Matic Network (MATIC)

Current price: $ 0.01

24 hours price change: $ -0.000081 (-0.55%)

Daily analysis of Matic Network (MATIC) - 1 month

The performance of Matic Network regarding the price differs every day. To make the best decision to buy Matic Network, we are analysis in this article the performance of Matic Network on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 22nd, 2019 to October 22nd, 2019.

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

Average daily change in price of Matic Network per weekday between 09/22/2019 and 10/22/2019.

According to the performance of Matic Network between September 22nd, 2019 and October 22nd, 2019, Matic Network performed the best on Tuesdays. On average, the price of Matic Network increased 1.79% on Tuesday.

The weekday on which the Matic Network performed the worst, is Friday. On Fridays, the Matic Network declined in value on average by -0.63%.

Matic Network weekday performance

On an average Sunday the Matic Network shows an increase in value of 1.24%. However, the change of Matic Network on most of the Sundays is between -2.25% and 4.72%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Matic Networks.

Historical performance on Monday do not show an increase in value of the Matic Network on which a prediction can be made. The Matic Network increased in value on average on an average Monday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Matic Network on a Monday is between -7.01% and 8.23% (see also the table below).

On an average Tuesday the Matic Network shows an increase in value of 1.79%. However, the change of Matic Network on most of the Tuesdays is between -1.72% and 5.30%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Matic Networks.

Allthough the Matic Network decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Matic Network on Wednesdays is 3.21%. This means that the expected change of the value of Matic Network is between -3.58% and 2.84% on 68 out of 100 Wednesdays.

On an average Thursday the Matic Network shows a high increase in value, namely 1.44%. The standard deviation is below the average increase percentage (standard deviation is 1.00%), meaning that on 68% of the Thursdays the Matic Network will increase with a percentage between 0.45% and 2.44%. This also means that, on average, on 16 percent of the Thursdays, the Matic Network will increase with a percentage above this range. On the other 16% of the Thursdays, the Matic Network will change with a percentage below the 0.45%.

On Fridays, the Matic Network decreases in value on average with -0.63%. On most of the Fridays the Matic Network decreases in value between -2.97% and 1.71%. The uncertainty (2.34%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Matic Network on Fridays is large.

It is hard to tell whether the Matic Network will increase or decrease in value on an average Saturday. The average change on a Saturday for the Matic Network is -0.23%. However, the standard deviation on this weekday is 2.30%. This means that on most Saturdays, the change in value of the Matic Network is between -2.52% and 2.07%.

Matic Network weekday performance details

Find below the details of the performance of Matic 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 1.24% 3.48% -2.25% to 4.72%
Monday 0.61% 7.62% -7.01% to 8.23%
Tuesday 1.79% 3.51% -1.72% to 5.30%
Wednesday -0.37% 3.21% -3.58% to 2.84%
Thursday 1.44% 1.00% 0.45% to 2.44%
Friday -0.63% 2.34% -2.97% to 1.71%
Saturday -0.23% 2.30% -2.52% to 2.07%