Cardano (ADA)

Current price: $ 0.04

24 hours price change: $ -0.000992 (-2.47%)

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 September 20th, 2019 to October 20th, 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 09/20/2019 and 10/20/2019.

According to the performance of Cardano between September 20th, 2019 and October 20th, 2019, Cardano performed the best on Mondays. On average, the price of Cardano increased 0.56% on Monday.

The weekday on which the Cardano performed the worst, is Tuesday. On Tuesdays, the Cardano declined in value on average by -0.14%.

Cardano weekday performance

Cardano increased in value on an average Sunday only slightly. The average increase in value of the Cardano was 0.03%. 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 (0.59%). This means that on 68 percent of the Sundays, the change in price of the Cardano is expected to be in the range of -0.56% and 0.62%.

The average increase of the Cardano on an average Monday is 0.56%. This is a small increase, however, the expected change of the Cardano in 95% of the Mondays is -0.20% and 1.33%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Cardano is below -0.20%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.33%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Cardano will be in the range of 0.18% and 0.95%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Cardano is -0.14%. However, the standard deviation on this weekday is 0.29%. This means that on most Tuesdays, the change in value of the Cardano is between -0.43% and 0.15%.

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 0.30%. The standard deviation of the Cardano is 0.05%, which means that in 68% of the Wednesdays, the range of the change of the Cardano is 0.24% and 0.35%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Cardano will increase or decrease in value on an average Thursday. The average change on a Thursday for the Cardano is -0.09%. However, the standard deviation on this weekday is 0.23%. This means that on most Thursdays, the change in value of the Cardano is between -0.32% and 0.14%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Friday. The average change on a Friday for the Cardano is -0.10%. However, the standard deviation on this weekday is 0.59%. This means that on most Fridays, the change in value of the Cardano is between -0.69% and 0.49%.

Cardano increased in value on an average Saturday only slightly. The average increase in value of the Cardano was 0.18%. 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 (0.60%). This means that on 68 percent of the Saturdays, the change in price of the Cardano is expected to be in the range of -0.42% and 0.77%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.03% 0.59% -0.56% to 0.62%
Monday 0.56% 0.38% 0.18% to 0.95%
Tuesday -0.14% 0.29% -0.43% to 0.15%
Wednesday 0.30% 0.05% 0.24% to 0.35%
Thursday -0.09% 0.23% -0.32% to 0.14%
Friday -0.10% 0.59% -0.69% to 0.49%
Saturday 0.18% 0.60% -0.42% to 0.77%