MCO (MCO)

Current price: $ 5.48

24 hours price change: $ -0.13 (-2.32%)

Daily analysis of MCO (MCO) - 6 months

The performance of MCO regarding the price differs every day. To make the best decision to buy MCO, we are analysis in this article the performance of MCO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on February 16th, 2022 to August 16th, 2022.

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

Average daily change in price of MCO per weekday between 02/16/2022 and 08/16/2022.

According to the performance of MCO between February 16th, 2022 and August 16th, 2022, MCO performed the best on Thursdays. On average, the price of MCO increased 1.97% on Thursday.

The weekday on which the MCO performed the worst, is Friday. On Fridays, the MCO declined in value on average by -0.32%.

MCO weekday performance

It is hard to tell whether the MCO will increase or decrease in value on an average Sunday. The average change on a Sunday for the MCO is -0.01%. However, the standard deviation on this weekday is 0.22%. This means that on most Sundays, the change in value of the MCO is between -0.23% and 0.21%.

MCO increased in value on an average Monday only slightly. The average increase in value of the MCO was 0.03%. Allthough the MCO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.22%). This means that on 68 percent of the Mondays, the change in price of the MCO is expected to be in the range of -0.19% and 0.25%.

MCO increased in value on an average Tuesday only slightly. The average increase in value of the MCO was 0.10%. Allthough the MCO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.35%). This means that on 68 percent of the Tuesdays, the change in price of the MCO is expected to be in the range of -0.24% and 0.45%.

MCO increased in value on an average Wednesday only slightly. The average increase in value of the MCO was 0.12%. Allthough the MCO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.96%). This means that on 68 percent of the Wednesdays, the change in price of the MCO is expected to be in the range of -0.83% and 1.08%.

On an average Thursday the MCO shows an increase in value of 1.97%. However, the change of MCO on most of the Thursdays is between -7.32% and 11.27%. Therefore it is hard to tell whether an average Thursday is a good day to start buying MCOs.

Allthough the MCO decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Fridays is 1.10%. This means that the expected change of the value of MCO is between -1.42% and 0.78% on 68 out of 100 Fridays.

It is hard to tell whether the MCO will increase or decrease in value on an average Saturday. The average change on a Saturday for the MCO is -0.01%. However, the standard deviation on this weekday is 0.58%. This means that on most Saturdays, the change in value of the MCO is between -0.59% and 0.58%.

MCO weekday performance details

Find below the details of the performance of MCO 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 -0.01% 0.22% -0.23% to 0.21%
Monday 0.03% 0.22% -0.19% to 0.25%
Tuesday 0.10% 0.35% -0.24% to 0.45%
Wednesday 0.12% 0.96% -0.83% to 1.08%
Thursday 1.97% 9.30% -7.32% to 11.27%
Friday -0.32% 1.10% -1.42% to 0.78%
Saturday -0.01% 0.58% -0.59% to 0.58%
 

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: Financial indicators for cryptocurrencies