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 January 21st, 2022.
In the barchart below, the weekdays and average performance of MCO are shown side by side.
According to the performance of MCO between December 18th, 2016 and January 21st, 2022, MCO performed the best on Fridays. On average, the price of MCO increased 1.02% on Friday.
The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -0.48%.
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 0.86%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Sunday is between -11.71% and 13.43% (see also the table below).
Allthough the MCO decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Mondays is 11.22%. This means that the expected change of the value of MCO is between -11.71% and 10.74% 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 0.24%. 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 (13.38%). This means that on 68 percent of the Tuesdays, the change in price of the MCO is expected to be in the range of -13.15% and 13.62%.
On an average Wednesday, the MCO increased 0.52%. However, since the expected deviation is 16.77%, the MCO will decline in value on a Wednesday quiet regularly. The expected price change of the MCO on a Wednesday is between -16.24% and 17.29%.
On an average Thursday, the MCO increased 0.40%. However, since the expected deviation is 9.72%, the MCO will decline in value on a Thursday quiet regularly. The expected price change of the MCO on a Thursday is between -9.32% and 10.12%.
On an average Friday the MCO shows an increase in value of 1.02%. However, the change of MCO on most of the Fridays is between -6.89% and 8.94%. Therefore it is hard to tell whether an average Friday is a good day to start buying MCOs.
Historical performance on Saturday 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 Saturday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Saturday is between -6.81% and 8.06% (see also the table below).
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||0.86%||12.57%||-11.71% to 13.43%|
|Monday||-0.48%||11.22%||-11.71% to 10.74%|
|Tuesday||0.24%||13.38%||-13.15% to 13.62%|
|Wednesday||0.52%||16.77%||-16.24% to 17.29%|
|Thursday||0.40%||9.72%||-9.32% to 10.12%|
|Friday||1.02%||7.92%||-6.89% to 8.94%|
|Saturday||0.62%||7.44%||-6.81% to 8.06%|