Cardano (ADA)

Current price: $ 0.10

24 hours price change: $ -0.000070 (-0.07%)

Daily analysis of Cardano (ADA) - 1 month

The performance of Cardano regarding the price differs every day. To make the best decision to buy Cardano, we are analysis in this article the performance of Cardano on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 24th, 2019 to June 23rd, 2019.

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

Average daily change in price of Cardano per weekday between 05/24/2019 and 06/23/2019.

According to the performance of Cardano between May 24th, 2019 and June 23rd, 2019, Cardano performed the best on Tuesdays. On average, the price of Cardano increased 0.38% on Tuesday.

The weekday on which the Cardano performed the worst, is Thursday. On Thursdays, the Cardano declined in value on average by -0.41%.

Cardano weekday performance

Cardano increased in value on an average Sunday only slightly. The average increase in value of the Cardano was 0.06%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.38%). This means that on 68 percent of the Sundays, the change in price of the Cardano is expected to be in the range of -0.32% and 0.44%.

Allthough the Cardano decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Mondays is 0.53%. This means that the expected change of the value of Cardano is between -0.91% and 0.15% on 68 out of 100 Mondays.

The average increase of the Cardano on an average Tuesday is 0.38%. This is a small increase, however, the expected change of the Cardano in 95% of the Tuesdays is -0.15% and 0.90%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Cardano is below -0.15%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.90%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Cardano will be in the range of 0.12% and 0.64%.

The Cardano will almost not change or only slightly increase in value on an average Wednesday. The average change of the Cardano on Wednesdays is 0.11%. The standard deviation of the Cardano is 0.03%, which means that in 68% of the Wednesdays, the range of the change of the Cardano is 0.08% and 0.14%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the Cardano decreases in value with -0.41% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Thursdays is 0.25%. This means that the expected change of the value of Cardano is between -0.65% and -0.16% on 68 out of 100 Thursdays.

On an average Friday, the Cardano increased 0.33%. However, since the expected deviation is 0.53%, the Cardano will decline in value on a Friday quiet regularly. The expected price change of the Cardano on a Friday is between -0.20% and 0.87%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Saturday. The average change on a Saturday for the Cardano is -0.16%. However, the standard deviation on this weekday is 0.40%. This means that on most Saturdays, the change in value of the Cardano is between -0.56% and 0.23%.

Cardano weekday performance details

Find below the details of the performance of Cardano 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.06%0.38%-0.32% to 0.44%
Monday-0.38%0.53%-0.91% to 0.15%
Tuesday0.38%0.26%0.12% to 0.64%
Wednesday0.11%0.03%0.08% to 0.14%
Thursday-0.41%0.25%-0.65% to -0.16%
Friday0.33%0.53%-0.20% to 0.87%
Saturday-0.16%0.40%-0.56% to 0.23%