Komodo (KMD)

Current price: $ 0.30

24 hours price change: $ 0.005074 (1.73%)

Daily analysis of Komodo (KMD) - 6 months

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 6 months, starting on January 13th, 2024 to July 13th, 2024.

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 01/13/2024 and 07/13/2024.

According to the performance of Komodo between January 13th, 2024 and July 13th, 2024, Komodo performed the best on Fridays. On average, the price of Komodo increased 0.94% on Friday.

The weekday on which the Komodo performed the worst, is Tuesday. On Tuesdays, the Komodo declined in value on average by -0.37%.

Komodo weekday performance

Komodo increased in value on an average Sunday only slightly. The average increase in value of the Komodo was 0.06%. 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 (1.60%). This means that on 68 percent of the Sundays, the change in price of the Komodo is expected to be in the range of -1.54% and 1.67%.

On an average Monday, the Komodo increased 0.37%. However, since the expected deviation is 1.53%, the Komodo will decline in value on a Monday quiet regularly. The expected price change of the Komodo on a Monday is between -1.16% and 1.90%.

Allthough the Komodo decreases in value with -0.37% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Komodo on Tuesdays is 1.89%. This means that the expected change of the value of Komodo is between -2.26% and 1.52% on 68 out of 100 Tuesdays.

Allthough the Komodo decreases in value with -0.33% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Komodo on Wednesdays is 1.44%. This means that the expected change of the value of Komodo is between -1.77% and 1.10% on 68 out of 100 Wednesdays.

It is hard to tell whether the Komodo will increase or decrease in value on an average Thursday. The average change on a Thursday for the Komodo is -0.05%. However, the standard deviation on this weekday is 2.00%. This means that on most Thursdays, the change in value of the Komodo is between -2.06% and 1.95%.

Historical performance on Friday 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 Friday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Komodo on a Friday is between -6.79% and 8.68% (see also the table below).

On an average Saturday, the Komodo increased 0.43%. However, since the expected deviation is 1.16%, the Komodo will decline in value on a Saturday quiet regularly. The expected price change of the Komodo on a Saturday is between -0.72% and 1.59%.

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 0.06% 1.60% -1.54% to 1.67%
Monday 0.37% 1.53% -1.16% to 1.90%
Tuesday -0.37% 1.89% -2.26% to 1.52%
Wednesday -0.33% 1.44% -1.77% to 1.10%
Thursday -0.05% 2.00% -2.06% to 1.95%
Friday 0.94% 7.74% -6.79% to 8.68%
Saturday 0.43% 1.16% -0.72% to 1.59%
 

About Us

: Financial indicators for cryptocurrencies