Maker (MKR)

Current price: $ 3,054.21

24 hours price change: $ 55.57 (1.85%)

Daily analysis of Maker (MKR) - 6 months

The performance of Maker regarding the price differs every day. To make the best decision to buy Maker, we are analysis in this article the performance of Maker on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on December 13th, 2020 to June 13th, 2021.

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

Average daily change in price of Maker per weekday between 12/13/2020 and 06/13/2021.

According to the performance of Maker between December 13th, 2020 and June 13th, 2021, Maker performed the best on Thursdays. On average, the price of Maker increased 1.06% on Thursday.

The weekday on which the Maker performed the worst, is Tuesday. On Tuesdays, the Maker declined in value on average by -0.62%.

Maker weekday performance

It is hard to tell whether the Maker will increase or decrease in value on an average Sunday. The average change on a Sunday for the Maker is -0.25%. However, the standard deviation on this weekday is 2.54%. This means that on most Sundays, the change in value of the Maker is between -2.78% and 2.29%.

Historical performance on Monday do not show an increase in value of the Maker on which a prediction can be made. The Maker increased in value on average on an average Monday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Maker on a Monday is between -2.23% and 3.62% (see also the table below).

On Tuesdays, the Maker decreases in value on average with -0.62%. On most of the Tuesdays the Maker decreases in value between -5.01% and 3.78%. The uncertainty (4.40%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Maker on Tuesdays is large.

Allthough the Maker decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Maker on Wednesdays is 4.36%. This means that the expected change of the value of Maker is between -4.90% and 3.82% on 68 out of 100 Wednesdays.

On an average Thursday the Maker shows an increase in value of 1.06%. However, the change of Maker on most of the Thursdays is between -3.67% and 5.78%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Makers.

It is hard to tell whether the Maker will increase or decrease in value on an average Friday. The average change on a Friday for the Maker is -0.09%. However, the standard deviation on this weekday is 4.02%. This means that on most Fridays, the change in value of the Maker is between -4.11% and 3.92%.

Maker increased in value on an average Saturday only slightly. The average increase in value of the Maker was 0.19%. Allthough the Maker closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.05%). This means that on 68 percent of the Saturdays, the change in price of the Maker is expected to be in the range of -2.86% and 3.23%.

Maker weekday performance details

Find below the details of the performance of Maker 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 -0.25% 2.54% -2.78% to 2.29%
Monday 0.69% 2.92% -2.23% to 3.62%
Tuesday -0.62% 4.40% -5.01% to 3.78%
Wednesday -0.54% 4.36% -4.90% to 3.82%
Thursday 1.06% 4.72% -3.67% to 5.78%
Friday -0.09% 4.02% -4.11% to 3.92%
Saturday 0.19% 3.05% -2.86% to 3.23%
 

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