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 November 6th, 2022 to December 6th, 2022.
In the barchart below, the weekdays and average performance of Grin are shown side by side.
According to the performance of Grin between November 6th, 2022 and December 6th, 2022, Grin performed the best on Fridays. On average, the price of Grin increased 0.36% on Friday.
The weekday on which the Grin performed the worst, is Wednesday. On Wednesdays, the Grin declined in value on average by -1.03%.
Grin weekday performance
Grin increased in value on an average Sunday only slightly. The average increase in value of the Grin was 0.10%. Allthough the Grin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.56%). This means that on 68 percent of the Sundays, the change in price of the Grin is expected to be in the range of -0.47% and 0.66%.
On Mondays, the Grin decreases in value on average with -0.74%. On most of the Mondays the Grin decreases in value between -3.12% and 1.64%. The uncertainty (2.38%) is higher than the average decline percentage (-0.74%). 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 -0.14%. However, the standard deviation on this weekday is 0.74%. This means that on most Tuesdays, the change in value of the Grin is between -0.88% and 0.60%.
The Grin declines in value on an average Wednesday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 2.16%. This means that it is not possible to say whether on a regular Wednesday the Grin will increase or decrease in value.
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 -0.22%. However, the standard deviation on this weekday is 0.22%. This means that on most Thursdays, the change in value of the Grin is between -0.44% and -0.01%.
The average increase of the Grin on an average Friday is 0.36%. This is a small increase, however, the expected change of the Grin in 95% of the Fridays is -0.10% and 0.81%. This means that only on 2.5% (or slightly over 1 Friday per year) the expected change of the Grin is below -0.10%. On the other hand, you would not have to expect that the change on a single Friday will be above 0.81%. This will also only happen on 2.5% of the Fridays. On 68% of the Fridays, the increase of the Grin will be in the range of 0.13% and 0.59%.
It is hard to tell whether the Grin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Grin is -0.06%. However, the standard deviation on this weekday is 0.48%. This means that on most Saturdays, the change in value of the Grin is between -0.55% and 0.42%.
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||0.10%||0.56%||-0.47% to 0.66%|
|Monday||-0.74%||2.38%||-3.12% to 1.64%|
|Tuesday||-0.14%||0.74%||-0.88% to 0.60%|
|Wednesday||-1.03%||2.16%||-3.19% to 1.13%|
|Thursday||-0.22%||0.22%||-0.44% to -0.01%|
|Friday||0.36%||0.23%||0.13% to 0.59%|
|Saturday||-0.06%||0.48%||-0.55% to 0.42%|