The performance of Ardor regarding the price differs every day. To make the best decision to buy Ardor, we are analysis in this article the performance of Ardor on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 26th, 2022 to May 26th, 2022.
In the barchart below, the weekdays and average performance of Ardor are shown side by side.
According to the performance of Ardor between April 26th, 2022 and May 26th, 2022, Ardor performed the best on Mondays. On average, the price of Ardor increased 1.80% on Monday.
The weekday on which the Ardor performed the worst, is Saturday. On Saturdays, the Ardor declined in value on average by -2.86%.
Ardor weekday performance
Allthough the Ardor decreases in value with -0.30% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ardor on Sundays is 0.25%. This means that the expected change of the value of Ardor is between -0.55% and -0.05% on 68 out of 100 Sundays.
On an average Monday the Ardor shows an increase in value of 1.80%. However, the change of Ardor on most of the Mondays is between -0.24% and 3.85%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ardors.
On an average Tuesday, the Ardor increased 0.31%. However, since the expected deviation is 0.67%, the Ardor will decline in value on a Tuesday quiet regularly. The expected price change of the Ardor on a Tuesday is between -0.36% and 0.98%.
On an average Wednesday, the Ardor increased 0.35%. However, since the expected deviation is 0.79%, the Ardor will decline in value on a Wednesday quiet regularly. The expected price change of the Ardor on a Wednesday is between -0.43% and 1.14%.
The average increase of the Ardor on an average Thursday is 0.45%. This is a small increase, however, the expected change of the Ardor in 95% of the Thursdays is -0.45% and 1.35%. This means that only on 2.5% (or slightly over 1 Thursday per year) the expected change of the Ardor is below -0.45%. On the other hand, you would not have to expect that the change on a single Thursday will be above 1.35%. This will also only happen on 2.5% of the Thursdays. On 68% of the Thursdays, the increase of the Ardor will be in the range of 0.00% and 0.90%.
On Fridays, the Ardor decreases in value on average with -0.83%. On most of the Fridays the Ardor decreases in value between -2.26% and 0.61%. The uncertainty (1.43%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Ardor on Fridays is large.
The Ardor declines in value on an average Saturday with -2.86%. However, the uncertainty (or standard deviation) is quite large, namely 4.87%. This means that it is not possible to say whether on a regular Saturday the Ardor will increase or decrease in value.
Ardor weekday performance details
Find below the details of the performance of Ardor 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||-0.30%||0.25%||-0.55% to -0.05%|
|Monday||1.80%||2.04%||-0.24% to 3.85%|
|Tuesday||0.31%||0.67%||-0.36% to 0.98%|
|Wednesday||0.35%||0.79%||-0.43% to 1.14%|
|Thursday||0.45%||0.45%||0.00% to 0.90%|
|Friday||-0.83%||1.43%||-2.26% to 0.61%|
|Saturday||-2.86%||4.87%||-7.74% to 2.01%|