WAX (WAX)

Current price: $ 0.06

24 hours price change: $ -0.000371 (-0.66%)

Daily analysis of WAX (WAX) - 1 year

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 year, starting on July 8th, 2019 to July 7th, 2020.

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 07/08/2019 and 07/07/2020.

According to the performance of WAX between July 8th, 2019 and July 7th, 2020, WAX performed the best on Saturdays. On average, the price of WAX increased 1.51% on Saturday.

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

WAX weekday performance

On an average Sunday the WAX shows an increase in value of 1.30%. However, the change of WAX on most of the Sundays is between -8.31% and 10.91%. Therefore it is hard to tell whether an average Sunday is a good day to start buying WAXs.

Allthough the WAX decreases in value with -0.54% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of WAX on Mondays is 5.43%. This means that the expected change of the value of WAX is between -5.97% and 4.89% on 68 out of 100 Mondays.

Allthough the WAX decreases in value with -0.52% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of WAX on Tuesdays is 3.57%. This means that the expected change of the value of WAX is between -4.10% and 3.05% on 68 out of 100 Tuesdays.

The WAX declines in value on an average Wednesday with -1.54%. However, the uncertainty (or standard deviation) is quite large, namely 4.73%. This means that it is not possible to say whether on a regular Wednesday the WAX will increase or decrease in value.

On Thursdays, the WAX decreases in value on average with -0.98%. On most of the Thursdays the WAX decreases in value between -9.28% and 7.33%. The uncertainty (8.31%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the WAX on Thursdays is large.

WAX increased in value on an average Friday only slightly. The average increase in value of the WAX was 0.14%. 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 (9.61%). This means that on 68 percent of the Fridays, the change in price of the WAX is expected to be in the range of -9.47% and 9.75%.

On an average Saturday the WAX shows an increase in value of 1.51%. However, the change of WAX on most of the Saturdays is between -3.93% and 6.95%. Therefore it is hard to tell whether an average Saturday is a good day to start buying WAXs.

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 1.30% 9.61% -8.31% to 10.91%
Monday -0.54% 5.43% -5.97% to 4.89%
Tuesday -0.52% 3.57% -4.10% to 3.05%
Wednesday -1.54% 4.73% -6.27% to 3.19%
Thursday -0.98% 8.31% -9.28% to 7.33%
Friday 0.14% 9.61% -9.47% to 9.75%
Saturday 1.51% 5.44% -3.93% to 6.95%
 

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