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 June 9th, 2023 to December 9th, 2023.
In the barchart below, the weekdays and average performance of SOLVE are shown side by side.
According to the performance of SOLVE between June 9th, 2023 and December 9th, 2023, SOLVE performed the best on Sundays. On average, the price of SOLVE increased 3.18% on Sunday.
The weekday on which the SOLVE performed the worst, is Monday. On Mondays, the SOLVE declined in value on average by -2.79%.
SOLVE weekday performance
The increase in value of the SOLVE is 3.18% 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 16.17%. This means that the expected range of value change for the SOLVE is -12.99% and 19.34% on 68% of the Sundays.
The SOLVE declines in value on an average Monday with -2.79%. However, the uncertainty (or standard deviation) is quite large, namely 12.45%. This means that it is not possible to say whether on a regular Monday the SOLVE will increase or decrease in value.
It is hard to tell whether the SOLVE will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the SOLVE is -0.01%. However, the standard deviation on this weekday is 1.16%. This means that on most Tuesdays, the change in value of the SOLVE is between -1.18% and 1.15%.
It is hard to tell whether the SOLVE will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the SOLVE is -0.02%. However, the standard deviation on this weekday is 1.06%. This means that on most Wednesdays, the change in value of the SOLVE is between -1.08% and 1.04%.
SOLVE increased in value on an average Thursday only slightly. The average increase in value of the SOLVE was 0.27%. 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 (1.90%). This means that on 68 percent of the Thursdays, the change in price of the SOLVE is expected to be in the range of -1.63% and 2.17%.
On Fridays, the SOLVE decreases in value on average with -0.89%. On most of the Fridays the SOLVE decreases in value between -4.15% and 2.36%. The uncertainty (3.25%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the SOLVE on Fridays is large.
It is hard to tell whether the SOLVE will increase or decrease in value on an average Saturday. The average change on a Saturday for the SOLVE is -0.06%. However, the standard deviation on this weekday is 0.78%. This means that on most Saturdays, the change in value of the SOLVE is between -0.84% and 0.72%.
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||3.18%||16.17%||-12.99% to 19.34%|
|Monday||-2.79%||12.45%||-15.24% to 9.66%|
|Tuesday||-0.01%||1.16%||-1.18% to 1.15%|
|Wednesday||-0.02%||1.06%||-1.08% to 1.04%|
|Thursday||0.27%||1.90%||-1.63% to 2.17%|
|Friday||-0.89%||3.25%||-4.15% to 2.36%|
|Saturday||-0.06%||0.78%||-0.84% to 0.72%|