Insight Chain (INB)

Current price: $ 0.32

24 hours price change: $ 0.000501 (0.15%)

Daily analysis of Insight Chain (INB) - 1 month

The performance of Insight Chain regarding the price differs every day. To make the best decision to buy Insight Chain, we are analysis in this article the performance of Insight Chain on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on August 22nd, 2019 to September 21st, 2019.

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

Average daily change in price of Insight Chain per weekday between 08/22/2019 and 09/21/2019.

According to the performance of Insight Chain between August 22nd, 2019 and September 21st, 2019, Insight Chain performed the best on Saturdays. On average, the price of Insight Chain increased 2.31% on Saturday.

The weekday on which the Insight Chain performed the worst, is Sunday. On Sundays, the Insight Chain declined in value on average by -2.49%.

Insight Chain weekday performance

The Insight Chain declines in value on an average Sunday with -2.49%. However, the uncertainty (or standard deviation) is quite large, namely 4.27%. This means that it is not possible to say whether on a regular Sunday the Insight Chain will increase or decrease in value.

On Mondays, the Insight Chain decreases in value on average with -0.73%. On most of the Mondays the Insight Chain decreases in value between -2.15% and 0.68%. The uncertainty (1.41%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Insight Chain on Mondays is large.

It is hard to tell whether the Insight Chain will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Insight Chain is -0.27%. However, the standard deviation on this weekday is 0.54%. This means that on most Tuesdays, the change in value of the Insight Chain is between -0.81% and 0.26%.

The average increase of the Insight Chain on an average Wednesday is 0.37%. This is a small increase, however, the expected change of the Insight Chain in 95% of the Wednesdays is -0.34% and 1.08%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Insight Chain is below -0.34%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.08%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Insight Chain will be in the range of 0.02% and 0.72%.

Insight Chain increased in value on an average Thursday only slightly. The average increase in value of the Insight Chain was 0.16%. Allthough the Insight Chain closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.94%). This means that on 68 percent of the Thursdays, the change in price of the Insight Chain is expected to be in the range of -1.78% and 2.11%.

Allthough the Insight Chain decreases in value with -0.48% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Insight Chain on Fridays is 0.86%. This means that the expected change of the value of Insight Chain is between -1.34% and 0.38% on 68 out of 100 Fridays.

On an average Saturday the Insight Chain shows an increase in value of 2.31%. However, the change of Insight Chain on most of the Saturdays is between -2.62% and 7.23%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Insight Chains.

Insight Chain weekday performance details

Find below the details of the performance of Insight Chain 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 -2.49% 4.27% -6.76% to 1.77%
Monday -0.73% 1.41% -2.15% to 0.68%
Tuesday -0.27% 0.54% -0.81% to 0.26%
Wednesday 0.37% 0.35% 0.02% to 0.72%
Thursday 0.16% 1.94% -1.78% to 2.11%
Friday -0.48% 0.86% -1.34% to 0.38%
Saturday 2.31% 4.92% -2.62% to 7.23%