OmiseGO (OMG)

Current price: $ 1.39

24 hours price change: $ 0.04 (2.96%)

Daily analysis of OmiseGO (OMG) - 1 month

The performance of OmiseGO regarding the price differs every day. To make the best decision to buy OmiseGO, we are analysis in this article the performance of OmiseGO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 9th, 2018 to December 8th, 2018.

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

Average daily change in price of OmiseGO per weekday between 11/09/2018 and 12/08/2018.

According to the performance of OmiseGO between November 9th, 2018 and December 8th, 2018, OmiseGO performed the best on Fridays. On average, the price of OmiseGO increased 1.22% on Friday.

The weekday on which the OmiseGO performed the worst, is Thursday. On Thursdays, the OmiseGO declined in value on average by -2.14%.

OmiseGO weekday performance

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Sunday. The average change on a Sunday for the OmiseGO is -0.12%. However, the standard deviation on this weekday is 0.96%. This means that on most Sundays, the change in value of the OmiseGO is between -1.08% and 0.83%.

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Monday. The average change on a Monday for the OmiseGO is -0.04%. However, the standard deviation on this weekday is 0.37%. This means that on most Mondays, the change in value of the OmiseGO is between -0.41% and 0.33%.

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the OmiseGO is -0.08%. However, the standard deviation on this weekday is 0.62%. This means that on most Tuesdays, the change in value of the OmiseGO is between -0.70% and 0.54%.

OmiseGO increased in value on an average Wednesday only slightly. The average increase in value of the OmiseGO was 0.23%. Allthough the OmiseGO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.34%). This means that on 68 percent of the Wednesdays, the change in price of the OmiseGO is expected to be in the range of -1.11% and 1.58%.

The OmiseGO declines in value on an average Thursday with -2.14%. However, the uncertainty (or standard deviation) is quite large, namely 1.60%. This means that it is not possible to say whether on a regular Thursday the OmiseGO will increase or decrease in value.

On an average Friday the OmiseGO shows an increase in value of 1.22%. However, the change of OmiseGO on most of the Fridays is between -0.43% and 2.88%. Therefore it is hard to tell whether an average Friday is a good day to start buying OmiseGOs.

Allthough the OmiseGO decreases in value with -0.54% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of OmiseGO on Saturdays is 1.27%. This means that the expected change of the value of OmiseGO is between -1.81% and 0.72% on 68 out of 100 Saturdays.

OmiseGO weekday performance details

Find below the details of the performance of OmiseGO 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
Sunday-0.12%0.96%-1.08% to 0.83%
Monday-0.04%0.37%-0.41% to 0.33%
Tuesday-0.08%0.62%-0.70% to 0.54%
Wednesday0.23%1.34%-1.11% to 1.58%
Thursday-2.14%1.60%-3.74% to -0.54%
Friday1.22%1.66%-0.43% to 2.88%
Saturday-0.54%1.27%-1.81% to 0.72%