Velas (VLX)

Current price: $ 0.07

24 hours price change: $ 0.001890 (2.66%)

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 July 11th, 2019 to July 10th, 2020.

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 07/11/2019 and 07/10/2020.

According to the performance of Velas between July 11th, 2019 and July 10th, 2020, Velas performed the best on Sundays. On average, the price of Velas increased 0.46% on Sunday.

The weekday on which the Velas performed the worst, is Monday. On Mondays, the Velas declined in value on average by -0.57%.

Velas weekday performance

On an average Sunday, the Velas increased 0.46%. However, since the expected deviation is 2.02%, the Velas will decline in value on a Sunday quiet regularly. The expected price change of the Velas on a Sunday is between -1.56% and 2.47%.

Allthough the Velas decreases in value with -0.57% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Mondays is 2.72%. This means that the expected change of the value of Velas is between -3.29% and 2.15% on 68 out of 100 Mondays.

It is hard to tell whether the Velas will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Velas is -0.12%. However, the standard deviation on this weekday is 1.93%. This means that on most Tuesdays, the change in value of the Velas is between -2.05% and 1.81%.

Velas increased in value on an average Wednesday only slightly. The average increase in value of the Velas was 0.20%. 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 (1.76%). This means that on 68 percent of the Wednesdays, the change in price of the Velas is expected to be in the range of -1.56% and 1.96%.

Velas increased in value on an average Thursday only slightly. The average increase in value of the Velas was 0.07%. 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 (1.03%). This means that on 68 percent of the Thursdays, the change in price of the Velas is expected to be in the range of -0.96% and 1.10%.

Allthough the Velas decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Fridays is 1.31%. This means that the expected change of the value of Velas is between -1.63% and 0.98% on 68 out of 100 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 -0.13%. However, the standard deviation on this weekday is 1.58%. This means that on most Saturdays, the change in value of the Velas is between -1.71% and 1.45%.

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 0.46% 2.02% -1.56% to 2.47%
Monday -0.57% 2.72% -3.29% to 2.15%
Tuesday -0.12% 1.93% -2.05% to 1.81%
Wednesday 0.20% 1.76% -1.56% to 1.96%
Thursday 0.07% 1.03% -0.96% to 1.10%
Friday -0.32% 1.31% -1.63% to 0.98%
Saturday -0.13% 1.58% -1.71% to 1.45%
 

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