MCO (MCO)

Current price: $ 8.97

24 hours price change: $ 0.24 (2.76%)

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 January 26th, 2021 to July 26th, 2021.

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 01/26/2021 and 07/26/2021.

According to the performance of MCO between January 26th, 2021 and July 26th, 2021, MCO performed the best on Wednesdays. On average, the price of MCO increased 1.03% on Wednesday.

The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -1.21%.

MCO weekday performance

On an average Sunday, the MCO increased 0.44%. However, since the expected deviation is 2.78%, the MCO will decline in value on a Sunday quiet regularly. The expected price change of the MCO on a Sunday is between -2.34% and 3.21%.

The MCO declines in value on an average Monday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 8.03%. This means that it is not possible to say whether on a regular Monday the MCO will increase or decrease in value.

Allthough the MCO decreases in value with -0.52% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Tuesdays is 1.85%. This means that the expected change of the value of MCO is between -2.37% and 1.33% on 68 out of 100 Tuesdays.

On an average Wednesday the MCO shows an increase in value of 1.03%. However, the change of MCO on most of the Wednesdays is between -3.36% and 5.41%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying MCOs.

It is hard to tell whether the MCO will increase or decrease in value on an average Thursday. The average change on a Thursday for the MCO is -0.21%. However, the standard deviation on this weekday is 2.83%. This means that on most Thursdays, the change in value of the MCO is between -3.05% and 2.62%.

It is hard to tell whether the MCO will increase or decrease in value on an average Friday. The average change on a Friday for the MCO is -0.29%. However, the standard deviation on this weekday is 2.97%. This means that on most Fridays, the change in value of the MCO is between -3.27% and 2.68%.

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 -0.09%. However, the standard deviation on this weekday is 2.84%. This means that on most Saturdays, the change in value of the MCO is between -2.94% and 2.75%.

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 0.44% 2.78% -2.34% to 3.21%
Monday -1.21% 8.03% -9.24% to 6.82%
Tuesday -0.52% 1.85% -2.37% to 1.33%
Wednesday 1.03% 4.38% -3.36% to 5.41%
Thursday -0.21% 2.83% -3.05% to 2.62%
Friday -0.29% 2.97% -3.27% to 2.68%
Saturday -0.09% 2.84% -2.94% to 2.75%
 

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