VeChain (VEN)

Current price: $ 1.08

24 hours price change: - (-)

Daily analysis of VeChain (VEN) - 1 year

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 1 year, starting on July 5th, 2019 to July 4th, 2020.

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 07/05/2019 and 07/04/2020.

According to the performance of VeChain between July 5th, 2019 and July 4th, 2020, VeChain performed the best on Thursdays. On average, the price of VeChain increased 0.90% on Thursday.

The weekday on which the VeChain performed the worst, is Friday. On Fridays, the VeChain declined in value on average by -1.79%.

VeChain weekday performance

The VeChain declines in value on an average Sunday with -1.04%. However, the uncertainty (or standard deviation) is quite large, namely 4.51%. This means that it is not possible to say whether on a regular Sunday the VeChain will increase or decrease in value.

Allthough the VeChain decreases in value with -0.58% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of VeChain on Mondays is 4.74%. This means that the expected change of the value of VeChain is between -5.31% and 4.16% on 68 out of 100 Mondays.

The VeChain declines in value on an average Tuesday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 4.35%. This means that it is not possible to say whether on a regular Tuesday the VeChain will increase or decrease in value.

Historical performance on Wednesday do not show an increase in value of the VeChain on which a prediction can be made. The VeChain increased in value on average on an average Wednesday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the VeChain on a Wednesday is between -12.64% and 14.42% (see also the table below).

Historical performance on Thursday do not show an increase in value of the VeChain on which a prediction can be made. The VeChain increased in value on average on an average Thursday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the VeChain on a Thursday is between -13.01% and 14.80% (see also the table below).

The VeChain declines in value on an average Friday with -1.79%. However, the uncertainty (or standard deviation) is quite large, namely 5.15%. 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 -1.56%. However, the uncertainty (or standard deviation) is quite large, namely 5.22%. 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 -1.04% 4.51% -5.54% to 3.47%
Monday -0.58% 4.74% -5.31% to 4.16%
Tuesday -1.15% 4.35% -5.50% to 3.21%
Wednesday 0.89% 13.53% -12.64% to 14.42%
Thursday 0.90% 13.91% -13.01% to 14.80%
Friday -1.79% 5.15% -6.94% to 3.37%
Saturday -1.56% 5.22% -6.78% to 3.66%
 

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