The performance of Avalanche regarding the price differs every day. To make the best decision to buy Avalanche, we are analysis in this article the performance of Avalanche on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 22nd, 2020 to June 3rd, 2023.
In the barchart below, the weekdays and average performance of Avalanche are shown side by side.
According to the performance of Avalanche between September 22nd, 2020 and June 3rd, 2023, Avalanche performed the best on Tuesdays. On average, the price of Avalanche increased 4.35% on Tuesday.
The weekday on which the Avalanche performed the worst, is Monday. On Mondays, the Avalanche declined in value on average by -0.02%.
Avalanche weekday performance
Avalanche increased in value on an average Sunday only slightly. The average increase in value of the Avalanche was 0.16%. Allthough the Avalanche closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.40%). This means that on 68 percent of the Sundays, the change in price of the Avalanche is expected to be in the range of -4.24% and 4.57%.
It is hard to tell whether the Avalanche will increase or decrease in value on an average Monday. The average change on a Monday for the Avalanche is -0.02%. However, the standard deviation on this weekday is 5.89%. This means that on most Mondays, the change in value of the Avalanche is between -5.91% and 5.87%.
The increase in value of the Avalanche is 4.35% on an average Tuesday. However, the uncertainty on the average change is high for the Avalanche on Tuesdays. This is the reason why an expected increase of the Avalanche on an average Tuesday cannot be predicted. The standard deviation for Avalanche on Tuesdays is high, namely 44.47%. This means that the expected range of value change for the Avalanche is -40.12% and 48.81% on 68% of the Tuesdays.
Historical performance on Wednesday do not show an increase in value of the Avalanche on which a prediction can be made. The Avalanche increased in value on average on an average Wednesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Avalanche on a Wednesday is between -8.10% and 9.62% (see also the table below).
Historical performance on Thursday do not show an increase in value of the Avalanche on which a prediction can be made. The Avalanche increased in value on average on an average Thursday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Avalanche on a Thursday is between -4.64% and 5.86% (see also the table below).
On an average Friday the Avalanche shows an increase in value of 1.09%. However, the change of Avalanche on most of the Fridays is between -5.17% and 7.34%. Therefore it is hard to tell whether an average Friday is a good day to start buying Avalanches.
On an average Saturday, the Avalanche increased 0.35%. However, since the expected deviation is 5.14%, the Avalanche will decline in value on a Saturday quiet regularly. The expected price change of the Avalanche on a Saturday is between -4.79% and 5.49%.
Avalanche weekday performance details
Find below the details of the performance of Avalanche 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||0.16%||4.40%||-4.24% to 4.57%|
|Monday||-0.02%||5.89%||-5.91% to 5.87%|
|Tuesday||4.35%||44.47%||-40.12% to 48.81%|
|Wednesday||0.76%||8.86%||-8.10% to 9.62%|
|Thursday||0.61%||5.25%||-4.64% to 5.86%|
|Friday||1.09%||6.25%||-5.17% to 7.34%|
|Saturday||0.35%||5.14%||-4.79% to 5.49%|