OmiseGO (OMG)

Current price: $ 3.35

24 hours price change: $ 0.18 (5.67%)

Daily analysis of OmiseGO (OMG) - 6 months

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 6 months, starting on April 21st, 2020 to October 20th, 2020.

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 04/21/2020 and 10/20/2020.

According to the performance of OmiseGO between April 21st, 2020 and October 20th, 2020, OmiseGO performed the best on Fridays. On average, the price of OmiseGO increased 0.27% on Friday.

The weekday on which the OmiseGO performed the worst, is Wednesday. On Wednesdays, the OmiseGO declined in value on average by -0.76%.

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 -0.04%. However, the standard deviation on this weekday is 0.27%. This means that on most Sundays, the change in value of the OmiseGO is between -0.32% and 0.23%.

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 0.00%. However, the standard deviation on this weekday is 0.04%. This means that on most Mondays, the change in value of the OmiseGO is between -0.04% and 0.04%.

Allthough the OmiseGO decreases in value with -0.49% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of OmiseGO on Tuesdays is 2.32%. This means that the expected change of the value of OmiseGO is between -2.81% and 1.83% on 68 out of 100 Tuesdays.

On Wednesdays, the OmiseGO decreases in value on average with -0.76%. On most of the Wednesdays the OmiseGO decreases in value between -4.45% and 2.94%. The uncertainty (3.69%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the OmiseGO on Wednesdays is large.

It is hard to tell whether the OmiseGO will increase or decrease in value on an average Thursday. The average change on a Thursday for the OmiseGO is -0.05%. However, the standard deviation on this weekday is 0.18%. This means that on most Thursdays, the change in value of the OmiseGO is between -0.22% and 0.13%.

OmiseGO increased in value on an average Friday only slightly. The average increase in value of the OmiseGO was 0.27%. 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 (1.37%). This means that on 68 percent of the Fridays, the change in price of the OmiseGO is expected to be in the range of -1.10% and 1.64%.

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 -0.01%. However, the standard deviation on this weekday is 0.15%. This means that on most Saturdays, the change in value of the OmiseGO is between -0.16% and 0.13%.

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% 0.27% -0.32% to 0.23%
Monday 0.00% 0.04% -0.04% to 0.04%
Tuesday -0.49% 2.32% -2.81% to 1.83%
Wednesday -0.76% 3.69% -4.45% to 2.94%
Thursday -0.05% 0.18% -0.22% to 0.13%
Friday 0.27% 1.37% -1.10% to 1.64%
Saturday -0.01% 0.15% -0.16% to 0.13%
 

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