The performance of WAX regarding the price differs every day. To make the best decision to buy WAX, we are analysis in this article the performance of WAX on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on January 7th, 2018 to October 1st, 2022.
In the barchart below, the weekdays and average performance of WAX are shown side by side.
According to the performance of WAX between January 7th, 2018 and October 1st, 2022, WAX performed the best on Wednesdays. On average, the price of WAX increased 0.72% on Wednesday.
The weekday on which the WAX performed the worst, is Friday. On Fridays, the WAX declined in value on average by -0.67%.
WAX weekday performance
On an average Sunday, the WAX increased 0.30%. However, since the expected deviation is 6.77%, the WAX will decline in value on a Sunday quiet regularly. The expected price change of the WAX on a Sunday is between -6.47% and 7.08%.
Allthough the WAX decreases in value with -0.30% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of WAX on Mondays is 7.96%. This means that the expected change of the value of WAX is between -8.26% and 7.66% on 68 out of 100 Mondays.
It is hard to tell whether the WAX will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the WAX is -0.23%. However, the standard deviation on this weekday is 5.80%. This means that on most Tuesdays, the change in value of the WAX is between -6.04% and 5.57%.
Historical performance on Wednesday do not show an increase in value of the WAX on which a prediction can be made. The WAX increased in value on average on an average Wednesday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the WAX on a Wednesday is between -9.33% and 10.76% (see also the table below).
It is hard to tell whether the WAX will increase or decrease in value on an average Thursday. The average change on a Thursday for the WAX is -0.08%. However, the standard deviation on this weekday is 6.29%. This means that on most Thursdays, the change in value of the WAX is between -6.37% and 6.21%.
On Fridays, the WAX decreases in value on average with -0.67%. On most of the Fridays the WAX decreases in value between -7.65% and 6.32%. The uncertainty (6.98%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the WAX on Fridays is large.
Historical performance on Saturday do not show an increase in value of the WAX on which a prediction can be made. The WAX increased in value on average on an average Saturday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the WAX on a Saturday is between -5.06% and 6.36% (see also the table below).
WAX weekday performance details
Find below the details of the performance of WAX 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||0.30%||6.77%||-6.47% to 7.08%|
|Monday||-0.30%||7.96%||-8.26% to 7.66%|
|Tuesday||-0.23%||5.80%||-6.04% to 5.57%|
|Wednesday||0.72%||10.05%||-9.33% to 10.76%|
|Thursday||-0.08%||6.29%||-6.37% to 6.21%|
|Friday||-0.67%||6.98%||-7.65% to 6.32%|
|Saturday||0.65%||5.71%||-5.06% to 6.36%|