Matic Network (MATIC)

Current price: $ 0.01

24 hours price change: $ -0.000523 (-3.78%)

Daily analysis of Matic Network (MATIC) - 1 year

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 year, starting on April 29th, 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 04/29/2019 and 10/22/2019.

According to the performance of Matic Network between April 29th, 2019 and October 22nd, 2019, Matic Network performed the best on Sundays. On average, the price of Matic Network increased 5.29% on Sunday.

The weekday on which the Matic Network performed the worst, is Wednesday. On Wednesdays, the Matic Network declined in value on average by -0.50%.

Matic Network weekday performance

The increase in value of the Matic Network is 5.29% on an average Sunday. However, the uncertainty on the average change is high for the Matic Network on Sundays. This is the reason why an expected increase of the Matic Network on an average Sunday cannot be predicted. The standard deviation for Matic Network on Sundays is high, namely 15.47%. This means that the expected range of value change for the Matic Network is -10.18% and 20.76% on 68% of the Sundays.

Matic Network increased in value on an average Monday only slightly. The average increase in value of the Matic Network was 0.27%. Allthough the Matic Network closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (10.19%). This means that on 68 percent of the Mondays, the change in price of the Matic Network is expected to be in the range of -9.92% and 10.47%.

It is hard to tell whether the Matic Network will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Matic Network is -0.16%. However, the standard deviation on this weekday is 8.50%. This means that on most Tuesdays, the change in value of the Matic Network is between -8.67% and 8.34%.

Allthough the Matic Network decreases in value with -0.50% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Matic Network on Wednesdays is 8.08%. This means that the expected change of the value of Matic Network is between -8.58% and 7.58% on 68 out of 100 Wednesdays.

On an average Thursday the Matic Network shows an increase in value of 1.16%. However, the change of Matic Network on most of the Thursdays is between -8.84% and 11.16%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Matic Networks.

On an average Friday the Matic Network shows an increase in value of 2.19%. However, the change of Matic Network on most of the Fridays is between -7.22% and 11.61%. Therefore it is hard to tell whether an average Friday is a good day to start buying Matic Networks.

On an average Saturday the Matic Network shows an increase in value of 1.19%. However, the change of Matic Network on most of the Saturdays is between -12.68% and 15.05%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Matic Networks.

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 5.29% 15.47% -10.18% to 20.76%
Monday 0.27% 10.19% -9.92% to 10.47%
Tuesday -0.16% 8.50% -8.67% to 8.34%
Wednesday -0.50% 8.08% -8.58% to 7.58%
Thursday 1.16% 10.00% -8.84% to 11.16%
Friday 2.19% 9.42% -7.22% to 11.61%
Saturday 1.19% 13.87% -12.68% to 15.05%