price of Komodo increased 1.27% on Friday.

The weekday on which the Komodo performed the worst, is Tuesday. On Tuesdays, the Komodo declined in value on average by -1.06%.

Komodo weekday performance

Allthough the Komodo decreases in value with -0.31% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Komodo on Sundays is 2.43%. This means that the expected change of the value of Komodo is between -2.74% and 2.11% on 68 out of 100 Sundays.

On an average Monday, the Komodo increased 0.54%. However, since the expected deviation is 1.94%, the Komodo will decline in value on a Monday quiet regularly. The expected price change of the Komodo on a Monday is between -1.40% and 2.47%.

The Komodo declines in value on an average Tuesday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 2.13%. This means that it is not possible to say whether on a regular Tuesday 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 Wednesday. The average change on a Wednesday for the Komodo is -0.27%. However, the standard deviation on this weekday is 4.52%. This means that on most Wednesdays, the change in value of the Komodo is between -4.80% and 4.25%.

On an average Thursday, the Komodo increased 0.32%. However, since the expected deviation is 1.56%, the Komodo will decline in value on a Thursday quiet regularly. The expected price change of the Komodo on a Thursday is between -1.24% and 1.88%.

On an average Friday the Komodo shows an increase in value of 1.27%. However, the change of Komodo on most of the Fridays is between -3.27% and 5.81%. Therefore it is hard to tell whether an average Friday is a good day to start buying Komodos.

On an average Saturday the Komodo shows an increase in value of 1.05%. However, the change of Komodo on most of the Saturdays is between -2.52% and 4.63%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Komodos.

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 -0.31% 2.43% -2.74% to 2.11%
Monday 0.54% 1.94% -1.40% to 2.47%
Tuesday -1.06% 2.13% -3.18% to 1.07%
Wednesday -0.27% 4.52% -4.80% to 4.25%
Thursday 0.32% 1.56% -1.24% to 1.88%
Friday 1.27% 4.54% -3.27% to 5.81%
Saturday 1.05% 3.57% -2.52% to 4.63%
 

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