MCO (MCO)

Current price: $ 2.62

24 hours price change: $ 0.01 (0.38%)

Daily analysis of MCO (MCO) - all

The performance of MCO regarding the price differs every day. To make the best decision to buy MCO, we are analysis in this article the performance of MCO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on December 18th, 2016 to December 6th, 2022.

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

Average daily change in price of MCO per weekday between 12/18/2016 and 12/06/2022.

According to the performance of MCO between December 18th, 2016 and December 6th, 2022, MCO performed the best on Fridays. On average, the price of MCO increased 0.84% on Friday.

The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -0.43%.

MCO weekday performance

Historical performance on Sunday do not show an increase in value of the MCO on which a prediction can be made. The MCO increased in value on average on an average Sunday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Sunday is between -10.87% and 12.35% (see also the table below).

Allthough the MCO decreases in value with -0.43% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Mondays is 10.37%. This means that the expected change of the value of MCO is between -10.80% and 9.94% on 68 out of 100 Mondays.

MCO increased in value on an average Tuesday only slightly. The average increase in value of the MCO was 0.20%. Allthough the MCO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (12.36%). This means that on 68 percent of the Tuesdays, the change in price of the MCO is expected to be in the range of -12.15% and 12.56%.

On an average Wednesday, the MCO increased 0.47%. However, since the expected deviation is 15.51%, the MCO will decline in value on a Wednesday quiet regularly. The expected price change of the MCO on a Wednesday is between -15.04% and 15.97%.

On an average Thursday, the MCO increased 0.52%. However, since the expected deviation is 9.39%, the MCO will decline in value on a Thursday quiet regularly. The expected price change of the MCO on a Thursday is between -8.88% and 9.91%.

Historical performance on Friday do not show an increase in value of the MCO on which a prediction can be made. The MCO increased in value on average on an average Friday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Friday is between -6.51% and 8.19% (see also the table below).

On an average Saturday, the MCO increased 0.53%. However, since the expected deviation is 6.87%, the MCO will decline in value on a Saturday quiet regularly. The expected price change of the MCO on a Saturday is between -6.34% and 7.40%.

MCO weekday performance details

Find below the details of the performance of MCO 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 0.74% 11.61% -10.87% to 12.35%
Monday -0.43% 10.37% -10.80% to 9.94%
Tuesday 0.20% 12.36% -12.15% to 12.56%
Wednesday 0.47% 15.51% -15.04% to 15.97%
Thursday 0.52% 9.39% -8.88% to 9.91%
Friday 0.84% 7.35% -6.51% to 8.19%
Saturday 0.53% 6.87% -6.34% to 7.40%
 

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: Financial indicators for cryptocurrencies