Cardano (ADA)

Current price: $ 0.03

24 hours price change: $ 0.0016 (5.32%)

Daily analysis of Cardano (ADA) - 3 months

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 3 months, starting on September 9th, 2018 to December 9th, 2018.

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 09/09/2018 and 12/09/2018.

According to the performance of Cardano between September 9th, 2018 and December 9th, 2018, Cardano performed the best on Fridays. On average, the price of Cardano increased 0.43% on Friday.

The weekday on which the Cardano performed the worst, is Sunday. On Sundays, the Cardano declined in value on average by -0.54%.

Cardano weekday performance

Allthough the Cardano decreases in value with -0.54% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Sundays is 1.65%. This means that the expected change of the value of Cardano is between -2.19% and 1.10% on 68 out of 100 Sundays.

Cardano increased in value on an average Monday 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 (1.65%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -1.59% and 1.70%.

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 -0.15%. However, the standard deviation on this weekday is 1.34%. This means that on most Tuesdays, the change in value of the Cardano is between -1.49% and 1.19%.

It is hard to tell whether the Cardano will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Cardano is -0.16%. However, the standard deviation on this weekday is 1.17%. This means that on most Wednesdays, the change in value of the Cardano is between -1.33% and 1.01%.

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 -0.27%. However, the standard deviation on this weekday is 1.66%. This means that on most Thursdays, the change in value of the Cardano is between -1.92% and 1.39%.

On an average Friday, the Cardano increased 0.43%. However, since the expected deviation is 2.01%, the Cardano will decline in value on a Friday quiet regularly. The expected price change of the Cardano on a Friday is between -1.57% and 2.44%.

Cardano increased in value on an average Saturday only slightly. The average increase in value of the Cardano was 0.29%. 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 (1.83%). This means that on 68 percent of the Saturdays, the change in price of the Cardano is expected to be in the range of -1.54% and 2.12%.

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
Sunday-0.54%1.65%-2.19% to 1.10%
Monday0.06%1.65%-1.59% to 1.70%
Tuesday-0.15%1.34%-1.49% to 1.19%
Wednesday-0.16%1.17%-1.33% to 1.01%
Thursday-0.27%1.66%-1.92% to 1.39%
Friday0.43%2.01%-1.57% to 2.44%
Saturday0.29%1.83%-1.54% to 2.12%