MonaCoin (MONA)

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Daily analysis of MonaCoin (MONA) - 6 months

The performance of MonaCoin regarding the price differs every day. To make the best decision to buy MonaCoin, we are analysis in this article the performance of MonaCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on March 29th, 2022 to September 29th, 2022.

In the barchart below, the weekdays and average performance of MonaCoin are shown side by side.

Average daily change in price of MonaCoin per weekday between 03/29/2022 and 09/29/2022.

According to the performance of MonaCoin between March 29th, 2022 and September 29th, 2022, MonaCoin performed the best on Wednesdays. On average, the price of MonaCoin increased 0.48% on Wednesday.

The weekday on which the MonaCoin performed the worst, is Thursday. On Thursdays, the MonaCoin declined in value on average by -0.29%.

MonaCoin weekday performance

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the MonaCoin is -0.08%. However, the standard deviation on this weekday is 0.79%. This means that on most Sundays, the change in value of the MonaCoin is between -0.87% and 0.71%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Monday. The average change on a Monday for the MonaCoin is -0.09%. However, the standard deviation on this weekday is 0.50%. This means that on most Mondays, the change in value of the MonaCoin is between -0.59% and 0.40%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the MonaCoin is -0.06%. However, the standard deviation on this weekday is 0.68%. This means that on most Tuesdays, the change in value of the MonaCoin is between -0.74% and 0.61%.

On an average Wednesday, the MonaCoin increased 0.48%. However, since the expected deviation is 1.56%, the MonaCoin will decline in value on a Wednesday quiet regularly. The expected price change of the MonaCoin on a Wednesday is between -1.08% and 2.03%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the MonaCoin is -0.29%. However, the standard deviation on this weekday is 1.56%. This means that on most Thursdays, the change in value of the MonaCoin is between -1.85% and 1.27%.

It is hard to tell whether the MonaCoin will increase or decrease in value on an average Friday. The average change on a Friday for the MonaCoin is -0.19%. However, the standard deviation on this weekday is 0.67%. This means that on most Fridays, the change in value of the MonaCoin is between -0.85% and 0.48%.

MonaCoin increased in value on an average Saturday only slightly. The average increase in value of the MonaCoin was 0.04%. Allthough the MonaCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.19%). This means that on 68 percent of the Saturdays, the change in price of the MonaCoin is expected to be in the range of -1.15% and 1.22%.

MonaCoin weekday performance details

Find below the details of the performance of MonaCoin 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 -0.08% 0.79% -0.87% to 0.71%
Monday -0.09% 0.50% -0.59% to 0.40%
Tuesday -0.06% 0.68% -0.74% to 0.61%
Wednesday 0.48% 1.56% -1.08% to 2.03%
Thursday -0.29% 1.56% -1.85% to 1.27%
Friday -0.19% 0.67% -0.85% to 0.48%
Saturday 0.04% 1.19% -1.15% to 1.22%
 

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