OmiseGO (OMG)

Current price: $ 9.82

24 hours price change: $ -0.11 (-1.07%)

Daily analysis of OmiseGO (OMG) - 6 months

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 6 months, starting on November 16th, 2020 to May 16th, 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 11/16/2020 and 05/16/2021.

According to the performance of OmiseGO between November 16th, 2020 and May 16th, 2021, OmiseGO performed the best on Fridays. On average, the price of OmiseGO increased 1.05% on Friday.

The weekday on which the OmiseGO performed the worst, is Tuesday. On Tuesdays, the OmiseGO declined in value on average by -0.65%.

OmiseGO weekday performance

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Sunday. The average change on a Sunday for the OmiseGO is -0.29%. However, the standard deviation on this weekday is 3.03%. This means that on most Sundays, the change in value of the OmiseGO is between -3.32% and 2.74%.

On an average Monday, the OmiseGO increased 0.39%. However, since the expected deviation is 4.96%, the OmiseGO will decline in value on a Monday quiet regularly. The expected price change of the OmiseGO on a Monday is between -4.57% and 5.34%.

On Tuesdays, the OmiseGO decreases in value on average with -0.65%. On most of the Tuesdays the OmiseGO decreases in value between -3.43% and 2.13%. The uncertainty (2.78%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the OmiseGO on Tuesdays is large.

OmiseGO increased in value on an average Wednesday only slightly. The average increase in value of the OmiseGO was 0.29%. 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 (5.33%). This means that on 68 percent of the Wednesdays, the change in price of the OmiseGO is expected to be in the range of -5.04% and 5.62%.

Historical performance on Thursday 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 Thursday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the OmiseGO on a Thursday is between -1.33% and 3.09% (see also the table below).

On an average Friday the OmiseGO shows an increase in value of 1.05%. However, the change of OmiseGO on most of the Fridays is between -1.91% and 4.01%. Therefore it is hard to tell whether an average Friday is a good day to start buying OmiseGOs.

Historical performance on Saturday 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 Saturday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the OmiseGO on a Saturday is between -4.37% and 6.04% (see also the table below).

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 -0.29% 3.03% -3.32% to 2.74%
Monday 0.39% 4.96% -4.57% to 5.34%
Tuesday -0.65% 2.78% -3.43% to 2.13%
Wednesday 0.29% 5.33% -5.04% to 5.62%
Thursday 0.88% 2.21% -1.33% to 3.09%
Friday 1.05% 2.96% -1.91% to 4.01%
Saturday 0.84% 5.20% -4.37% to 6.04%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.