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 February 5th, 2020 to August 4th, 2020.
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 02/05/2020 and 08/04/2020.
According to the performance of MonaCoin between February 5th, 2020 and August 4th, 2020, MonaCoin performed the best on Tuesdays. On average, the price of MonaCoin increased 0.31% on Tuesday.
The weekday on which the MonaCoin performed the worst, is Friday. On Fridays, the MonaCoin declined in value on average by -0.31%.
MonaCoin weekday performance
MonaCoin increased in value on an average Sunday only slightly. The average increase in value of the MonaCoin was 0.05%. 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 (0.81%). This means that on 68 percent of the Sundays, the change in price of the MonaCoin is expected to be in the range of -0.76% and 0.85%.
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 -0.26%. However, the standard deviation on this weekday is 0.91%. This means that on most Mondays, the change in value of the MonaCoin is between -1.16% and 0.65%.
On an average Tuesday, the MonaCoin increased 0.31%. However, since the expected deviation is 1.55%, the MonaCoin will decline in value on a Tuesday quiet regularly. The expected price change of the MonaCoin on a Tuesday is between -1.23% and 1.86%.
MonaCoin increased in value on an average Wednesday only slightly. The average increase in value of the MonaCoin was 0.16%. 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 (1.10%). This means that on 68 percent of the Wednesdays, the change in price of the MonaCoin is expected to be in the range of -0.94% and 1.26%.
MonaCoin increased in value on an average Thursday only slightly. The average increase in value of the MonaCoin was 0.13%. 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 (1.13%). This means that on 68 percent of the Thursdays, the change in price of the MonaCoin is expected to be in the range of -1.00% and 1.27%.
Allthough the MonaCoin decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of MonaCoin on Fridays is 0.94%. This means that the expected change of the value of MonaCoin is between -1.25% and 0.63% on 68 out of 100 Fridays.
MonaCoin increased in value on an average Saturday only slightly. The average increase in value of the MonaCoin was 0.21%. 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 (1.10%). This means that on 68 percent of the Saturdays, the change in price of the MonaCoin is expected to be in the range of -0.89% and 1.31%.
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 | 0.05% | 0.81% | -0.76% to 0.85% |
| Monday | -0.26% | 0.91% | -1.16% to 0.65% |
| Tuesday | 0.31% | 1.55% | -1.23% to 1.86% |
| Wednesday | 0.16% | 1.10% | -0.94% to 1.26% |
| Thursday | 0.13% | 1.13% | -1.00% to 1.27% |
| Friday | -0.31% | 0.94% | -1.25% to 0.63% |
| Saturday | 0.21% | 1.10% | -0.89% to 1.31% |