OmiseGO (OMG)

Current price: $ 4.75

24 hours price change: $ -0.008000 (-0.17%)

Daily analysis of OmiseGO (OMG) - 1 month

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 May 13th, 2021 to June 13th, 2021.

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

Average daily change in price of OmiseGO per weekday between 05/13/2021 and 06/13/2021.

According to the performance of OmiseGO between May 13th, 2021 and June 13th, 2021, OmiseGO performed the best on Wednesdays. On average, the price of OmiseGO increased 4.49% on Wednesday.

The weekday on which the OmiseGO performed the worst, is Friday. On Fridays, the OmiseGO declined in value on average by -2.61%.

OmiseGO weekday performance

Historical performance on Sunday do not show an increase in value of the OmiseGO on which a prediction can be made. The OmiseGO increased in value on average on an average Sunday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the OmiseGO on a Sunday is between -0.77% and 2.36% (see also the table below).

On an average Monday the OmiseGO shows an increase in value of 2.16%. However, the change of OmiseGO on most of the Mondays is between -1.70% and 6.02%. Therefore it is hard to tell whether an average Monday is a good day to start buying OmiseGOs.

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the OmiseGO is -0.07%. However, the standard deviation on this weekday is 0.07%. This means that on most Tuesdays, the change in value of the OmiseGO is between -0.14% and 0.00%.

The increase in value of the OmiseGO is 4.49% on an average Wednesday. However, the uncertainty on the average change is high for the OmiseGO on Wednesdays. This is the reason why an expected increase of the OmiseGO on an average Wednesday cannot be predicted. The standard deviation for OmiseGO on Wednesdays is high, namely 7.74%. This means that the expected range of value change for the OmiseGO is -3.25% and 12.23% on 68% of the Wednesdays.

OmiseGO increased in value on an average Thursday only slightly. The average increase in value of the OmiseGO was 0.13%. 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 (0.48%). This means that on 68 percent of the Thursdays, the change in price of the OmiseGO is expected to be in the range of -0.35% and 0.61%.

The OmiseGO declines in value on an average Friday with -2.61%. However, the uncertainty (or standard deviation) is quite large, namely 5.30%. This means that it is not possible to say whether on a regular Friday the OmiseGO will increase or decrease in value.

The OmiseGO declines in value on an average Saturday with -1.38%. However, the uncertainty (or standard deviation) is quite large, namely 2.68%. This means that it is not possible to say whether on a regular Saturday the OmiseGO will increase or decrease in value.

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 0.79% 1.56% -0.77% to 2.36%
Monday 2.16% 3.86% -1.70% to 6.02%
Tuesday -0.07% 0.07% -0.14% to 0.00%
Wednesday 4.49% 7.74% -3.25% to 12.23%
Thursday 0.13% 0.48% -0.35% to 0.61%
Friday -2.61% 5.30% -7.91% to 2.69%
Saturday -1.38% 2.68% -4.06% to 1.29%
 

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