Orbs (ORBS)

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Daily analysis of Orbs (ORBS) - 1 month

The performance of Orbs regarding the price differs every day. To make the best decision to buy Orbs, we are analysis in this article the performance of Orbs on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 20th, 2024 to May 17th, 2024.

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

Average daily change in price of Orbs per weekday between 04/20/2024 and 05/17/2024.

According to the performance of Orbs between April 20th, 2024 and May 17th, 2024, Orbs performed the best on Wednesdays. On average, the price of Orbs increased 0.17% on Wednesday.

The weekday on which the Orbs performed the worst, is Tuesday. On Tuesdays, the Orbs declined in value on average by -1.64%.

Orbs weekday performance

Allthough the Orbs decreases in value with -0.36% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Orbs on Sundays is 0.63%. This means that the expected change of the value of Orbs is between -0.99% and 0.27% on 68 out of 100 Sundays.

Allthough the Orbs decreases in value with -0.36% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Orbs on Mondays is 0.66%. This means that the expected change of the value of Orbs is between -1.02% and 0.30% on 68 out of 100 Mondays.

The Orbs declines in value on an average Tuesday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 2.97%. This means that it is not possible to say whether on a regular Tuesday the Orbs will increase or decrease in value.

Orbs increased in value on an average Wednesday only slightly. The average increase in value of the Orbs was 0.17%. Allthough the Orbs closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.20%). This means that on 68 percent of the Wednesdays, the change in price of the Orbs is expected to be in the range of -0.03% and 0.36%.

It is hard to tell whether the Orbs will increase or decrease in value on an average Thursday. The average change on a Thursday for the Orbs is -0.11%. However, the standard deviation on this weekday is 0.19%. This means that on most Thursdays, the change in value of the Orbs is between -0.30% and 0.08%.

Orbs increased in value on an average Friday only slightly. The average increase in value of the Orbs was 0.16%. Allthough the Orbs closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.22%). This means that on 68 percent of the Fridays, the change in price of the Orbs is expected to be in the range of -0.05% and 0.38%.

Allthough the Orbs decreases in value with -0.44% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Orbs on Saturdays is 0.13%. This means that the expected change of the value of Orbs is between -0.57% and -0.31% on 68 out of 100 Saturdays.

Orbs weekday performance details

Find below the details of the performance of Orbs 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 -0.36% 0.63% -0.99% to 0.27%
Monday -0.36% 0.66% -1.02% to 0.30%
Tuesday -1.64% 2.97% -4.60% to 1.33%
Wednesday 0.17% 0.20% -0.03% to 0.36%
Thursday -0.11% 0.19% -0.30% to 0.08%
Friday 0.16% 0.22% -0.05% to 0.38%
Saturday -0.44% 0.13% -0.57% to -0.31%
 

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