Algorand (ALGO)

Current price: $ 0.31

24 hours price change: $ -0.009200 (-2.91%)

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 August 22nd, 2019 to September 21st, 2019.

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 08/22/2019 and 09/21/2019.

According to the performance of Algorand between August 22nd, 2019 and September 21st, 2019, Algorand performed the best on Mondays. On average, the price of Algorand increased 0.36% on Monday.

The weekday on which the Algorand performed the worst, is Saturday. On Saturdays, the Algorand declined in value on average by -1.48%.

Algorand weekday performance

Algorand increased in value on an average Sunday only slightly. The average increase in value of the Algorand was 0.00%. 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 (0.89%). This means that on 68 percent of the Sundays, the change in price of the Algorand is expected to be in the range of -0.89% and 0.89%.

On an average Monday, the Algorand increased 0.36%. However, since the expected deviation is 0.47%, the Algorand will decline in value on a Monday quiet regularly. The expected price change of the Algorand on a Monday is between -0.11% and 0.83%.

On Tuesdays, the Algorand decreases in value on average with -0.69%. On most of the Tuesdays the Algorand decreases in value between -1.39% and 0.01%. The uncertainty (0.70%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Algorand on Tuesdays is large.

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 -0.20%. However, the standard deviation on this weekday is 0.57%. This means that on most Wednesdays, the change in value of the Algorand is between -0.77% and 0.36%.

Algorand increased in value on an average Thursday only slightly. The average increase in value of the Algorand was 0.18%. 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 (0.50%). This means that on 68 percent of the Thursdays, the change in price of the Algorand is expected to be in the range of -0.32% and 0.68%.

Algorand increased in value on an average Friday only slightly. The average increase in value of the Algorand was 0.17%. 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 (0.27%). This means that on 68 percent of the Fridays, the change in price of the Algorand is expected to be in the range of -0.10% and 0.44%.

The Algorand declines in value on an average Saturday with -1.48%. However, the uncertainty (or standard deviation) is quite large, namely 2.81%. This means that it is not possible to say whether on a regular Saturday the Algorand will increase or decrease in value.

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 0.00% 0.89% -0.89% to 0.89%
Monday 0.36% 0.47% -0.11% to 0.83%
Tuesday -0.69% 0.70% -1.39% to 0.01%
Wednesday -0.20% 0.57% -0.77% to 0.36%
Thursday 0.18% 0.50% -0.32% to 0.68%
Friday 0.17% 0.27% -0.10% to 0.44%
Saturday -1.48% 2.81% -4.29% to 1.33%