Polkadot (DOT)

Current price: $ 7.50

24 hours price change: $ -0.87 (-10.44%)

Daily analysis of Polkadot (DOT) - 1 month

The performance of Polkadot regarding the price differs every day. To make the best decision to buy Polkadot, we are analysis in this article the performance of Polkadot on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on July 19th, 2022 to August 19th, 2022.

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

Average daily change in price of Polkadot per weekday between 07/19/2022 and 08/19/2022.

According to the performance of Polkadot between July 19th, 2022 and August 19th, 2022, Polkadot performed the best on Wednesdays. On average, the price of Polkadot increased 0.35% on Wednesday.

The weekday on which the Polkadot performed the worst, is Tuesday. On Tuesdays, the Polkadot declined in value on average by -0.12%.

Polkadot weekday performance

It is hard to tell whether the Polkadot will increase or decrease in value on an average Sunday. The average change on a Sunday for the Polkadot is -0.01%. However, the standard deviation on this weekday is 0.05%. This means that on most Sundays, the change in value of the Polkadot is between -0.06% and 0.05%.

Polkadot increased in value on an average Monday only slightly. The average increase in value of the Polkadot was 0.22%. Allthough the Polkadot closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.58%). This means that on 68 percent of the Mondays, the change in price of the Polkadot is expected to be in the range of -0.36% and 0.80%.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Polkadot is -0.12%. However, the standard deviation on this weekday is 0.17%. This means that on most Tuesdays, the change in value of the Polkadot is between -0.29% and 0.05%.

On an average Wednesday, the Polkadot increased 0.35%. However, since the expected deviation is 0.63%, the Polkadot will decline in value on a Wednesday quiet regularly. The expected price change of the Polkadot on a Wednesday is between -0.28% and 0.99%.

Polkadot increased in value on an average Thursday only slightly. The average increase in value of the Polkadot was 0.00%. Allthough the Polkadot closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.08%). This means that on 68 percent of the Thursdays, the change in price of the Polkadot is expected to be in the range of -0.08% and 0.08%.

It is hard to tell whether the Polkadot will increase or decrease in value on an average Friday. The average change on a Friday for the Polkadot is -0.01%. However, the standard deviation on this weekday is 0.05%. This means that on most Fridays, the change in value of the Polkadot is between -0.06% and 0.04%.

The Polkadot will almost not change or only slightly increase in value on an average Saturday. The average change of the Polkadot on Saturdays is 0.09%. The standard deviation of the Polkadot is 0.09%, which means that in 68% of the Saturdays, the range of the change of the Polkadot is 0.01% and 0.18%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Polkadot weekday performance details

Find below the details of the performance of Polkadot 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 -0.01% 0.05% -0.06% to 0.05%
Monday 0.22% 0.58% -0.36% to 0.80%
Tuesday -0.12% 0.17% -0.29% to 0.05%
Wednesday 0.35% 0.63% -0.28% to 0.99%
Thursday 0.00% 0.08% -0.08% to 0.08%
Friday -0.01% 0.05% -0.06% to 0.04%
Saturday 0.09% 0.09% 0.01% to 0.18%
 

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