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 1 month, starting on October 27th, 2021 to November 27th, 2021.
In the barchart below, the weekdays and average performance of Komodo are shown side by side.
According to the performance of Komodo between October 27th, 2021 and November 27th, 2021, Komodo performed the best on Fridays. On average, the price of Komodo increased 2.20% on Friday.
The weekday on which the Komodo performed the worst, is Tuesday. On Tuesdays, the Komodo declined in value on average by -1.50%.
Komodo weekday performance
The expected range of change of the Komodo for an average Sunday is between 0.42% and 1.22%. This is the result of an average increase in value of 0.82% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.
It is hard to tell whether the Komodo will increase or decrease in value on an average Monday. The average change on a Monday for the Komodo is -0.10%. However, the standard deviation on this weekday is 0.89%. This means that on most Mondays, the change in value of the Komodo is between -0.99% and 0.79%.
The Komodo declines in value on an average Tuesday with -1.50%. However, the uncertainty (or standard deviation) is quite large, namely 3.39%. This means that it is not possible to say whether on a regular Tuesday the Komodo will increase or decrease in value.
On an average Wednesday, the Komodo increased 0.36%. However, since the expected deviation is 1.15%, the Komodo will decline in value on a Wednesday quiet regularly. The expected price change of the Komodo on a Wednesday is between -0.78% and 1.51%.
Komodo increased in value on an average Thursday only slightly. The average increase in value of the Komodo was 0.09%. 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 (5.44%). This means that on 68 percent of the Thursdays, the change in price of the Komodo is expected to be in the range of -5.34% and 5.53%.
On an average Friday the Komodo shows an increase in value of 2.20%. However, the change of Komodo on most of the Fridays is between -0.26% and 4.65%. Therefore it is hard to tell whether an average Friday is a good day to start buying Komodos.
On an average Saturday the Komodo shows a high increase in value, namely 1.44%. The standard deviation is below the average increase percentage (standard deviation is 1.02%), meaning that on 68% of the Saturdays the Komodo will increase with a percentage between 0.43% and 2.46%. This also means that, on average, on 16 percent of the Saturdays, the Komodo will increase with a percentage above this range. On the other 16% of the Saturdays, the Komodo will change with a percentage below the 0.43%.
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||0.82%||0.40%||0.42% to 1.22%|
|Monday||-0.10%||0.89%||-0.99% to 0.79%|
|Tuesday||-1.50%||3.39%||-4.90% to 1.89%|
|Wednesday||0.36%||1.15%||-0.78% to 1.51%|
|Thursday||0.09%||5.44%||-5.34% to 5.53%|
|Friday||2.20%||2.46%||-0.26% to 4.65%|
|Saturday||1.44%||1.02%||0.43% to 2.46%|