Grin (GRIN)

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Daily analysis of Grin (GRIN) - 1 month

The performance of Grin regarding the price differs every day. To make the best decision to buy Grin, we are analysis in this article the performance of Grin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 22nd, 2024 to May 17th, 2024.

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

Average daily change in price of Grin per weekday between 04/22/2024 and 05/17/2024.

According to the performance of Grin between April 22nd, 2024 and May 17th, 2024, Grin performed the best on Sundays. On average, the price of Grin increased 1.00% on Sunday.

The weekday on which the Grin performed the worst, is Saturday. On Saturdays, the Grin declined in value on average by -0.84%.

Grin weekday performance

Historical performance on Sunday do not show an increase in value of the Grin on which a prediction can be made. The Grin increased in value on average on an average Sunday with 1.00%. However, the uncertainty of this increase is high. The expected change in value of the Grin on a Sunday is between -0.36% and 2.35% (see also the table below).

On Mondays, the Grin decreases in value on average with -0.81%. On most of the Mondays the Grin decreases in value between -2.26% and 0.64%. The uncertainty (1.45%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Grin on Mondays is large.

It is hard to tell whether the Grin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Grin is -0.07%. However, the standard deviation on this weekday is 0.09%. This means that on most Tuesdays, the change in value of the Grin is between -0.16% and 0.03%.

The Grin will almost not change or only slightly increase in value on an average Wednesday. The average change of the Grin on Wednesdays is 0.12%. The standard deviation of the Grin is 0.07%, which means that in 68% of the Wednesdays, the range of the change of the Grin is 0.05% and 0.18%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Grin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Grin is -0.01%. However, the standard deviation on this weekday is 0.08%. This means that on most Thursdays, the change in value of the Grin is between -0.09% and 0.07%.

It is hard to tell whether the Grin will increase or decrease in value on an average Friday. The average change on a Friday for the Grin is -0.03%. However, the standard deviation on this weekday is 0.09%. This means that on most Fridays, the change in value of the Grin is between -0.12% and 0.05%.

On Saturdays, the Grin decreases in value on average with -0.84%. On most of the Saturdays the Grin decreases in value between -2.00% and 0.32%. The uncertainty (1.16%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Grin on Saturdays is large.

Grin weekday performance details

Find below the details of the performance of Grin 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 1.00% 1.36% -0.36% to 2.35%
Monday -0.81% 1.45% -2.26% to 0.64%
Tuesday -0.07% 0.09% -0.16% to 0.03%
Wednesday 0.12% 0.07% 0.05% to 0.18%
Thursday -0.01% 0.08% -0.09% to 0.07%
Friday -0.03% 0.09% -0.12% to 0.05%
Saturday -0.84% 1.16% -2.00% to 0.32%
 

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