Komodo (KMD)

Current price: $ 0.69

24 hours price change: $ 0.01 (1.71%)

Daily analysis of Komodo (KMD) - all

The performance of Komodo regarding the price differs every day. To make the best decision to buy Komodo, we are analysis in this article the performance of Komodo on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on February 2nd, 2017 to August 7th, 2020.

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

Average daily change in price of Komodo per weekday between 02/02/2017 and 08/07/2020.

According to the performance of Komodo between February 2nd, 2017 and August 7th, 2020, Komodo performed the best on Tuesdays. On average, the price of Komodo increased 2.16% on Tuesday.

The weekday on which the Komodo performed the worst, is Monday. On Mondays, the Komodo declined in value on average by -0.46%.

Komodo weekday performance

It is hard to tell whether the Komodo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Komodo is -0.08%. However, the standard deviation on this weekday is 9.40%. This means that on most Sundays, the change in value of the Komodo is between -9.48% and 9.32%.

Allthough the Komodo decreases in value with -0.46% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Komodo on Mondays is 7.94%. This means that the expected change of the value of Komodo is between -8.40% and 7.48% on 68 out of 100 Mondays.

On an average Tuesday the Komodo shows an increase in value of 2.16%. However, the change of Komodo on most of the Tuesdays is between -30.25% and 34.57%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Komodos.

Komodo increased in value on an average Wednesday only slightly. The average increase in value of the Komodo was 0.11%. Allthough the Komodo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.04%). This means that on 68 percent of the Wednesdays, the change in price of the Komodo is expected to be in the range of -7.94% and 8.15%.

Historical performance on Thursday do not show an increase in value of the Komodo on which a prediction can be made. The Komodo increased in value on average on an average Thursday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Komodo on a Thursday is between -7.82% and 9.44% (see also the table below).

On an average Friday the Komodo shows an increase in value of 1.67%. However, the change of Komodo on most of the Fridays is between -6.56% and 9.90%. Therefore it is hard to tell whether an average Friday is a good day to start buying Komodos.

On an average Saturday, the Komodo increased 0.52%. However, since the expected deviation is 6.98%, the Komodo will decline in value on a Saturday quiet regularly. The expected price change of the Komodo on a Saturday is between -6.46% and 7.50%.

Komodo weekday performance details

Find below the details of the performance of Komodo 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 -0.08% 9.40% -9.48% to 9.32%
Monday -0.46% 7.94% -8.40% to 7.48%
Tuesday 2.16% 32.41% -30.25% to 34.57%
Wednesday 0.11% 8.04% -7.94% to 8.15%
Thursday 0.81% 8.63% -7.82% to 9.44%
Friday 1.67% 8.23% -6.56% to 9.90%
Saturday 0.52% 6.98% -6.46% to 7.50%
 

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