The performance of Metaverse ETP regarding the price differs every day. To make the best decision to buy Metaverse ETP, we are analysis in this article the performance of Metaverse ETP on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on July 19th, 2021 to January 19th, 2022.
In the barchart below, the weekdays and average performance of Metaverse ETP are shown side by side.
According to the performance of Metaverse ETP between July 19th, 2021 and January 19th, 2022, Metaverse ETP performed the best on Fridays. On average, the price of Metaverse ETP increased 3.59% on Friday.
The weekday on which the Metaverse ETP performed the worst, is Tuesday. On Tuesdays, the Metaverse ETP declined in value on average by -1.12%.
Metaverse ETP weekday performance
On an average Sunday, the Metaverse ETP increased 0.37%. However, since the expected deviation is 2.29%, the Metaverse ETP will decline in value on a Sunday quiet regularly. The expected price change of the Metaverse ETP on a Sunday is between -1.92% and 2.66%.
Metaverse ETP increased in value on an average Monday only slightly. The average increase in value of the Metaverse ETP was 0.04%. Allthough the Metaverse ETP closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.83%). This means that on 68 percent of the Mondays, the change in price of the Metaverse ETP is expected to be in the range of -0.78% and 0.87%.
The Metaverse ETP declines in value on an average Tuesday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 3.42%. This means that it is not possible to say whether on a regular Tuesday the Metaverse ETP will increase or decrease in value.
On an average Wednesday, the Metaverse ETP increased 0.39%. However, since the expected deviation is 1.59%, the Metaverse ETP will decline in value on a Wednesday quiet regularly. The expected price change of the Metaverse ETP on a Wednesday is between -1.20% and 1.98%.
Allthough the Metaverse ETP decreases in value with -0.33% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Metaverse ETP on Thursdays is 2.91%. This means that the expected change of the value of Metaverse ETP is between -3.25% and 2.58% on 68 out of 100 Thursdays.
The increase in value of the Metaverse ETP is 3.59% on an average Friday. However, the uncertainty on the average change is high for the Metaverse ETP on Fridays. This is the reason why an expected increase of the Metaverse ETP on an average Friday cannot be predicted. The standard deviation for Metaverse ETP on Fridays is high, namely 15.69%. This means that the expected range of value change for the Metaverse ETP is -12.10% and 19.28% on 68% of the Fridays.
On Saturdays, the Metaverse ETP decreases in value on average with -0.61%. On most of the Saturdays the Metaverse ETP decreases in value between -2.63% and 1.41%. The uncertainty (2.02%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Metaverse ETP on Saturdays is large.
Metaverse ETP weekday performance details
Find below the details of the performance of Metaverse ETP 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||0.37%||2.29%||-1.92% to 2.66%|
|Monday||0.04%||0.83%||-0.78% to 0.87%|
|Tuesday||-1.12%||3.42%||-4.54% to 2.29%|
|Wednesday||0.39%||1.59%||-1.20% to 1.98%|
|Thursday||-0.33%||2.91%||-3.25% to 2.58%|
|Friday||3.59%||15.69%||-12.10% to 19.28%|
|Saturday||-0.61%||2.02%||-2.63% to 1.41%|