Algorand (ALGO)

Current price: $ 0.31

24 hours price change: $ 0.02 (7.31%)

Daily analysis of Algorand (ALGO) - all

The performance of Algorand regarding the price differs every day. To make the best decision to buy Algorand, we are analysis in this article the performance of Algorand on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on June 20th, 2019 to October 20th, 2020.

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

Average daily change in price of Algorand per weekday between 06/20/2019 and 10/20/2020.

According to the performance of Algorand between June 20th, 2019 and October 20th, 2020, Algorand performed the best on Thursdays. On average, the price of Algorand increased 1.24% on Thursday.

The weekday on which the Algorand performed the worst, is Monday. On Mondays, the Algorand declined in value on average by -0.98%.

Algorand weekday performance

On Sundays, the Algorand decreases in value on average with -0.62%. On most of the Sundays the Algorand decreases in value between -4.33% and 3.09%. The uncertainty (3.71%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Algorand on Sundays is large.

On Mondays, the Algorand decreases in value on average with -0.98%. On most of the Mondays the Algorand decreases in value between -4.67% and 2.71%. The uncertainty (3.69%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Algorand on Mondays is large.

It is hard to tell whether the Algorand will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Algorand is -0.30%. However, the standard deviation on this weekday is 2.19%. This means that on most Tuesdays, the change in value of the Algorand is between -2.48% and 1.89%.

On Wednesdays, the Algorand decreases in value on average with -0.61%. On most of the Wednesdays the Algorand decreases in value between -3.52% and 2.31%. The uncertainty (2.91%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Algorand on Wednesdays is large.

On an average Thursday the Algorand shows an increase in value of 1.24%. However, the change of Algorand on most of the Thursdays is between -4.50% and 6.98%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Algorands.

Allthough the Algorand decreases in value with -0.54% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Fridays is 4.45%. This means that the expected change of the value of Algorand is between -4.98% and 3.91% on 68 out of 100 Fridays.

Allthough the Algorand decreases in value with -0.47% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Saturdays is 2.58%. This means that the expected change of the value of Algorand is between -3.04% and 2.11% on 68 out of 100 Saturdays.

Algorand weekday performance details

Find below the details of the performance of Algorand 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 -0.62% 3.71% -4.33% to 3.09%
Monday -0.98% 3.69% -4.67% to 2.71%
Tuesday -0.30% 2.19% -2.48% to 1.89%
Wednesday -0.61% 2.91% -3.52% to 2.31%
Thursday 1.24% 5.74% -4.50% to 6.98%
Friday -0.54% 4.45% -4.98% to 3.91%
Saturday -0.47% 2.58% -3.04% to 2.11%
 

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