Maker (MKR)

Current price: $ 3,332.12

24 hours price change: $ -198.32 (-5.62%)

Daily analysis of Maker (MKR) - 6 months

The performance of Maker regarding the price differs every day. To make the best decision to buy Maker, we are analysis in this article the performance of Maker on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on October 20th, 2020 to April 20th, 2021.

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

Average daily change in price of Maker per weekday between 10/20/2020 and 04/20/2021.

According to the performance of Maker between October 20th, 2020 and April 20th, 2021, Maker performed the best on Thursdays. On average, the price of Maker increased 1.35% on Thursday.

The weekday on which the Maker performed the worst, is Wednesday. On Wednesdays, the Maker declined in value on average by -0.56%.

Maker weekday performance

Allthough the Maker decreases in value with -0.43% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Maker on Sundays is 2.11%. This means that the expected change of the value of Maker is between -2.54% and 1.67% on 68 out of 100 Sundays.

Maker increased in value on an average Monday only slightly. The average increase in value of the Maker was 0.15%. Allthough the Maker closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.31%). This means that on 68 percent of the Mondays, the change in price of the Maker is expected to be in the range of -2.17% and 2.46%.

Allthough the Maker decreases in value with -0.45% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Maker on Tuesdays is 2.56%. This means that the expected change of the value of Maker is between -3.01% and 2.11% on 68 out of 100 Tuesdays.

Allthough the Maker decreases in value with -0.56% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Maker on Wednesdays is 4.30%. This means that the expected change of the value of Maker is between -4.86% and 3.74% on 68 out of 100 Wednesdays.

On an average Thursday the Maker shows an increase in value of 1.35%. However, the change of Maker on most of the Thursdays is between -3.11% and 5.82%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Makers.

On an average Friday, the Maker increased 0.53%. However, since the expected deviation is 3.17%, the Maker will decline in value on a Friday quiet regularly. The expected price change of the Maker on a Friday is between -2.65% and 3.70%.

On an average Saturday, the Maker increased 0.44%. However, since the expected deviation is 2.80%, the Maker will decline in value on a Saturday quiet regularly. The expected price change of the Maker on a Saturday is between -2.37% and 3.24%.

Maker weekday performance details

Find below the details of the performance of Maker 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 -0.43% 2.11% -2.54% to 1.67%
Monday 0.15% 2.31% -2.17% to 2.46%
Tuesday -0.45% 2.56% -3.01% to 2.11%
Wednesday -0.56% 4.30% -4.86% to 3.74%
Thursday 1.35% 4.47% -3.11% to 5.82%
Friday 0.53% 3.17% -2.65% to 3.70%
Saturday 0.44% 2.80% -2.37% to 3.24%
 

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