Kyber Network (KNC)

Current price: $ 0.25

24 hours price change: $ -0.002495 (-1.00%)

Daily analysis of Kyber Network (KNC) - 1 month

The performance of Kyber Network regarding the price differs every day. To make the best decision to buy Kyber Network, we are analysis in this article the performance of Kyber Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 23rd, 2019 to January 23rd, 2020.

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

Average daily change in price of Kyber Network per weekday between 12/23/2019 and 01/23/2020.

According to the performance of Kyber Network between December 23rd, 2019 and January 23rd, 2020, Kyber Network performed the best on Fridays. On average, the price of Kyber Network increased 1.09% on Friday.

The weekday on which the Kyber Network performed the worst, is Monday. On Mondays, the Kyber Network declined in value on average by -0.88%.

Kyber Network weekday performance

It is hard to tell whether the Kyber Network will increase or decrease in value on an average Sunday. The average change on a Sunday for the Kyber Network is -0.12%. However, the standard deviation on this weekday is 0.58%. This means that on most Sundays, the change in value of the Kyber Network is between -0.70% and 0.46%.

On Mondays, the Kyber Network decreases in value on average with -0.88%. On most of the Mondays the Kyber Network decreases in value between -3.38% and 1.63%. The uncertainty (2.50%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the Kyber Network on Mondays is large.

On an average Tuesday, the Kyber Network increased 0.45%. However, since the expected deviation is 0.83%, the Kyber Network will decline in value on a Tuesday quiet regularly. The expected price change of the Kyber Network on a Tuesday is between -0.38% and 1.28%.

Historical performance on Wednesday do not show an increase in value of the Kyber Network on which a prediction can be made. The Kyber Network increased in value on average on an average Wednesday with 0.98%. However, the uncertainty of this increase is high. The expected change in value of the Kyber Network on a Wednesday is between -1.19% and 3.15% (see also the table below).

It is hard to tell whether the Kyber Network will increase or decrease in value on an average Thursday. The average change on a Thursday for the Kyber Network is -0.23%. However, the standard deviation on this weekday is 0.23%. This means that on most Thursdays, the change in value of the Kyber Network is between -0.46% and 0.00%.

On an average Friday the Kyber Network shows an increase in value of 1.09%. However, the change of Kyber Network on most of the Fridays is between -0.19% and 2.37%. Therefore it is hard to tell whether an average Friday is a good day to start buying Kyber Networks.

The expected range of change of the Kyber Network for an average Saturday is between 0.24% and 1.14%. This is the result of an average increase in value of 0.69% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Kyber Network weekday performance details

Find below the details of the performance of Kyber Network 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 -0.12% 0.58% -0.70% to 0.46%
Monday -0.88% 2.50% -3.38% to 1.63%
Tuesday 0.45% 0.83% -0.38% to 1.28%
Wednesday 0.98% 2.17% -1.19% to 3.15%
Thursday -0.23% 0.23% -0.46% to 0.00%
Friday 1.09% 1.28% -0.19% to 2.37%
Saturday 0.69% 0.45% 0.24% to 1.14%
 

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