Algorand (ALGO)

Current price: $ 1.88

24 hours price change: $ 0.09 (5.27%)

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 September 22nd, 2021 to October 22nd, 2021.

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 09/22/2021 and 10/22/2021.

According to the performance of Algorand between September 22nd, 2021 and October 22nd, 2021, Algorand performed the best on Wednesdays. On average, the price of Algorand increased 3.41% on Wednesday.

The weekday on which the Algorand performed the worst, is Monday. On Mondays, the Algorand declined in value on average by -0.18%.

Algorand weekday performance

It is hard to tell whether the Algorand will increase or decrease in value on an average Sunday. The average change on a Sunday for the Algorand is -0.10%. However, the standard deviation on this weekday is 0.08%. This means that on most Sundays, the change in value of the Algorand is between -0.17% and -0.02%.

It is hard to tell whether the Algorand will increase or decrease in value on an average Monday. The average change on a Monday for the Algorand is -0.18%. However, the standard deviation on this weekday is 0.24%. This means that on most Mondays, the change in value of the Algorand is between -0.42% and 0.06%.

Algorand increased in value on an average Tuesday only slightly. The average increase in value of the Algorand was 0.01%. 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 (0.13%). This means that on 68 percent of the Tuesdays, the change in price of the Algorand is expected to be in the range of -0.12% and 0.14%.

The increase in value of the Algorand is 3.41% on an average Wednesday. However, the uncertainty on the average change is high for the Algorand on Wednesdays. This is the reason why an expected increase of the Algorand on an average Wednesday cannot be predicted. The standard deviation for Algorand on Wednesdays is high, namely 6.97%. This means that the expected range of value change for the Algorand is -3.56% and 10.38% on 68% of the Wednesdays.

Algorand increased in value on an average Thursday only slightly. The average increase in value of the Algorand was 0.08%. 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 (0.14%). This means that on 68 percent of the Thursdays, the change in price of the Algorand is expected to be in the range of -0.06% and 0.23%.

It is hard to tell whether the Algorand will increase or decrease in value on an average Friday. The average change on a Friday for the Algorand is -0.01%. However, the standard deviation on this weekday is 0.14%. This means that on most Fridays, the change in value of the Algorand is between -0.15% and 0.12%.

Algorand increased in value on an average Saturday only slightly. The average increase in value of the Algorand was 0.04%. 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 (0.18%). This means that on 68 percent of the Saturdays, the change in price of the Algorand is expected to be in the range of -0.14% and 0.21%.

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 -0.10% 0.08% -0.17% to -0.02%
Monday -0.18% 0.24% -0.42% to 0.06%
Tuesday 0.01% 0.13% -0.12% to 0.14%
Wednesday 3.41% 6.97% -3.56% to 10.38%
Thursday 0.08% 0.14% -0.06% to 0.23%
Friday -0.01% 0.14% -0.15% to 0.12%
Saturday 0.04% 0.18% -0.14% to 0.21%
 

About Us

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.