WAX (WAX)

Current price: $ 0.17

24 hours price change: $ -0.02 (-12.39%)

Daily analysis of WAX (WAX) - 1 month

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 1 month, starting on April 16th, 2021 to May 16th, 2021.

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 04/16/2021 and 05/16/2021.

According to the performance of WAX between April 16th, 2021 and May 16th, 2021, WAX performed the best on Wednesdays. On average, the price of WAX increased 3.38% on Wednesday.

The weekday on which the WAX performed the worst, is Thursday. On Thursdays, the WAX declined in value on average by -1.54%.

WAX weekday performance

On an average Sunday, the WAX increased 0.43%. However, since the expected deviation is 0.79%, the WAX will decline in value on a Sunday quiet regularly. The expected price change of the WAX on a Sunday is between -0.36% and 1.22%.

On an average Monday the WAX shows an increase in value of 2.83%. However, the change of WAX on most of the Mondays is between -2.10% and 7.75%. Therefore it is hard to tell whether an average Monday is a good day to start buying WAXs.

On an average Tuesday the WAX shows an increase in value of 2.06%. However, the change of WAX on most of the Tuesdays is between -1.39% and 5.50%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying WAXs.

The increase in value of the WAX is 3.38% on an average Wednesday. However, the uncertainty on the average change is high for the WAX on Wednesdays. This is the reason why an expected increase of the WAX on an average Wednesday cannot be predicted. The standard deviation for WAX on Wednesdays is high, namely 5.90%. This means that the expected range of value change for the WAX is -2.52% and 9.28% on 68% of the Wednesdays.

The WAX declines in value on an average Thursday with -1.54%. However, the uncertainty (or standard deviation) is quite large, namely 2.32%. This means that it is not possible to say whether on a regular Thursday the WAX will increase or decrease in value.

It is hard to tell whether the WAX will increase or decrease in value on an average Friday. The average change on a Friday for the WAX is -0.02%. However, the standard deviation on this weekday is 0.14%. This means that on most Fridays, the change in value of the WAX is between -0.17% and 0.12%.

WAX increased in value on an average Saturday only slightly. The average increase in value of the WAX was 0.06%. 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 (0.12%). This means that on 68 percent of the Saturdays, the change in price of the WAX is expected to be in the range of -0.06% and 0.17%.

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 0.43% 0.79% -0.36% to 1.22%
Monday 2.83% 4.92% -2.10% to 7.75%
Tuesday 2.06% 3.44% -1.39% to 5.50%
Wednesday 3.38% 5.90% -2.52% to 9.28%
Thursday -1.54% 2.32% -3.86% to 0.78%
Friday -0.02% 0.14% -0.17% to 0.12%
Saturday 0.06% 0.12% -0.06% to 0.17%
 

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