Kyber Network (KNC)

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Daily analysis of Kyber Network (KNC) - 1 year

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 year, starting on May 23rd, 2021 to May 23rd, 2022.

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 05/23/2021 and 05/23/2022.

According to the performance of Kyber Network between May 23rd, 2021 and May 23rd, 2022, Kyber Network performed the best on Wednesdays. On average, the price of Kyber Network increased 0.76% on Wednesday.

The weekday on which the Kyber Network performed the worst, is Monday. On Mondays, the Kyber Network declined in value on average by -1.22%.

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 -0.22%. However, the standard deviation on this weekday is 1.82%. This means that on most Sundays, the change in value of the Kyber Network is between -2.03% and 1.60%.

The Kyber Network declines in value on an average Monday with -1.22%. However, the uncertainty (or standard deviation) is quite large, namely 3.80%. This means that it is not possible to say whether on a regular Monday the Kyber Network will increase or decrease in value.

Kyber Network increased in value on an average Tuesday only slightly. The average increase in value of the Kyber Network was 0.15%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.87%). This means that on 68 percent of the Tuesdays, the change in price of the Kyber Network is expected to be in the range of -2.72% and 3.02%.

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 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Kyber Network on a Wednesday is between -3.26% and 4.77% (see also the table below).

Allthough the Kyber Network decreases in value with -0.34% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Thursdays is 2.66%. This means that the expected change of the value of Kyber Network is between -3.00% and 2.32% on 68 out of 100 Thursdays.

Allthough the Kyber Network decreases in value with -0.42% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Kyber Network on Fridays is 3.36%. This means that the expected change of the value of Kyber Network is between -3.77% and 2.94% on 68 out of 100 Fridays.

Kyber Network increased in value on an average Saturday only slightly. The average increase in value of the Kyber Network was 0.18%. Allthough the Kyber Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.01%). This means that on 68 percent of the Saturdays, the change in price of the Kyber Network is expected to be in the range of -2.83% and 3.19%.

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 -0.22% 1.82% -2.03% to 1.60%
Monday -1.22% 3.80% -5.02% to 2.57%
Tuesday 0.15% 2.87% -2.72% to 3.02%
Wednesday 0.76% 4.02% -3.26% to 4.77%
Thursday -0.34% 2.66% -3.00% to 2.32%
Friday -0.42% 3.36% -3.77% to 2.94%
Saturday 0.18% 3.01% -2.83% to 3.19%
 

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