Algorand (ALGO)

Current price: $ 0.34

24 hours price change: $ -0.03 (-8.20%)

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 28th, 2022 to September 28th, 2022.

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 08/28/2022 and 09/28/2022.

According to the performance of Algorand between August 28th, 2022 and September 28th, 2022, Algorand performed the best on Fridays. On average, the price of Algorand increased 0.14% on Friday.

The weekday on which the Algorand performed the worst, is Wednesday. On Wednesdays, the Algorand declined in value on average by -0.10%.

Algorand weekday performance

Algorand increased in value on an average Sunday 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 (0.09%). This means that on 68 percent of the Sundays, the change in price of the Algorand is expected to be in the range of -0.08% and 0.09%.

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 -0.01%. However, the standard deviation on this weekday is 0.03%. This means that on most Mondays, the change in value of the Algorand is between -0.04% and 0.03%.

Algorand increased in value on an average Tuesday 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 (0.10%). This means that on 68 percent of the Tuesdays, the change in price of the Algorand is expected to be in the range of -0.06% and 0.14%.

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 -0.10%. However, the standard deviation on this weekday is 0.51%. This means that on most Wednesdays, the change in value of the Algorand is between -0.61% and 0.41%.

Algorand increased in value on an average Thursday 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 (0.07%). 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 0.08%.

The Algorand will almost not change or only slightly increase in value on an average Friday. The average change of the Algorand on Fridays is 0.14%. The standard deviation of the Algorand is 0.14%, which means that in 68% of the Fridays, the range of the change of the Algorand is 0.01% and 0.28%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Algorand increased in value on an average Saturday 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 (0.05%). This means that on 68 percent of the Saturdays, the change in price of the Algorand is expected to be in the range of -0.04% and 0.06%.

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 0.01% 0.09% -0.08% to 0.09%
Monday -0.01% 0.03% -0.04% to 0.03%
Tuesday 0.04% 0.10% -0.06% to 0.14%
Wednesday -0.10% 0.51% -0.61% to 0.41%
Thursday 0.01% 0.07% -0.06% to 0.08%
Friday 0.14% 0.14% 0.01% to 0.28%
Saturday 0.01% 0.05% -0.04% to 0.06%
 

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