Echoin (EC)

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Daily analysis of Echoin (EC) - 6 months

The performance of Echoin regarding the price differs every day. To make the best decision to buy Echoin, we are analysis in this article the performance of Echoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on March 23rd, 2020 to April 15th, 2020.

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

Average daily change in price of Echoin per weekday between 03/23/2020 and 04/15/2020.

The weekday on which the Echoin performed the worst, is Tuesday. On Tuesdays, the Echoin declined in value on average by -5.82%.

Echoin weekday performance

The decrease in value of the Echoin is -5.72% on an average Sunday. The uncertainty of the average change is high for the Echoin on Sundays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Sunday. If we look at the 68% range of the Echoin, we see that on 68% of the Sundays, the expected change of the Echoin is between -6.96% and -4.47%.

The decrease in value of the Echoin is -4.16% on an average Monday. The uncertainty of the average change is high for the Echoin on Mondays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Monday. If we look at the 68% range of the Echoin, we see that on 68% of the Mondays, the expected change of the Echoin is between -5.18% and -3.15%.

The decrease in value of the Echoin is -5.82% on an average Tuesday. The uncertainty of the average change is high for the Echoin on Tuesdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Echoin, we see that on 68% of the Tuesdays, the expected change of the Echoin is between -7.22% and -4.42%.

The decrease in value of the Echoin is -4.89% on an average Wednesday. The uncertainty of the average change is high for the Echoin on Wednesdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Echoin, we see that on 68% of the Wednesdays, the expected change of the Echoin is between -6.11% and -3.68%.

The decrease in value of the Echoin is -4.34% on an average Thursday. The uncertainty of the average change is high for the Echoin on Thursdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Thursday. If we look at the 68% range of the Echoin, we see that on 68% of the Thursdays, the expected change of the Echoin is between -5.43% and -3.25%.

The decrease in value of the Echoin is -4.56% on an average Friday. The uncertainty of the average change is high for the Echoin on Fridays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Friday. If we look at the 68% range of the Echoin, we see that on 68% of the Fridays, the expected change of the Echoin is between -5.76% and -3.35%.

The decrease in value of the Echoin is -4.51% on an average Saturday. The uncertainty of the average change is high for the Echoin on Saturdays. This means that it is hard to tell whether the Echoin will decrease or increase in value on an average Saturday. If we look at the 68% range of the Echoin, we see that on 68% of the Saturdays, the expected change of the Echoin is between -5.75% and -3.28%.

Echoin weekday performance details

Find below the details of the performance of Echoin 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 -5.72% 1.24% -6.96% to -4.47%
Monday -4.16% 1.02% -5.18% to -3.15%
Tuesday -5.82% 1.40% -7.22% to -4.42%
Wednesday -4.89% 1.22% -6.11% to -3.68%
Thursday -4.34% 1.09% -5.43% to -3.25%
Friday -4.56% 1.20% -5.76% to -3.35%
Saturday -4.51% 1.24% -5.75% to -3.28%
 

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