Algorand (ALGO)

Current price: $ 0.31

24 hours price change: $ -0.008300 (-2.63%)

Daily analysis of Algorand (ALGO) - 6 months

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 6 months, starting on June 20th, 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 06/20/2019 and 09/21/2019.

According to the performance of Algorand between June 20th, 2019 and September 21st, 2019, Algorand performed the best on Thursdays. On average, the price of Algorand increased 5.64% on Thursday.

The weekday on which the Algorand performed the worst, is Monday. On Mondays, the Algorand declined in value on average by -3.98%.

Algorand weekday performance

The Algorand declines in value on an average Sunday with -2.89%. However, the uncertainty (or standard deviation) is quite large, namely 7.86%. This means that it is not possible to say whether on a regular Sunday the Algorand will increase or decrease in value.

The decrease in value of the Algorand is -3.98% on an average Monday. The uncertainty of the average change is high for the Algorand on Mondays. This means that it is hard to tell whether the Algorand will decrease or increase in value on an average Monday. If we look at the 68% range of the Algorand, we see that on 68% of the Mondays, the expected change of the Algorand is between -11.58% and 3.63%.

The Algorand declines in value on an average Tuesday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 4.38%. This means that it is not possible to say whether on a regular Tuesday the Algorand will increase or decrease in value.

The Algorand declines in value on an average Wednesday with -2.31%. However, the uncertainty (or standard deviation) is quite large, namely 5.94%. This means that it is not possible to say whether on a regular Wednesday the Algorand will increase or decrease in value.

The increase in value of the Algorand is 5.64% on an average Thursday. However, the uncertainty on the average change is high for the Algorand on Thursdays. This is the reason why an expected increase of the Algorand on an average Thursday cannot be predicted. The standard deviation for Algorand on Thursdays is high, namely 11.51%. This means that the expected range of value change for the Algorand is -5.87% and 17.15% on 68% of the Thursdays.

The Algorand declines in value on an average Friday with -2.97%. However, the uncertainty (or standard deviation) is quite large, namely 9.26%. This means that it is not possible to say whether on a regular Friday the Algorand will increase or decrease in value.

The Algorand declines in value on an average Saturday with -2.89%. However, the uncertainty (or standard deviation) is quite large, namely 4.86%. 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 -2.89% 7.86% -10.75% to 4.98%
Monday -3.98% 7.61% -11.58% to 3.63%
Tuesday -1.31% 4.38% -5.69% to 3.07%
Wednesday -2.31% 5.94% -8.25% to 3.64%
Thursday 5.64% 11.51% -5.87% to 17.15%
Friday -2.97% 9.26% -12.23% to 6.28%
Saturday -2.89% 4.86% -7.75% to 1.97%