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 1 month, starting on April 23rd, 2022 to May 23rd, 2022.
In the barchart below, the weekdays and average performance of Avalanche are shown side by side.
According to the performance of Avalanche between April 23rd, 2022 and May 23rd, 2022, Avalanche performed the best on Tuesdays. On average, the price of Avalanche increased 0.85% on Tuesday.
The weekday on which the Avalanche performed the worst, is Saturday. On Saturdays, the Avalanche declined in value on average by -1.89%.
Avalanche weekday performance
The Avalanche will almost not change or only slightly increase in value on an average Sunday. The average change of the Avalanche on Sundays is 0.17%. The standard deviation of the Avalanche is 0.14%, which means that in 68% of the Sundays, the range of the change of the Avalanche is 0.03% and 0.32%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
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 -0.05%. However, the standard deviation on this weekday is 0.39%. This means that on most Mondays, the change in value of the Avalanche is between -0.44% and 0.34%.
Historical performance on Tuesday 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 Tuesday with 0.85%. However, the uncertainty of this increase is high. The expected change in value of the Avalanche on a Tuesday is between -0.41% and 2.12% (see also the table below).
Avalanche increased in value on an average Wednesday only slightly. The average increase in value of the Avalanche was 0.03%. 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 (0.18%). This means that on 68 percent of the Wednesdays, the change in price of the Avalanche is expected to be in the range of -0.15% and 0.21%.
Allthough the Avalanche decreases in value with -0.41% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Avalanche on Thursdays is 1.91%. This means that the expected change of the value of Avalanche is between -2.32% and 1.50% on 68 out of 100 Thursdays.
The Avalanche declines in value on an average Friday with -1.50%. However, the uncertainty (or standard deviation) is quite large, namely 2.49%. This means that it is not possible to say whether on a regular Friday the Avalanche will increase or decrease in value.
The Avalanche declines in value on an average Saturday with -1.89%. However, the uncertainty (or standard deviation) is quite large, namely 4.07%. This means that it is not possible to say whether on a regular Saturday the Avalanche will increase or decrease in value.
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||0.17%||0.14%||0.03% to 0.32%|
|Monday||-0.05%||0.39%||-0.44% to 0.34%|
|Tuesday||0.85%||1.26%||-0.41% to 2.12%|
|Wednesday||0.03%||0.18%||-0.15% to 0.21%|
|Thursday||-0.41%||1.91%||-2.32% to 1.50%|
|Friday||-1.50%||2.49%||-3.99% to 1.00%|
|Saturday||-1.89%||4.07%||-5.96% to 2.17%|