Elastos (ELA)

Current price: $ 1.61

24 hours price change: $ 0.01 (0.93%)

Daily analysis of Elastos (ELA) - 1 month

The performance of Elastos regarding the price differs every day. To make the best decision to buy Elastos, we are analysis in this article the performance of Elastos on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 6th, 2019 to December 5th, 2019.

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

Average daily change in price of Elastos per weekday between 11/06/2019 and 12/05/2019.

According to the performance of Elastos between November 6th, 2019 and December 5th, 2019, Elastos performed the best on Wednesdays. On average, the price of Elastos increased 0.63% on Wednesday.

The weekday on which the Elastos performed the worst, is Saturday. On Saturdays, the Elastos declined in value on average by -2.13%.

Elastos weekday performance

Allthough the Elastos decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Sundays is 0.57%. This means that the expected change of the value of Elastos is between -0.89% and 0.26% on 68 out of 100 Sundays.

The Elastos declines in value on an average Monday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 1.68%. This means that it is not possible to say whether on a regular Monday the Elastos will increase or decrease in value.

It is hard to tell whether the Elastos will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Elastos is -0.16%. However, the standard deviation on this weekday is 0.85%. This means that on most Tuesdays, the change in value of the Elastos is between -1.00% and 0.69%.

Historical performance on Wednesday do not show an increase in value of the Elastos on which a prediction can be made. The Elastos increased in value on average on an average Wednesday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Elastos on a Wednesday is between -1.94% and 3.21% (see also the table below).

Elastos increased in value on an average Thursday only slightly. The average increase in value of the Elastos was 0.18%. Allthough the Elastos closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.27%). This means that on 68 percent of the Thursdays, the change in price of the Elastos is expected to be in the range of -2.09% and 2.45%.

It is hard to tell whether the Elastos will increase or decrease in value on an average Friday. The average change on a Friday for the Elastos is -0.28%. However, the standard deviation on this weekday is 1.25%. This means that on most Fridays, the change in value of the Elastos is between -1.53% and 0.96%.

The Elastos declines in value on an average Saturday with -2.13%. However, the uncertainty (or standard deviation) is quite large, namely 3.14%. This means that it is not possible to say whether on a regular Saturday the Elastos will increase or decrease in value.

Elastos weekday performance details

Find below the details of the performance of Elastos 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 -0.32% 0.57% -0.89% to 0.26%
Monday -1.20% 1.68% -2.88% to 0.49%
Tuesday -0.16% 0.85% -1.00% to 0.69%
Wednesday 0.63% 2.57% -1.94% to 3.21%
Thursday 0.18% 2.27% -2.09% to 2.45%
Friday -0.28% 1.25% -1.53% to 0.96%
Saturday -2.13% 3.14% -5.27% to 1.01%