MCO (MCO)

Current price: $ 38.85

24 hours price change: $ 4.94 (14.59%)

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 October 19th, 2020 to April 19th, 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 10/19/2020 and 04/19/2021.

According to the performance of MCO between October 19th, 2020 and April 19th, 2021, MCO performed the best on Thursdays. On average, the price of MCO increased 1.42% on Thursday.

The weekday on which the MCO performed the worst, is Monday. On Mondays, the MCO declined in value on average by -2.69%.

MCO weekday performance

On Sundays, the MCO decreases in value on average with -0.76%. On most of the Sundays the MCO decreases in value between -5.63% and 4.11%. The uncertainty (4.87%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the MCO on Sundays is large.

The MCO declines in value on an average Monday with -2.69%. However, the uncertainty (or standard deviation) is quite large, namely 7.65%. This means that it is not possible to say whether on a regular Monday the MCO will increase or decrease in value.

On Tuesdays, the MCO decreases in value on average with -0.72%. On most of the Tuesdays the MCO decreases in value between -2.48% and 1.03%. The uncertainty (1.76%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the MCO on Tuesdays is large.

On an average Wednesday the MCO shows an increase in value of 1.01%. However, the change of MCO on most of the Wednesdays is between -2.11% and 4.13%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying MCOs.

On an average Thursday the MCO shows an increase in value of 1.42%. However, the change of MCO on most of the Thursdays is between -2.76% and 5.60%. Therefore it is hard to tell whether an average Thursday is a good day to start buying MCOs.

On an average Friday, the MCO increased 0.57%. However, since the expected deviation is 2.91%, the MCO will decline in value on a Friday quiet regularly. The expected price change of the MCO on a Friday is between -2.34% and 3.48%.

MCO increased in value on an average Saturday only slightly. The average increase in value of the MCO was 0.21%. 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 (4.22%). This means that on 68 percent of the Saturdays, the change in price of the MCO is expected to be in the range of -4.01% and 4.43%.

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 -0.76% 4.87% -5.63% to 4.11%
Monday -2.69% 7.65% -10.33% to 4.96%
Tuesday -0.72% 1.76% -2.48% to 1.03%
Wednesday 1.01% 3.12% -2.11% to 4.13%
Thursday 1.42% 4.18% -2.76% to 5.60%
Friday 0.57% 2.91% -2.34% to 3.48%
Saturday 0.21% 4.22% -4.01% to 4.43%
 

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