MCO (MCO)

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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 December 28th, 2021 to June 28th, 2022.

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 12/28/2021 and 06/28/2022.

According to the performance of MCO between December 28th, 2021 and June 28th, 2022, MCO performed the best on Wednesdays. On average, the price of MCO increased 0.15% on Wednesday.

The weekday on which the MCO performed the worst, is Friday. On Fridays, the MCO declined in value on average by -0.31%.

MCO weekday performance

MCO increased in value on an average Sunday 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 (0.34%). This means that on 68 percent of the Sundays, the change in price of the MCO is expected to be in the range of -0.33% and 0.35%.

It is hard to tell whether the MCO will increase or decrease in value on an average Monday. The average change on a Monday for the MCO is -0.26%. However, the standard deviation on this weekday is 0.67%. This means that on most Mondays, the change in value of the MCO is between -0.93% and 0.41%.

It is hard to tell whether the MCO will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the MCO is -0.01%. However, the standard deviation on this weekday is 0.52%. This means that on most Tuesdays, the change in value of the MCO is between -0.53% and 0.51%.

MCO increased in value on an average Wednesday only slightly. The average increase in value of the MCO was 0.15%. 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 (0.98%). This means that on 68 percent of the Wednesdays, the change in price of the MCO is expected to be in the range of -0.83% and 1.13%.

MCO increased in value on an average Thursday only slightly. The average increase in value of the MCO was 0.13%. 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 (0.67%). This means that on 68 percent of the Thursdays, the change in price of the MCO is expected to be in the range of -0.54% and 0.80%.

Allthough the MCO decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of MCO on Fridays is 1.16%. This means that the expected change of the value of MCO is between -1.47% and 0.84% on 68 out of 100 Fridays.

MCO increased in value on an average Saturday only slightly. The average increase in value of the MCO was 0.06%. 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 (0.64%). This means that on 68 percent of the Saturdays, the change in price of the MCO is expected to be in the range of -0.59% and 0.70%.

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 0.01% 0.34% -0.33% to 0.35%
Monday -0.26% 0.67% -0.93% to 0.41%
Tuesday -0.01% 0.52% -0.53% to 0.51%
Wednesday 0.15% 0.98% -0.83% to 1.13%
Thursday 0.13% 0.67% -0.54% to 0.80%
Friday -0.31% 1.16% -1.47% to 0.84%
Saturday 0.06% 0.64% -0.59% to 0.70%
 

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: Financial indicators for cryptocurrencies