MCO (MCO)

Current price: $ 4.36

24 hours price change: $ 0.69 (18.84%)

Daily analysis of MCO (MCO) - 1 month

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 1 month, starting on February 7th, 2021 to March 7th, 2021.

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 02/07/2021 and 03/07/2021.

According to the performance of MCO between February 7th, 2021 and March 7th, 2021, MCO performed the best on Fridays. On average, the price of MCO increased 1.42% on Friday.

The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -4.02%.

MCO weekday performance

MCO increased in value on an average Sunday only slightly. The average increase in value of the MCO was 0.00%. 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 (2.25%). This means that on 68 percent of the Sundays, the change in price of the MCO is expected to be in the range of -2.25% and 2.25%.

The decrease in value of the MCO is -4.02% on an average Monday. The uncertainty of the average change is high for the MCO on Mondays. This means that it is hard to tell whether the MCO will decrease or increase in value on an average Monday. If we look at the 68% range of the MCO, we see that on 68% of the Mondays, the expected change of the MCO is between -9.98% and 1.93%.

The MCO declines in value on an average Tuesday with -1.34%. However, the uncertainty (or standard deviation) is quite large, namely 0.93%. This means that it is not possible to say whether on a regular Tuesday the MCO will increase or decrease in value.

It is hard to tell whether the MCO will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the MCO is -0.01%. However, the standard deviation on this weekday is 3.37%. This means that on most Wednesdays, the change in value of the MCO is between -3.39% and 3.36%.

Allthough the MCO decreases in value with -0.53% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Thursdays is 5.26%. This means that the expected change of the value of MCO is between -5.79% and 4.74% on 68 out of 100 Thursdays.

On an average Friday the MCO shows an increase in value of 1.42%. However, the change of MCO on most of the Fridays is between -0.91% and 3.75%. Therefore it is hard to tell whether an average Friday is a good day to start buying MCOs.

MCO increased in value on an average Saturday only slightly. The average increase in value of the MCO was 0.23%. 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 (5.32%). This means that on 68 percent of the Saturdays, the change in price of the MCO is expected to be in the range of -5.09% and 5.55%.

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 0.00% 2.25% -2.25% to 2.25%
Monday -4.02% 5.95% -9.98% to 1.93%
Tuesday -1.34% 0.93% -2.27% to -0.41%
Wednesday -0.01% 3.37% -3.39% to 3.36%
Thursday -0.53% 5.26% -5.79% to 4.74%
Friday 1.42% 2.33% -0.91% to 3.75%
Saturday 0.23% 5.32% -5.09% to 5.55%
 

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