Velas (VLX)

Current price: $ 0.23

24 hours price change: $ -0.02 (-7.68%)

Daily analysis of Velas (VLX) - 6 months

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 6 months, starting on July 24th, 2021 to January 24th, 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 07/24/2021 and 01/24/2022.

According to the performance of Velas between July 24th, 2021 and January 24th, 2022, Velas performed the best on Saturdays. On average, the price of Velas increased 0.18% on Saturday.

The weekday on which the Velas performed the worst, is Monday. On Mondays, the Velas declined in value on average by -0.87%.

Velas weekday performance

It is hard to tell whether the Velas will increase or decrease in value on an average Sunday. The average change on a Sunday for the Velas is -0.07%. However, the standard deviation on this weekday is 0.46%. This means that on most Sundays, the change in value of the Velas is between -0.53% and 0.40%.

On Mondays, the Velas decreases in value on average with -0.87%. On most of the Mondays the Velas decreases in value between -5.51% and 3.76%. The uncertainty (4.63%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Velas on Mondays is large.

Velas increased in value on an average Tuesday 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 (0.52%). This means that on 68 percent of the Tuesdays, the change in price of the Velas is expected to be in the range of -0.45% and 0.58%.

Velas increased in value on an average Wednesday only slightly. The average increase in value of the Velas was 0.15%. 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 (0.60%). This means that on 68 percent of the Wednesdays, the change in price of the Velas is expected to be in the range of -0.44% and 0.75%.

Velas increased in value on an average Thursday only slightly. The average increase in value of the Velas was 0.04%. 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 (0.41%). This means that on 68 percent of the Thursdays, the change in price of the Velas is expected to be in the range of -0.37% and 0.45%.

Velas increased in value on an average Friday only slightly. The average increase in value of the Velas was 0.01%. 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 (0.36%). This means that on 68 percent of the Fridays, the change in price of the Velas is expected to be in the range of -0.35% and 0.37%.

Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.18%. 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 (0.53%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of -0.35% and 0.71%.

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 -0.07% 0.46% -0.53% to 0.40%
Monday -0.87% 4.63% -5.51% to 3.76%
Tuesday 0.06% 0.52% -0.45% to 0.58%
Wednesday 0.15% 0.60% -0.44% to 0.75%
Thursday 0.04% 0.41% -0.37% to 0.45%
Friday 0.01% 0.36% -0.35% to 0.37%
Saturday 0.18% 0.53% -0.35% to 0.71%
 

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