Lambda (LAMB)

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Daily analysis of Lambda (LAMB) - 6 months

The performance of Lambda regarding the price differs every day. To make the best decision to buy Lambda, we are analysis in this article the performance of Lambda on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on November 20th, 2023 to May 17th, 2024.

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

Average daily change in price of Lambda per weekday between 11/20/2023 and 05/17/2024.

According to the performance of Lambda between November 20th, 2023 and May 17th, 2024, Lambda performed the best on Wednesdays. On average, the price of Lambda increased 1.63% on Wednesday.

The weekday on which the Lambda performed the worst, is Friday. On Fridays, the Lambda declined in value on average by -0.73%.

Lambda weekday performance

Historical performance on Sunday do not show an increase in value of the Lambda on which a prediction can be made. The Lambda increased in value on average on an average Sunday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Lambda on a Sunday is between -2.48% and 4.11% (see also the table below).

Allthough the Lambda decreases in value with -0.44% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Lambda on Mondays is 2.53%. This means that the expected change of the value of Lambda is between -2.97% and 2.09% on 68 out of 100 Mondays.

Allthough the Lambda decreases in value with -0.34% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Lambda on Tuesdays is 3.38%. This means that the expected change of the value of Lambda is between -3.73% and 3.04% on 68 out of 100 Tuesdays.

On an average Wednesday the Lambda shows an increase in value of 1.63%. However, the change of Lambda on most of the Wednesdays is between -3.25% and 6.50%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Lambdas.

It is hard to tell whether the Lambda will increase or decrease in value on an average Thursday. The average change on a Thursday for the Lambda is -0.27%. However, the standard deviation on this weekday is 3.14%. This means that on most Thursdays, the change in value of the Lambda is between -3.41% and 2.87%.

On Fridays, the Lambda decreases in value on average with -0.73%. On most of the Fridays the Lambda decreases in value between -2.94% and 1.48%. The uncertainty (2.21%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Lambda on Fridays is large.

On an average Saturday, the Lambda increased 0.52%. However, since the expected deviation is 2.60%, the Lambda will decline in value on a Saturday quiet regularly. The expected price change of the Lambda on a Saturday is between -2.08% and 3.13%.

Lambda weekday performance details

Find below the details of the performance of Lambda 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 0.81% 3.29% -2.48% to 4.11%
Monday -0.44% 2.53% -2.97% to 2.09%
Tuesday -0.34% 3.38% -3.73% to 3.04%
Wednesday 1.63% 4.88% -3.25% to 6.50%
Thursday -0.27% 3.14% -3.41% to 2.87%
Friday -0.73% 2.21% -2.94% to 1.48%
Saturday 0.52% 2.60% -2.08% to 3.13%
 

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