MCO (MCO)

Current price: $ 3.54

24 hours price change: $ 0.40 (12.63%)

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 September 4th, 2020 to March 3rd, 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 09/04/2020 and 03/03/2021.

According to the performance of MCO between September 4th, 2020 and March 3rd, 2021, MCO performed the best on Thursdays. On average, the price of MCO increased 1.05% on Thursday.

The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -1.61%.

MCO weekday performance

On Sundays, the MCO decreases in value on average with -0.98%. On most of the Sundays the MCO decreases in value between -5.51% and 3.56%. The uncertainty (4.53%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the MCO on Sundays is large.

The MCO declines in value on an average Monday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 3.79%. This means that it is not possible to say whether on a regular Monday the MCO will increase or decrease in value.

On Tuesdays, the MCO decreases in value on average with -0.66%. On most of the Tuesdays the MCO decreases in value between -2.38% and 1.06%. The uncertainty (1.72%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the MCO on Tuesdays is large.

Historical performance on Wednesday do not show an increase in value of the MCO on which a prediction can be made. The MCO increased in value on average on an average Wednesday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Wednesday is between -1.75% and 2.98% (see also the table below).

On an average Thursday the MCO shows an increase in value of 1.05%. However, the change of MCO on most of the Thursdays is between -3.02% and 5.12%. Therefore it is hard to tell whether an average Thursday is a good day to start buying MCOs.

Historical performance on Friday do not show an increase in value of the MCO on which a prediction can be made. The MCO increased in value on average on an average Friday with 0.67%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Friday is between -2.17% and 3.52% (see also the table below).

On an average Saturday, the MCO increased 0.38%. However, since the expected deviation is 3.95%, the MCO will decline in value on a Saturday quiet regularly. The expected price change of the MCO on a Saturday is between -3.57% and 4.32%.

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 -0.98% 4.53% -5.51% to 3.56%
Monday -1.61% 3.79% -5.40% to 2.18%
Tuesday -0.66% 1.72% -2.38% to 1.06%
Wednesday 0.61% 2.37% -1.75% to 2.98%
Thursday 1.05% 4.07% -3.02% to 5.12%
Friday 0.67% 2.84% -2.17% to 3.52%
Saturday 0.38% 3.95% -3.57% to 4.32%
 

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