MonaCoin (MONA)

Current price: $ 1.59

24 hours price change: $ -0.03 (-2.12%)

Daily analysis of MonaCoin (MONA) - 1 year

The performance of MonaCoin regarding the price differs every day. To make the best decision to buy MonaCoin, we are analysis in this article the performance of MonaCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on July 5th, 2019 to July 5th, 2020.

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

Average daily change in price of MonaCoin per weekday between 07/05/2019 and 07/05/2020.

According to the performance of MonaCoin between July 5th, 2019 and July 5th, 2020, MonaCoin performed the best on Sundays. On average, the price of MonaCoin increased 0.41% on Sunday.

The weekday on which the MonaCoin performed the worst, is Tuesday. On Tuesdays, the MonaCoin declined in value on average by -0.59%.

MonaCoin weekday performance

On an average Sunday, the MonaCoin increased 0.41%. However, since the expected deviation is 2.42%, the MonaCoin will decline in value on a Sunday quiet regularly. The expected price change of the MonaCoin on a Sunday is between -2.00% and 2.83%.

Allthough the MonaCoin decreases in value with -0.45% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Mondays is 2.35%. This means that the expected change of the value of MonaCoin is between -2.80% and 1.90% on 68 out of 100 Mondays.

Allthough the MonaCoin decreases in value with -0.59% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Tuesdays is 3.48%. This means that the expected change of the value of MonaCoin is between -4.07% and 2.88% on 68 out of 100 Tuesdays.

MonaCoin increased in value on an average Wednesday only slightly. The average increase in value of the MonaCoin was 0.03%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.83%). This means that on 68 percent of the Wednesdays, the change in price of the MonaCoin is expected to be in the range of -1.80% and 1.86%.

MonaCoin increased in value on an average Thursday only slightly. The average increase in value of the MonaCoin was 0.18%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.14%). This means that on 68 percent of the Thursdays, the change in price of the MonaCoin is expected to be in the range of -1.96% and 2.33%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Friday. The average change on a Friday for the MonaCoin is -0.23%. However, the standard deviation on this weekday is 1.57%. This means that on most Fridays, the change in value of the MonaCoin is between -1.80% and 1.34%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the MonaCoin is -0.12%. However, the standard deviation on this weekday is 2.53%. This means that on most Saturdays, the change in value of the MonaCoin is between -2.65% and 2.41%.

MonaCoin weekday performance details

Find below the details of the performance of MonaCoin 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 0.41% 2.42% -2.00% to 2.83%
Monday -0.45% 2.35% -2.80% to 1.90%
Tuesday -0.59% 3.48% -4.07% to 2.88%
Wednesday 0.03% 1.83% -1.80% to 1.86%
Thursday 0.18% 2.14% -1.96% to 2.33%
Friday -0.23% 1.57% -1.80% to 1.34%
Saturday -0.12% 2.53% -2.65% to 2.41%
 

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