Ardor (ARDR)

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Daily analysis of Ardor (ARDR) - 6 months

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 6 months, starting on December 28th, 2021 to June 28th, 2022.

In the barchart below, the weekdays and average performance of Ardor are shown side by side.

Average daily change in price of Ardor per weekday between 12/28/2021 and 06/28/2022.

According to the performance of Ardor between December 28th, 2021 and June 28th, 2022, Ardor performed the best on Mondays. On average, the price of Ardor increased 1.22% on Monday.

The weekday on which the Ardor performed the worst, is Saturday. On Saturdays, the Ardor declined in value on average by -0.65%.

Ardor weekday performance

It is hard to tell whether the Ardor will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ardor is -0.08%. However, the standard deviation on this weekday is 1.65%. This means that on most Sundays, the change in value of the Ardor is between -1.73% and 1.57%.

On an average Monday the Ardor shows an increase in value of 1.22%. However, the change of Ardor on most of the Mondays is between -2.03% and 4.47%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ardors.

Ardor increased in value on an average Tuesday only slightly. The average increase in value of the Ardor was 0.13%. Allthough the Ardor 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 Tuesdays, the change in price of the Ardor is expected to be in the range of -2.47% and 2.73%.

It is hard to tell whether the Ardor will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ardor is -0.19%. However, the standard deviation on this weekday is 1.29%. This means that on most Wednesdays, the change in value of the Ardor is between -1.48% and 1.10%.

Ardor increased in value on an average Thursday only slightly. The average increase in value of the Ardor was 0.21%. Allthough the Ardor closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.56%). This means that on 68 percent of the Thursdays, the change in price of the Ardor is expected to be in the range of -1.35% and 1.78%.

Allthough the Ardor decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ardor on Fridays is 2.47%. This means that the expected change of the value of Ardor is between -2.82% and 2.12% on 68 out of 100 Fridays.

On Saturdays, the Ardor decreases in value on average with -0.65%. On most of the Saturdays the Ardor decreases in value between -3.15% and 1.85%. The uncertainty (2.50%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Ardor on Saturdays is large.

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 -0.08% 1.65% -1.73% to 1.57%
Monday 1.22% 3.25% -2.03% to 4.47%
Tuesday 0.13% 2.60% -2.47% to 2.73%
Wednesday -0.19% 1.29% -1.48% to 1.10%
Thursday 0.21% 1.56% -1.35% to 1.78%
Friday -0.35% 2.47% -2.82% to 2.12%
Saturday -0.65% 2.50% -3.15% to 1.85%
 

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