Velas (VLX)

Current price: $ 0.009729

24 hours price change: $ 0.000072 (0.75%)

Daily analysis of Velas (VLX) - 1 year

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 year, starting on June 23rd, 2023 to June 23rd, 2024.

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 06/23/2023 and 06/23/2024.

According to the performance of Velas between June 23rd, 2023 and June 23rd, 2024, Velas performed the best on Sundays. On average, the price of Velas increased 1.29% on Sunday.

The weekday on which the Velas performed the worst, is Friday. On Fridays, the Velas declined in value on average by -1.13%.

Velas weekday performance

On an average Sunday the Velas shows an increase in value of 1.29%. However, the change of Velas on most of the Sundays is between -5.20% and 7.79%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Velass.

Allthough the Velas decreases in value with -0.42% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Mondays is 1.88%. This means that the expected change of the value of Velas is between -2.30% and 1.45% on 68 out of 100 Mondays.

Allthough the Velas decreases in value with -0.36% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Tuesdays is 2.21%. This means that the expected change of the value of Velas is between -2.57% and 1.84% on 68 out of 100 Tuesdays.

It is hard to tell whether the Velas will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Velas is -0.15%. However, the standard deviation on this weekday is 2.12%. This means that on most Wednesdays, the change in value of the Velas is between -2.27% and 1.97%.

Velas increased in value on an average Thursday only slightly. The average increase in value of the Velas was 0.29%. 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 (4.69%). This means that on 68 percent of the Thursdays, the change in price of the Velas is expected to be in the range of -4.40% and 4.99%.

The Velas declines in value on an average Friday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 4.33%. This means that it is not possible to say whether on a regular Friday the Velas will increase or decrease in value.

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 -0.06%. However, the standard deviation on this weekday is 2.42%. This means that on most Saturdays, the change in value of the Velas is between -2.48% and 2.36%.

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 1.29% 6.50% -5.20% to 7.79%
Monday -0.42% 1.88% -2.30% to 1.45%
Tuesday -0.36% 2.21% -2.57% to 1.84%
Wednesday -0.15% 2.12% -2.27% to 1.97%
Thursday 0.29% 4.69% -4.40% to 4.99%
Friday -1.13% 4.33% -5.46% to 3.20%
Saturday -0.06% 2.42% -2.48% to 2.36%
 

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