Current price: $ 13.13

24 hours price change: $ 0.18 (1.39%)

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 May 13th, 2021 to June 13th, 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 05/13/2021 and 06/13/2021.

According to the performance of MCO between May 13th, 2021 and June 13th, 2021, MCO performed the best on Wednesdays. On average, the price of MCO increased 5.93% on Wednesday.

The weekday on which the MCO performed the worst, is Friday. On Fridays, the MCO declined in value on average by -1.88%.

MCO weekday performance

On an average Sunday, the MCO increased 0.45%. However, since the expected deviation is 0.71%, the MCO will decline in value on a Sunday quiet regularly. The expected price change of the MCO on a Sunday is between -0.26% and 1.16%.

On an average Monday the MCO shows an increase in value of 2.49%. However, the change of MCO on most of the Mondays is between -0.98% and 5.95%. Therefore it is hard to tell whether an average Monday is a good day to start buying MCOs.

MCO increased in value on an average Tuesday only slightly. The average increase in value of the MCO was 0.30%. 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 (0.86%). This means that on 68 percent of the Tuesdays, the change in price of the MCO is expected to be in the range of -0.56% and 1.15%.

On Wednesdays, the average increase of the value of the MCO is very high. The average increase is 5.93%. The standard deviation of the MCO on Wednesdays is 5.76%. This means that on 68% of the Wednesdays, the MCO increases between 0.16% and 11.69%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the MCO will increase.

On an average Thursday, the MCO increased 0.32%. However, since the expected deviation is 1.22%, the MCO will decline in value on a Thursday quiet regularly. The expected price change of the MCO on a Thursday is between -0.90% and 1.53%.

The MCO declines in value on an average Friday with -1.88%. However, the uncertainty (or standard deviation) is quite large, namely 3.97%. This means that it is not possible to say whether on a regular Friday the MCO will increase or decrease in value.

Allthough the MCO decreases in value with -0.59% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Saturdays is 2.30%. This means that the expected change of the value of MCO is between -2.89% and 1.71% on 68 out of 100 Saturdays.

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 0.45% 0.71% -0.26% to 1.16%
Monday 2.49% 3.46% -0.98% to 5.95%
Tuesday 0.30% 0.86% -0.56% to 1.15%
Wednesday 5.93% 5.76% 0.16% to 11.69%
Thursday 0.32% 1.22% -0.90% to 1.53%
Friday -1.88% 3.97% -5.84% to 2.09%
Saturday -0.59% 2.30% -2.89% to 1.71%

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