Algorand (ALGO)

Current price: $ 0.25

24 hours price change: $ 0.001000 (0.39%)

Daily analysis of Algorand (ALGO) - 1 month

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 1 month, starting on October 1st, 2020 to October 30th, 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 10/01/2020 and 10/30/2020.

According to the performance of Algorand between October 1st, 2020 and October 30th, 2020, Algorand performed the best on Fridays. On average, the price of Algorand increased 0.36% on Friday.

The weekday on which the Algorand performed the worst, is Sunday. On Sundays, the Algorand declined in value on average by -0.34%.

Algorand weekday performance

Allthough the Algorand decreases in value with -0.34% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Sundays is 2.14%. This means that the expected change of the value of Algorand is between -2.48% and 1.80% on 68 out of 100 Sundays.

Algorand increased in value on an average Monday only slightly. The average increase in value of the Algorand was 0.14%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.20%). This means that on 68 percent of the Mondays, the change in price of the Algorand is expected to be in the range of -0.07% and 0.34%.

Algorand increased in value on an average Tuesday only slightly. The average increase in value of the Algorand was 0.23%. Allthough the Algorand closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.45%). This means that on 68 percent of the Tuesdays, the change in price of the Algorand is expected to be in the range of -0.22% and 0.68%.

It is hard to tell whether the Algorand will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Algorand is -0.02%. However, the standard deviation on this weekday is 0.17%. This means that on most Wednesdays, the change in value of the Algorand is between -0.19% and 0.16%.

Allthough the Algorand decreases in value with -0.31% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Thursdays is 0.66%. This means that the expected change of the value of Algorand is between -0.97% and 0.35% on 68 out of 100 Thursdays.

On an average Friday, the Algorand increased 0.36%. However, since the expected deviation is 0.57%, the Algorand will decline in value on a Friday quiet regularly. The expected price change of the Algorand on a Friday is between -0.21% and 0.93%.

It is hard to tell whether the Algorand will increase or decrease in value on an average Saturday. The average change on a Saturday for the Algorand is -0.06%. However, the standard deviation on this weekday is 0.10%. This means that on most Saturdays, the change in value of the Algorand is between -0.17% and 0.04%.

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 -0.34% 2.14% -2.48% to 1.80%
Monday 0.14% 0.20% -0.07% to 0.34%
Tuesday 0.23% 0.45% -0.22% to 0.68%
Wednesday -0.02% 0.17% -0.19% to 0.16%
Thursday -0.31% 0.66% -0.97% to 0.35%
Friday 0.36% 0.57% -0.21% to 0.93%
Saturday -0.06% 0.10% -0.17% to 0.04%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.