Monero (XMR)

Current price: $ 64.36

24 hours price change: $ 0.05 (0.08%)

Daily analysis of Monero (XMR) - 6 months

The performance of Monero regarding the price differs every day. To make the best decision to buy Monero, we are analysis in this article the performance of Monero on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on January 7th, 2020 to July 6th, 2020.

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

Average daily change in price of Monero per weekday between 01/07/2020 and 07/06/2020.

According to the performance of Monero between January 7th, 2020 and July 6th, 2020, Monero performed the best on Tuesdays. On average, the price of Monero increased 0.37% on Tuesday.

The weekday on which the Monero performed the worst, is Wednesday. On Wednesdays, the Monero declined in value on average by -0.35%.

Monero weekday performance

It is hard to tell whether the Monero will increase or decrease in value on an average Sunday. The average change on a Sunday for the Monero is -0.07%. However, the standard deviation on this weekday is 0.51%. This means that on most Sundays, the change in value of the Monero is between -0.58% and 0.44%.

Monero increased in value on an average Monday only slightly. The average increase in value of the Monero was 0.04%. Allthough the Monero closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.64%). This means that on 68 percent of the Mondays, the change in price of the Monero is expected to be in the range of -0.60% and 0.69%.

On an average Tuesday, the Monero increased 0.37%. However, since the expected deviation is 1.38%, the Monero will decline in value on a Tuesday quiet regularly. The expected price change of the Monero on a Tuesday is between -1.01% and 1.74%.

Allthough the Monero decreases in value with -0.35% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Wednesdays is 1.04%. This means that the expected change of the value of Monero is between -1.39% and 0.69% on 68 out of 100 Wednesdays.

It is hard to tell whether the Monero will increase or decrease in value on an average Thursday. The average change on a Thursday for the Monero is -0.19%. However, the standard deviation on this weekday is 1.15%. This means that on most Thursdays, the change in value of the Monero is between -1.34% and 0.96%.

It is hard to tell whether the Monero will increase or decrease in value on an average Friday. The average change on a Friday for the Monero is -0.13%. However, the standard deviation on this weekday is 0.87%. This means that on most Fridays, the change in value of the Monero is between -0.99% and 0.74%.

Monero increased in value on an average Saturday only slightly. The average increase in value of the Monero was 0.03%. Allthough the Monero closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.77%). This means that on 68 percent of the Saturdays, the change in price of the Monero is expected to be in the range of -0.74% and 0.80%.

Monero weekday performance details

Find below the details of the performance of Monero 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 -0.07% 0.51% -0.58% to 0.44%
Monday 0.04% 0.64% -0.60% to 0.69%
Tuesday 0.37% 1.38% -1.01% to 1.74%
Wednesday -0.35% 1.04% -1.39% to 0.69%
Thursday -0.19% 1.15% -1.34% to 0.96%
Friday -0.13% 0.87% -0.99% to 0.74%
Saturday 0.03% 0.77% -0.74% to 0.80%
 

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