Algorand (ALGO)

Current price: $ 0.27

24 hours price change: $ -0.004450 (-1.62%)

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 17th, 2019 to November 16th, 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 10/17/2019 and 11/16/2019.

According to the performance of Algorand between October 17th, 2019 and November 16th, 2019, Algorand performed the best on Saturdays. On average, the price of Algorand increased 0.81% on Saturday.

The weekday on which the Algorand performed the worst, is Tuesday. On Tuesdays, the Algorand declined in value on average by -0.52%.

Algorand weekday performance

On an average Sunday, the Algorand increased 0.51%. However, since the expected deviation is 1.29%, the Algorand will decline in value on a Sunday quiet regularly. The expected price change of the Algorand on a Sunday is between -0.78% and 1.80%.

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 -0.03%. However, the standard deviation on this weekday is 0.72%. This means that on most Mondays, the change in value of the Algorand is between -0.75% and 0.70%.

Allthough the Algorand decreases in value with -0.52% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Tuesdays is 0.68%. This means that the expected change of the value of Algorand is between -1.20% and 0.16% on 68 out of 100 Tuesdays.

Allthough the Algorand decreases in value with -0.44% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Wednesdays is 1.00%. This means that the expected change of the value of Algorand is between -1.43% and 0.56% on 68 out of 100 Wednesdays.

Allthough the Algorand decreases in value with -0.47% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Algorand on Thursdays is 0.72%. This means that the expected change of the value of Algorand is between -1.19% and 0.25% on 68 out of 100 Thursdays.

On an average Friday, the Algorand increased 0.42%. However, since the expected deviation is 0.55%, the Algorand will decline in value on a Friday quiet regularly. The expected price change of the Algorand on a Friday is between -0.13% and 0.97%.

The expected range of change of the Algorand for an average Saturday is between 0.13% and 1.49%. This is the result of an average increase in value of 0.81% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.51% 1.29% -0.78% to 1.80%
Monday -0.03% 0.72% -0.75% to 0.70%
Tuesday -0.52% 0.68% -1.20% to 0.16%
Wednesday -0.44% 1.00% -1.43% to 0.56%
Thursday -0.47% 0.72% -1.19% to 0.25%
Friday 0.42% 0.55% -0.13% to 0.97%
Saturday 0.81% 0.68% 0.13% to 1.49%