WAX (WAX)

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Daily analysis of WAX (WAX) - all

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 September 26th, 2023.

In the barchart below, the weekdays and average performance of WAX are shown side by side.

Average daily change in price of WAX per weekday between 01/07/2018 and 09/26/2023.

According to the performance of WAX between January 7th, 2018 and September 26th, 2023, WAX performed the best on Wednesdays. On average, the price of WAX increased 0.67% on Wednesday.

The weekday on which the WAX performed the worst, is Friday. On Fridays, the WAX declined in value on average by -0.51%.

WAX weekday performance

WAX increased in value on an average Sunday only slightly. The average increase in value of the WAX was 0.26%. Allthough the WAX closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.16%). This means that on 68 percent of the Sundays, the change in price of the WAX is expected to be in the range of -5.90% and 6.42%.

It is hard to tell whether the WAX will increase or decrease in value on an average Monday. The average change on a Monday for the WAX is -0.27%. However, the standard deviation on this weekday is 7.25%. This means that on most Mondays, the change in value of the WAX is between -7.52% and 6.98%.

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 -0.10%. However, the standard deviation on this weekday is 5.35%. This means that on most Tuesdays, the change in value of the WAX is between -5.45% and 5.25%.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the WAX on a Wednesday is between -8.50% and 9.84% (see also the table below).

WAX increased in value on an average Thursday only slightly. The average increase in value of the WAX was 0.04%. Allthough the WAX closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.79%). This means that on 68 percent of the Thursdays, the change in price of the WAX is expected to be in the range of -5.75% and 5.83%.

Allthough the WAX decreases in value with -0.51% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of WAX on Fridays is 6.40%. This means that the expected change of the value of WAX is between -6.92% and 5.89% on 68 out of 100 Fridays.

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 0.64%. However, the uncertainty of this increase is high. The expected change in value of the WAX on a Saturday is between -4.66% and 5.94% (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 0.26% 6.16% -5.90% to 6.42%
Monday -0.27% 7.25% -7.52% to 6.98%
Tuesday -0.10% 5.35% -5.45% to 5.25%
Wednesday 0.67% 9.17% -8.50% to 9.84%
Thursday 0.04% 5.79% -5.75% to 5.83%
Friday -0.51% 6.40% -6.92% to 5.89%
Saturday 0.64% 5.30% -4.66% to 5.94%
 

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