MCO (MCO)

Current price: $ 3.31

24 hours price change: $ 0.04 (1.12%)

Daily analysis of MCO (MCO) - 6 months

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 6 months, starting on April 23rd, 2019 to October 22nd, 2019.

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 04/23/2019 and 10/22/2019.

According to the performance of MCO between April 23rd, 2019 and October 22nd, 2019, MCO performed the best on Sundays. On average, the price of MCO increased 0.63% on Sunday.

The weekday on which the MCO performed the worst, is Wednesday. On Wednesdays, the MCO declined in value on average by -1.19%.

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 0.63%. However, the uncertainty of this increase is high. The expected change in value of the MCO on a Sunday is between -4.90% and 6.15% (see also the table below).

On Mondays, the MCO decreases in value on average with -0.82%. On most of the Mondays the MCO decreases in value between -7.44% and 5.81%. The uncertainty (6.63%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the MCO on Mondays is large.

Allthough the MCO decreases in value with -0.55% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Tuesdays is 5.15%. This means that the expected change of the value of MCO is between -5.69% and 4.60% on 68 out of 100 Tuesdays.

The MCO declines in value on an average Wednesday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 3.67%. This means that it is not possible to say whether on a regular Wednesday the MCO will increase or decrease in value.

On an average Thursday, the MCO increased 0.50%. However, since the expected deviation is 3.07%, the MCO will decline in value on a Thursday quiet regularly. The expected price change of the MCO on a Thursday is between -2.56% and 3.57%.

On an average Friday, the MCO increased 0.51%. However, since the expected deviation is 2.19%, the MCO will decline in value on a Friday quiet regularly. The expected price change of the MCO on a Friday is between -1.68% and 2.70%.

MCO increased in value on an average Saturday only slightly. The average increase in value of the MCO was 0.05%. 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 (3.77%). This means that on 68 percent of the Saturdays, the change in price of the MCO is expected to be in the range of -3.73% and 3.82%.

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 0.63% 5.53% -4.90% to 6.15%
Monday -0.82% 6.63% -7.44% to 5.81%
Tuesday -0.55% 5.15% -5.69% to 4.60%
Wednesday -1.19% 3.67% -4.85% to 2.48%
Thursday 0.50% 3.07% -2.56% to 3.57%
Friday 0.51% 2.19% -1.68% to 2.70%
Saturday 0.05% 3.77% -3.73% to 3.82%