Monero (XMR)

Current price: $ 51.53

24 hours price change: $ -0.33 (-0.64%)

Daily analysis of Monero (XMR) - 1 year

The performance of Monero regarding the price differs every day. To make the best decision to buy Monero, we are analysis in this article the performance of Monero on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on February 20th, 2018 to February 19th, 2019.

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

Average daily change in price of Monero per weekday between 02/20/2018 and 02/19/2019.

According to the performance of Monero between February 20th, 2018 and February 19th, 2019, Monero performed the best on Sundays. On average, the price of Monero increased 0.69% on Sunday.

The weekday on which the Monero performed the worst, is Thursday. On Thursdays, the Monero declined in value on average by -1.01%.

Monero weekday performance

Historical performance on Sunday do not show an increase in value of the Monero on which a prediction can be made. The Monero increased in value on average on an average Sunday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Monero on a Sunday is between -2.37% and 3.76% (see also the table below).

It is hard to tell whether the Monero will increase or decrease in value on an average Monday. The average change on a Monday for the Monero is -0.12%. However, the standard deviation on this weekday is 3.55%. This means that on most Mondays, the change in value of the Monero is between -3.67% and 3.43%.

Allthough the Monero decreases in value with -0.48% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Tuesdays is 3.96%. This means that the expected change of the value of Monero is between -4.44% and 3.48% on 68 out of 100 Tuesdays.

Allthough the Monero decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Monero on Wednesdays is 5.16%. This means that the expected change of the value of Monero is between -5.70% and 4.62% on 68 out of 100 Wednesdays.

The Monero declines in value on an average Thursday with -1.01%. However, the uncertainty (or standard deviation) is quite large, namely 4.01%. This means that it is not possible to say whether on a regular Thursday the Monero will increase or decrease in value.

Monero increased in value on an average Friday only slightly. The average increase in value of the Monero was 0.11%. Allthough the Monero closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.96%). This means that on 68 percent of the Fridays, the change in price of the Monero is expected to be in the range of -3.85% and 4.07%.

It is hard to tell whether the Monero will increase or decrease in value on an average Saturday. The average change on a Saturday for the Monero is -0.01%. However, the standard deviation on this weekday is 2.90%. This means that on most Saturdays, the change in value of the Monero is between -2.91% and 2.89%.

Monero weekday performance details

Find below the details of the performance of Monero 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.69%3.06%-2.37% to 3.76%
Monday-0.12%3.55%-3.67% to 3.43%
Tuesday-0.48%3.96%-4.44% to 3.48%
Wednesday-0.54%5.16%-5.70% to 4.62%
Thursday-1.01%4.01%-5.02% to 3.00%
Friday0.11%3.96%-3.85% to 4.07%
Saturday-0.01%2.90%-2.91% to 2.89%