Algorand (ALGO)

Current price: $ 0.17

24 hours price change: $ 0.006334 (3.78%)

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 March 18th, 2024 to April 18th, 2024.

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 03/18/2024 and 04/18/2024.

According to the performance of Algorand between March 18th, 2024 and April 18th, 2024, Algorand performed the best on Sundays. On average, the price of Algorand increased 1.26% on Sunday.

The weekday on which the Algorand performed the worst, is Saturday. On Saturdays, the Algorand declined in value on average by -0.94%.

Algorand weekday performance

On an average Sunday the Algorand shows an increase in value of 1.26%. However, the change of Algorand on most of the Sundays is between -0.13% and 2.66%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Algorands.

Algorand increased in value on an average Monday only slightly. The average increase in value of the Algorand was 0.22%. 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 (2.60%). This means that on 68 percent of the Mondays, the change in price of the Algorand is expected to be in the range of -2.37% and 2.82%.

On an average Tuesday, the Algorand increased 0.33%. However, since the expected deviation is 2.30%, the Algorand will decline in value on a Tuesday quiet regularly. The expected price change of the Algorand on a Tuesday is between -1.97% and 2.63%.

Allthough the Algorand decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Wednesdays is 1.67%. This means that the expected change of the value of Algorand is between -2.04% and 1.30% on 68 out of 100 Wednesdays.

Algorand increased in value on an average Thursday 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 (0.40%). This means that on 68 percent of the Thursdays, the change in price of the Algorand is expected to be in the range of -0.22% and 0.57%.

Allthough the Algorand decreases in value with -0.59% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Fridays is 0.61%. This means that the expected change of the value of Algorand is between -1.19% and 0.02% on 68 out of 100 Fridays.

On Saturdays, the Algorand decreases in value on average with -0.94%. On most of the Saturdays the Algorand decreases in value between -2.14% and 0.27%. The uncertainty (1.21%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the Algorand on Saturdays is large.

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 1.26% 1.39% -0.13% to 2.66%
Monday 0.22% 2.60% -2.37% to 2.82%
Tuesday 0.33% 2.30% -1.97% to 2.63%
Wednesday -0.37% 1.67% -2.04% to 1.30%
Thursday 0.17% 0.40% -0.22% to 0.57%
Friday -0.59% 0.61% -1.19% to 0.02%
Saturday -0.94% 1.21% -2.14% to 0.27%
 

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