OmiseGO (OMG)

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Daily analysis of OmiseGO (OMG) - 1 year

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 year, starting on May 20th, 2023 to May 17th, 2024.

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 05/20/2023 and 05/17/2024.

According to the performance of OmiseGO between May 20th, 2023 and May 17th, 2024, OmiseGO performed the best on Wednesdays. On average, the price of OmiseGO increased 0.39% on Wednesday.

The weekday on which the OmiseGO performed the worst, is Tuesday. On Tuesdays, the OmiseGO declined in value on average by -0.22%.

OmiseGO weekday performance

OmiseGO increased in value on an average Sunday only slightly. The average increase in value of the OmiseGO was 0.04%. 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 (1.63%). This means that on 68 percent of the Sundays, the change in price of the OmiseGO is expected to be in the range of -1.59% and 1.68%.

OmiseGO increased in value on an average Monday only slightly. The average increase in value of the OmiseGO was 0.01%. 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 (1.04%). This means that on 68 percent of the Mondays, the change in price of the OmiseGO is expected to be in the range of -1.03% and 1.04%.

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 -0.22%. However, the standard deviation on this weekday is 1.50%. This means that on most Tuesdays, the change in value of the OmiseGO is between -1.72% and 1.28%.

On an average Wednesday, the OmiseGO increased 0.39%. However, since the expected deviation is 2.17%, the OmiseGO will decline in value on a Wednesday quiet regularly. The expected price change of the OmiseGO on a Wednesday is between -1.78% and 2.55%.

OmiseGO increased in value on an average Thursday only slightly. The average increase in value of the OmiseGO was 0.16%. 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 (1.33%). This means that on 68 percent of the Thursdays, the change in price of the OmiseGO is expected to be in the range of -1.18% and 1.49%.

OmiseGO increased in value on an average Friday only slightly. The average increase in value of the OmiseGO was 0.11%. 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 Fridays, the change in price of the OmiseGO is expected to be in the range of -1.22% and 1.45%.

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Saturday. The average change on a Saturday for the OmiseGO is -0.10%. However, the standard deviation on this weekday is 0.92%. This means that on most Saturdays, the change in value of the OmiseGO is between -1.02% and 0.83%.

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 0.04% 1.63% -1.59% to 1.68%
Monday 0.01% 1.04% -1.03% to 1.04%
Tuesday -0.22% 1.50% -1.72% to 1.28%
Wednesday 0.39% 2.17% -1.78% to 2.55%
Thursday 0.16% 1.33% -1.18% to 1.49%
Friday 0.11% 1.34% -1.22% to 1.45%
Saturday -0.10% 0.92% -1.02% to 0.83%
 

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