The performance of OmiseGO regarding the price differs every day. To make the best decision to buy OmiseGO, we are analysis in this article the performance of OmiseGO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 18th, 2021 to January 18th, 2022.
In the barchart below, the weekdays and average performance of OmiseGO are shown side by side.
According to the performance of OmiseGO between December 18th, 2021 and January 18th, 2022, OmiseGO performed the best on Saturdays. On average, the price of OmiseGO increased 3.11% on Saturday.
The weekday on which the OmiseGO performed the worst, is Friday. On Fridays, the OmiseGO declined in value on average by -0.82%.
OmiseGO weekday performance
OmiseGO increased in value on an average Sunday only slightly. The average increase in value of the OmiseGO was 0.02%. Allthough the OmiseGO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.40%). This means that on 68 percent of the Sundays, the change in price of the OmiseGO is expected to be in the range of -1.38% and 1.43%.
Allthough the OmiseGO decreases in value with -0.53% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of OmiseGO on Mondays is 1.01%. This means that the expected change of the value of OmiseGO is between -1.54% and 0.48% on 68 out of 100 Mondays.
On Tuesdays, the OmiseGO decreases in value on average with -0.65%. On most of the Tuesdays the OmiseGO decreases in value between -1.25% and -0.05%. The uncertainty (0.60%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the OmiseGO on Tuesdays is large.
On an average Wednesday, the OmiseGO increased 0.47%. However, since the expected deviation is 1.05%, the OmiseGO will decline in value on a Wednesday quiet regularly. The expected price change of the OmiseGO on a Wednesday is between -0.58% and 1.53%.
OmiseGO increased in value on an average Thursday only slightly. The average increase in value of the OmiseGO was 0.26%. Allthough the OmiseGO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.45%). This means that on 68 percent of the Thursdays, the change in price of the OmiseGO is expected to be in the range of -0.19% and 0.71%.
On Fridays, the OmiseGO decreases in value on average with -0.82%. On most of the Fridays the OmiseGO decreases in value between -2.28% and 0.63%. The uncertainty (1.46%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the OmiseGO on Fridays is large.
On Saturdays, the average increase of the value of the OmiseGO is very high. The average increase is 3.11%. The standard deviation of the OmiseGO on Saturdays is 2.61%. This means that on 68% of the Saturdays, the OmiseGO increases between 0.50% and 5.73%. The uncertainty is therefore not very high, since on most Saturdays, the value of the OmiseGO will increase.
OmiseGO weekday performance details
Find below the details of the performance of OmiseGO 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||0.02%||1.40%||-1.38% to 1.43%|
|Monday||-0.53%||1.01%||-1.54% to 0.48%|
|Tuesday||-0.65%||0.60%||-1.25% to -0.05%|
|Wednesday||0.47%||1.05%||-0.58% to 1.53%|
|Thursday||0.26%||0.45%||-0.19% to 0.71%|
|Friday||-0.82%||1.46%||-2.28% to 0.63%|
|Saturday||3.11%||2.61%||0.50% to 5.73%|