The performance of ICON regarding the price differs every day. To make the best decision to buy ICON, we are analysis in this article the performance of ICON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 28th, 2021 to January 28th, 2022.
In the barchart below, the weekdays and average performance of ICON are shown side by side.
According to the performance of ICON between December 28th, 2021 and January 28th, 2022, ICON performed the best on Saturdays. On average, the price of ICON increased 1.27% on Saturday.
The weekday on which the ICON performed the worst, is Wednesday. On Wednesdays, the ICON declined in value on average by -1.05%.
ICON weekday performance
On an average Sunday, the ICON increased 0.50%. However, since the expected deviation is 1.77%, the ICON will decline in value on a Sunday quiet regularly. The expected price change of the ICON on a Sunday is between -1.27% and 2.27%.
Allthough the ICON decreases in value with -0.35% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Mondays is 0.53%. This means that the expected change of the value of ICON is between -0.87% and 0.18% on 68 out of 100 Mondays.
On an average Tuesday, the ICON increased 0.47%. However, since the expected deviation is 2.95%, the ICON will decline in value on a Tuesday quiet regularly. The expected price change of the ICON on a Tuesday is between -2.48% and 3.42%.
The ICON declines in value on an average Wednesday with -1.05%. However, the uncertainty (or standard deviation) is quite large, namely 1.56%. This means that it is not possible to say whether on a regular Wednesday the ICON will increase or decrease in value.
Allthough the ICON decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Thursdays is 1.31%. This means that the expected change of the value of ICON is between -1.72% and 0.91% on 68 out of 100 Thursdays.
Allthough the ICON decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Fridays is 1.50%. This means that the expected change of the value of ICON is between -1.81% and 1.19% on 68 out of 100 Fridays.
On an average Saturday the ICON shows a high increase in value, namely 1.27%. The standard deviation is below the average increase percentage (standard deviation is 0.15%), meaning that on 68% of the Saturdays the ICON will increase with a percentage between 1.13% and 1.42%. This also means that, on average, on 16 percent of the Saturdays, the ICON will increase with a percentage above this range. On the other 16% of the Saturdays, the ICON will change with a percentage below the 1.13%.
ICON weekday performance details
Find below the details of the performance of ICON 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||0.50%||1.77%||-1.27% to 2.27%|
|Monday||-0.35%||0.53%||-0.87% to 0.18%|
|Tuesday||0.47%||2.95%||-2.48% to 3.42%|
|Wednesday||-1.05%||1.56%||-2.61% to 0.51%|
|Thursday||-0.40%||1.31%||-1.72% to 0.91%|
|Friday||-0.31%||1.50%||-1.81% to 1.19%|
|Saturday||1.27%||0.15%||1.13% to 1.42%|