OmiseGO (OMG)

Current price: $ 4.28

24 hours price change: $ 4.28 (inf%)

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 January 28th, 2021 to February 25th, 2021.

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 01/28/2021 and 02/25/2021.

According to the performance of OmiseGO between January 28th, 2021 and February 25th, 2021, OmiseGO performed the best on Saturdays. On average, the price of OmiseGO increased 6.17% on Saturday.

The weekday on which the OmiseGO performed the worst, is Monday. On Mondays, the OmiseGO declined in value on average by -3.59%.

OmiseGO weekday performance

The OmiseGO declines in value on an average Sunday with -2.56%. However, the uncertainty (or standard deviation) is quite large, namely 2.72%. This means that it is not possible to say whether on a regular Sunday the OmiseGO will increase or decrease in value.

The decrease in value of the OmiseGO is -3.59% on an average Monday. The uncertainty of the average change is high for the OmiseGO on Mondays. This means that it is hard to tell whether the OmiseGO will decrease or increase in value on an average Monday. If we look at the 68% range of the OmiseGO, we see that on 68% of the Mondays, the expected change of the OmiseGO is between -5.27% and -1.91%.

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 -0.03%. However, the standard deviation on this weekday is 2.31%. This means that on most Tuesdays, the change in value of the OmiseGO is between -2.34% and 2.28%.

The OmiseGO declines in value on an average Wednesday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 0.87%. This means that it is not possible to say whether on a regular Wednesday the OmiseGO will increase or decrease in value.

On Thursdays, the average increase of the value of the OmiseGO is very high. The average increase is 3.45%. The standard deviation of the OmiseGO on Thursdays is 2.16%. This means that on 68% of the Thursdays, the OmiseGO increases between 1.29% and 5.61%. The uncertainty is therefore not very high, since on most Thursdays, the value of the OmiseGO will increase.

On an average Friday the OmiseGO shows an increase in value of 1.71%. However, the change of OmiseGO on most of the Fridays is between -0.26% and 3.69%. Therefore it is hard to tell whether an average Friday is a good day to start buying OmiseGOs.

The increase in value of the OmiseGO is 6.17% on an average Saturday. However, the uncertainty on the average change is high for the OmiseGO on Saturdays. This is the reason why an expected increase of the OmiseGO on an average Saturday cannot be predicted. The standard deviation for OmiseGO on Saturdays is high, namely 11.00%. This means that the expected range of value change for the OmiseGO is -4.83% and 17.16% on 68% of the 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -2.56% 2.72% -5.28% to 0.16%
Monday -3.59% 1.68% -5.27% to -1.91%
Tuesday -0.03% 2.31% -2.34% to 2.28%
Wednesday -1.12% 0.87% -1.99% to -0.25%
Thursday 3.45% 2.16% 1.29% to 5.61%
Friday 1.71% 1.98% -0.26% to 3.69%
Saturday 6.17% 11.00% -4.83% to 17.16%
 

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