Enigma (ENG)

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Daily analysis of Enigma (ENG) - 1 year

The performance of Enigma regarding the price differs every day. To make the best decision to buy Enigma, we are analysis in this article the performance of Enigma on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on May 20th, 2023 to May 17th, 2024.

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

Average daily change in price of Enigma per weekday between 05/20/2023 and 05/17/2024.

According to the performance of Enigma between May 20th, 2023 and May 17th, 2024, Enigma performed the best on Thursdays. On average, the price of Enigma increased 15.13% on Thursday.

The weekday on which the Enigma performed the worst, is Wednesday. On Wednesdays, the Enigma declined in value on average by -1.70%.

Enigma weekday performance

On an average Sunday the Enigma shows an increase in value of 1.08%. However, the change of Enigma on most of the Sundays is between -8.05% and 10.22%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Enigmas.

The Enigma declines in value on an average Monday with -1.16%. However, the uncertainty (or standard deviation) is quite large, namely 10.34%. This means that it is not possible to say whether on a regular Monday the Enigma will increase or decrease in value.

Historical performance on Tuesday do not show an increase in value of the Enigma on which a prediction can be made. The Enigma increased in value on average on an average Tuesday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Enigma on a Tuesday is between -14.15% and 16.02% (see also the table below).

The Enigma declines in value on an average Wednesday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 8.64%. This means that it is not possible to say whether on a regular Wednesday the Enigma will increase or decrease in value.

The increase in value of the Enigma is 15.13% on an average Thursday. However, the uncertainty on the average change is high for the Enigma on Thursdays. This is the reason why an expected increase of the Enigma on an average Thursday cannot be predicted. The standard deviation for Enigma on Thursdays is high, namely 87.19%. This means that the expected range of value change for the Enigma is -72.07% and 102.32% on 68% of the Thursdays.

On an average Friday the Enigma shows an increase in value of 1.93%. However, the change of Enigma on most of the Fridays is between -10.41% and 14.27%. Therefore it is hard to tell whether an average Friday is a good day to start buying Enigmas.

Enigma increased in value on an average Saturday only slightly. The average increase in value of the Enigma was 0.21%. Allthough the Enigma closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (10.21%). This means that on 68 percent of the Saturdays, the change in price of the Enigma is expected to be in the range of -10.01% and 10.42%.

Enigma weekday performance details

Find below the details of the performance of Enigma 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 1.08% 9.14% -8.05% to 10.22%
Monday -1.16% 10.34% -11.50% to 9.18%
Tuesday 0.93% 15.08% -14.15% to 16.02%
Wednesday -1.70% 8.64% -10.34% to 6.95%
Thursday 15.13% 87.19% -72.07% to 102.32%
Friday 1.93% 12.34% -10.41% to 14.27%
Saturday 0.21% 10.21% -10.01% to 10.42%
 

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