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 December 28th, 2021 to June 28th, 2022.

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 12/28/2021 and 06/28/2022.

According to the performance of Avalanche between December 28th, 2021 and June 28th, 2022, Avalanche performed the best on Wednesdays. On average, the price of Avalanche increased 0.55% on Wednesday.

The weekday on which the Avalanche performed the worst, is Monday. On Mondays, the Avalanche declined in value on average by -0.30%.

Avalanche weekday performance

Avalanche increased in value on an average Sunday only slightly. The average increase in value of the Avalanche was 0.21%. 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 (1.06%). This means that on 68 percent of the Sundays, the change in price of the Avalanche is expected to be in the range of -0.86% and 1.27%.

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 -0.30%. However, the standard deviation on this weekday is 1.27%. This means that on most Mondays, the change in value of the Avalanche is between -1.57% and 0.97%.

Avalanche increased in value on an average Tuesday only slightly. The average increase in value of the Avalanche was 0.07%. 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 (1.85%). This means that on 68 percent of the Tuesdays, the change in price of the Avalanche is expected to be in the range of -1.78% and 1.91%.

On an average Wednesday, the Avalanche increased 0.55%. However, since the expected deviation is 1.80%, the Avalanche will decline in value on a Wednesday quiet regularly. The expected price change of the Avalanche on a Wednesday is between -1.25% and 2.35%.

Avalanche increased in value on an average Thursday only slightly. The average increase in value of the Avalanche was 0.10%. 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 (1.99%). This means that on 68 percent of the Thursdays, the change in price of the Avalanche is expected to be in the range of -1.88% and 2.09%.

It is hard to tell whether the Avalanche will increase or decrease in value on an average Friday. The average change on a Friday for the Avalanche is -0.30%. However, the standard deviation on this weekday is 2.09%. This means that on most Fridays, the change in value of the Avalanche is between -2.38% and 1.79%.

It is hard to tell whether the Avalanche will increase or decrease in value on an average Saturday. The average change on a Saturday for the Avalanche is -0.12%. However, the standard deviation on this weekday is 2.19%. This means that on most Saturdays, the change in value of the Avalanche is between -2.30% and 2.07%.

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 0.21% 1.06% -0.86% to 1.27%
Monday -0.30% 1.27% -1.57% to 0.97%
Tuesday 0.07% 1.85% -1.78% to 1.91%
Wednesday 0.55% 1.80% -1.25% to 2.35%
Thursday 0.10% 1.99% -1.88% to 2.09%
Friday -0.30% 2.09% -2.38% to 1.79%
Saturday -0.12% 2.19% -2.30% to 2.07%
 

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