Avalanche (AVAX)

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Daily analysis of Avalanche (AVAX) - 6 months

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 6 months, starting on November 24th, 2023 to May 17th, 2024.

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

Average daily change in price of Avalanche per weekday between 11/24/2023 and 05/17/2024.

According to the performance of Avalanche between November 24th, 2023 and May 17th, 2024, Avalanche performed the best on Fridays. On average, the price of Avalanche increased 0.19% on Friday.

The weekday on which the Avalanche performed the worst, is Tuesday. On Tuesdays, the Avalanche declined in value on average by -1.07%.

Avalanche weekday performance

Avalanche increased in value on an average Sunday only slightly. The average increase in value of the Avalanche was 0.19%. 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 (1.67%). This means that on 68 percent of the Sundays, the change in price of the Avalanche is expected to be in the range of -1.48% and 1.86%.

Avalanche increased in value on an average Monday only slightly. The average increase in value of the Avalanche was 0.13%. 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 (1.79%). This means that on 68 percent of the Mondays, the change in price of the Avalanche is expected to be in the range of -1.66% and 1.92%.

The Avalanche declines in value on an average Tuesday with -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 2.40%. This means that it is not possible to say whether on a regular Tuesday the Avalanche will increase or decrease in value.

Allthough the Avalanche decreases in value with -0.32% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Avalanche on Wednesdays is 2.57%. This means that the expected change of the value of Avalanche is between -2.89% and 2.24% on 68 out of 100 Wednesdays.

It is hard to tell whether the Avalanche will increase or decrease in value on an average Thursday. The average change on a Thursday for the Avalanche is -0.02%. However, the standard deviation on this weekday is 1.58%. This means that on most Thursdays, the change in value of the Avalanche is between -1.59% and 1.56%.

Avalanche increased in value on an average Friday only slightly. The average increase in value of the Avalanche was 0.19%. 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 (1.33%). This means that on 68 percent of the Fridays, the change in price of the Avalanche is expected to be in the range of -1.14% and 1.53%.

Avalanche increased in value on an average Saturday only slightly. The average increase in value of the Avalanche was 0.02%. 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 (1.34%). This means that on 68 percent of the Saturdays, the change in price of the Avalanche is expected to be in the range of -1.32% and 1.37%.

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 0.19% 1.67% -1.48% to 1.86%
Monday 0.13% 1.79% -1.66% to 1.92%
Tuesday -1.07% 2.40% -3.47% to 1.33%
Wednesday -0.32% 2.57% -2.89% to 2.24%
Thursday -0.02% 1.58% -1.59% to 1.56%
Friday 0.19% 1.33% -1.14% to 1.53%
Saturday 0.02% 1.34% -1.32% to 1.37%
 

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