SOLVE (SOLVE)

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Daily analysis of SOLVE (SOLVE) - 6 months

The performance of SOLVE regarding the price differs every day. To make the best decision to buy SOLVE, we are analysis in this article the performance of SOLVE on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on November 20th, 2023 to May 17th, 2024.

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

Average daily change in price of SOLVE per weekday between 11/20/2023 and 05/17/2024.

According to the performance of SOLVE between November 20th, 2023 and May 17th, 2024, SOLVE performed the best on Sundays. On average, the price of SOLVE increased 3.75% on Sunday.

The weekday on which the SOLVE performed the worst, is Monday. On Mondays, the SOLVE declined in value on average by -3.05%.

SOLVE weekday performance

The increase in value of the SOLVE is 3.75% on an average Sunday. However, the uncertainty on the average change is high for the SOLVE on Sundays. This is the reason why an expected increase of the SOLVE on an average Sunday cannot be predicted. The standard deviation for SOLVE on Sundays is high, namely 16.50%. This means that the expected range of value change for the SOLVE is -12.76% and 20.25% on 68% of the Sundays.

The decrease in value of the SOLVE is -3.05% on an average Monday. The uncertainty of the average change is high for the SOLVE on Mondays. This means that it is hard to tell whether the SOLVE will decrease or increase in value on an average Monday. If we look at the 68% range of the SOLVE, we see that on 68% of the Mondays, the expected change of the SOLVE is between -15.53% and 9.43%.

SOLVE increased in value on an average Tuesday only slightly. The average increase in value of the SOLVE was 0.04%. Allthough the SOLVE closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.04%). This means that on 68 percent of the Tuesdays, the change in price of the SOLVE is expected to be in the range of -3.00% and 3.08%.

The SOLVE declines in value on an average Wednesday with -1.05%. However, the uncertainty (or standard deviation) is quite large, namely 2.19%. This means that it is not possible to say whether on a regular Wednesday the SOLVE will increase or decrease in value.

SOLVE increased in value on an average Thursday only slightly. The average increase in value of the SOLVE was 0.25%. Allthough the SOLVE closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.92%). This means that on 68 percent of the Thursdays, the change in price of the SOLVE is expected to be in the range of -2.67% and 3.17%.

On Fridays, the SOLVE decreases in value on average with -0.77%. On most of the Fridays the SOLVE decreases in value between -4.26% and 2.73%. The uncertainty (3.50%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the SOLVE on Fridays is large.

Allthough the SOLVE decreases in value with -0.39% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of SOLVE on Saturdays is 1.88%. This means that the expected change of the value of SOLVE is between -2.27% and 1.49% on 68 out of 100 Saturdays.

SOLVE weekday performance details

Find below the details of the performance of SOLVE 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 3.75% 16.50% -12.76% to 20.25%
Monday -3.05% 12.48% -15.53% to 9.43%
Tuesday 0.04% 3.04% -3.00% to 3.08%
Wednesday -1.05% 2.19% -3.24% to 1.14%
Thursday 0.25% 2.92% -2.67% to 3.17%
Friday -0.77% 3.50% -4.26% to 2.73%
Saturday -0.39% 1.88% -2.27% to 1.49%
 

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