VeChain (VEN)

Current price: $ 5.56

24 hours price change: $ 0.03 (0.49%)

Daily analysis of VeChain (VEN) - all

The performance of VeChain regarding the price differs every day. To make the best decision to buy VeChain, we are analysis in this article the performance of VeChain on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 21st, 2013 to July 29th, 2021.

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

Average daily change in price of VeChain per weekday between 10/21/2013 and 07/29/2021.

According to the performance of VeChain between October 21st, 2013 and July 29th, 2021, VeChain performed the best on Thursdays. On average, the price of VeChain increased inf% on Thursday.

The weekday on which the VeChain performed the worst, is Sunday. On Sundays, the VeChain declined in value on average by -2.26%.

VeChain weekday performance

The VeChain declines in value on an average Sunday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 12.84%. This means that it is not possible to say whether on a regular Sunday the VeChain will increase or decrease in value.

The increase in value of the VeChain is 3.13% on an average Monday. However, the uncertainty on the average change is high for the VeChain on Mondays. This is the reason why an expected increase of the VeChain on an average Monday cannot be predicted. The standard deviation for VeChain on Mondays is high, namely 98.85%. This means that the expected range of value change for the VeChain is -95.72% and 101.99% on 68% of the Mondays.

On Tuesdays, the VeChain decreases in value on average with -0.98%. On most of the Tuesdays the VeChain decreases in value between -19.06% and 17.09%. The uncertainty (18.07%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the VeChain on Tuesdays is large.

The VeChain declines in value on an average Wednesday with -1.23%. However, the uncertainty (or standard deviation) is quite large, namely 14.60%. This means that it is not possible to say whether on a regular Wednesday the VeChain will increase or decrease in value.

On Thursdays, the average increase of the value of the VeChain is very high. The average increase is inf%. The standard deviation of the VeChain on Thursdays is nan%. This means that on 68% of the Thursdays, the VeChain increases between nan% and nan%. The uncertainty is therefore not very high, since on most Thursdays, the value of the VeChain will increase.

The VeChain declines in value on an average Friday with -1.90%. However, the uncertainty (or standard deviation) is quite large, namely 10.55%. This means that it is not possible to say whether on a regular Friday the VeChain will increase or decrease in value.

The VeChain declines in value on an average Saturday with -1.53%. However, the uncertainty (or standard deviation) is quite large, namely 11.65%. This means that it is not possible to say whether on a regular Saturday the VeChain will increase or decrease in value.

VeChain weekday performance details

Find below the details of the performance of VeChain 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 -2.26% 12.84% -15.10% to 10.58%
Monday 3.13% 98.85% -95.72% to 101.99%
Tuesday -0.98% 18.07% -19.06% to 17.09%
Wednesday -1.23% 14.60% -15.83% to 13.37%
Thursday inf% nan% nan% to nan%
Friday -1.90% 10.55% -12.46% to 8.65%
Saturday -1.53% 11.65% -13.19% to 10.12%
 

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