Velas (VLX)

Current price: $ 0.12

24 hours price change: $ -0.04 (-26.12%)

Daily analysis of Velas (VLX) - 1 month

The performance of Velas regarding the price differs every day. To make the best decision to buy Velas, we are analysis in this article the performance of Velas on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 18th, 2021 to May 18th, 2021.

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

Average daily change in price of Velas per weekday between 04/18/2021 and 05/18/2021.

According to the performance of Velas between April 18th, 2021 and May 18th, 2021, Velas performed the best on Fridays. On average, the price of Velas increased 8.30% on Friday.

The weekday on which the Velas performed the worst, is Wednesday. On Wednesdays, the Velas declined in value on average by -0.96%.

Velas weekday performance

Historical performance on Sunday do not show an increase in value of the Velas on which a prediction can be made. The Velas increased in value on average on an average Sunday with 0.78%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Sunday is between -0.28% and 1.84% (see also the table below).

On an average Monday, the Velas increased 0.46%. However, since the expected deviation is 0.61%, the Velas will decline in value on a Monday quiet regularly. The expected price change of the Velas on a Monday is between -0.15% and 1.08%.

On an average Tuesday, the Velas increased 0.42%. However, since the expected deviation is 0.58%, the Velas will decline in value on a Tuesday quiet regularly. The expected price change of the Velas on a Tuesday is between -0.16% and 1.00%.

On Wednesdays, the Velas decreases in value on average with -0.96%. On most of the Wednesdays the Velas decreases in value between -2.43% and 0.50%. The uncertainty (1.46%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the Velas on Wednesdays is large.

On an average Thursday the Velas shows an increase in value of 2.20%. However, the change of Velas on most of the Thursdays is between -2.04% and 6.44%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Velass.

The increase in value of the Velas is 8.30% on an average Friday. However, the uncertainty on the average change is high for the Velas on Fridays. This is the reason why an expected increase of the Velas on an average Friday cannot be predicted. The standard deviation for Velas on Fridays is high, namely 14.46%. This means that the expected range of value change for the Velas is -6.16% and 22.77% on 68% of the Fridays.

It is hard to tell whether the Velas will increase or decrease in value on an average Saturday. The average change on a Saturday for the Velas is -0.07%. However, the standard deviation on this weekday is 0.14%. This means that on most Saturdays, the change in value of the Velas is between -0.22% and 0.07%.

Velas weekday performance details

Find below the details of the performance of Velas 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 0.78% 1.06% -0.28% to 1.84%
Monday 0.46% 0.61% -0.15% to 1.08%
Tuesday 0.42% 0.58% -0.16% to 1.00%
Wednesday -0.96% 1.46% -2.43% to 0.50%
Thursday 2.20% 4.24% -2.04% to 6.44%
Friday 8.30% 14.46% -6.16% to 22.77%
Saturday -0.07% 0.14% -0.22% to 0.07%

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