Velas (VLX)

Current price: $ 0.04

24 hours price change: $ -0.000080 (-0.18%)

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 August 26th, 2022 to September 26th, 2022.

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 08/26/2022 and 09/26/2022.

According to the performance of Velas between August 26th, 2022 and September 26th, 2022, Velas performed the best on Wednesdays. On average, the price of Velas increased 0.46% on Wednesday.

The weekday on which the Velas performed the worst, is Friday. On Fridays, the Velas declined in value on average by -0.07%.

Velas weekday performance

Velas increased in value on an average Sunday only slightly. The average increase in value of the Velas was 0.06%. Allthough the Velas closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.07%). This means that on 68 percent of the Sundays, the change in price of the Velas is expected to be in the range of -0.01% and 0.13%.

It is hard to tell whether the Velas will increase or decrease in value on an average Monday. The average change on a Monday for the Velas is -0.01%. However, the standard deviation on this weekday is 0.06%. This means that on most Mondays, the change in value of the Velas is between -0.07% and 0.04%.

Velas increased in value on an average Tuesday only slightly. The average increase in value of the Velas was 0.08%. Allthough the Velas closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.09%). This means that on 68 percent of the Tuesdays, the change in price of the Velas is expected to be in the range of -0.01% and 0.18%.

On an average Wednesday, the Velas increased 0.46%. However, since the expected deviation is 0.90%, the Velas will decline in value on a Wednesday quiet regularly. The expected price change of the Velas on a Wednesday is between -0.44% and 1.36%.

Velas increased in value on an average Thursday only slightly. The average increase in value of the Velas was 0.13%. Allthough the Velas closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.20%). This means that on 68 percent of the Thursdays, the change in price of the Velas is expected to be in the range of -0.07% and 0.33%.

It is hard to tell whether the Velas will increase or decrease in value on an average Friday. The average change on a Friday for the Velas is -0.07%. However, the standard deviation on this weekday is 0.09%. This means that on most Fridays, the change in value of the Velas is between -0.16% and 0.02%.

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 -0.03%. However, the standard deviation on this weekday is 0.05%. This means that on most Saturdays, the change in value of the Velas is between -0.08% and 0.02%.

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 0.06% 0.07% -0.01% to 0.13%
Monday -0.01% 0.06% -0.07% to 0.04%
Tuesday 0.08% 0.09% -0.01% to 0.18%
Wednesday 0.46% 0.90% -0.44% to 1.36%
Thursday 0.13% 0.20% -0.07% to 0.33%
Friday -0.07% 0.09% -0.16% to 0.02%
Saturday -0.03% 0.05% -0.08% to 0.02%
 

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