MCO (MCO)

Current price: $ 3.18

24 hours price change: $ -0.08 (-2.45%)

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 October 25th, 2020 to November 24th, 2020.

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 10/25/2020 and 11/24/2020.

According to the performance of MCO between October 25th, 2020 and November 24th, 2020, MCO performed the best on Wednesdays. On average, the price of MCO increased 1.55% on Wednesday.

The weekday on which the MCO performed the worst, is Sunday. On Sundays, the MCO declined in value on average by -2.06%.

MCO weekday performance

The MCO declines in value on an average Sunday with -2.06%. However, the uncertainty (or standard deviation) is quite large, namely 4.21%. This means that it is not possible to say whether on a regular Sunday the MCO will increase or decrease in value.

On an average Monday the MCO shows an increase in value of 1.16%. However, the change of MCO on most of the Mondays is between -0.83% and 3.15%. Therefore it is hard to tell whether an average Monday is a good day to start buying MCOs.

Allthough the MCO decreases in value with -0.40% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Tuesdays is 1.45%. This means that the expected change of the value of MCO is between -1.86% and 1.05% on 68 out of 100 Tuesdays.

On an average Wednesday the MCO shows an increase in value of 1.55%. However, the change of MCO on most of the Wednesdays is between -2.13% and 5.23%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying MCOs.

MCO increased in value on an average Thursday only slightly. The average increase in value of the MCO was 0.01%. 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 (0.19%). This means that on 68 percent of the Thursdays, the change in price of the MCO is expected to be in the range of -0.18% and 0.21%.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Friday is between -5.28% and 6.63% (see also the table below).

The MCO declines in value on an average Saturday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 5.66%. This means that it is not possible to say whether on a regular Saturday the MCO will increase or decrease in value.

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 -2.06% 4.21% -6.27% to 2.15%
Monday 1.16% 1.99% -0.83% to 3.15%
Tuesday -0.40% 1.45% -1.86% to 1.05%
Wednesday 1.55% 3.68% -2.13% to 5.23%
Thursday 0.01% 0.19% -0.18% to 0.21%
Friday 0.67% 5.96% -5.28% to 6.63%
Saturday -1.64% 5.66% -7.29% to 4.02%
 

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