VeChain (VEN)

Current price: $ 0.77

24 hours price change: - (-)

Daily analysis of VeChain (VEN) - all

The performance of VeChain regarding the price differs every day. To make the best decision to buy VeChain, we are analysis in this article the performance of VeChain on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 21st, 2013 to July 20th, 2019.

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

Average daily change in price of VeChain per weekday between 10/21/2013 and 07/20/2019.

According to the performance of VeChain between October 21st, 2013 and July 20th, 2019, VeChain performed the best on Thursdays. On average, the price of VeChain increased inf% on Thursday.

The weekday on which the VeChain performed the worst, is Sunday. On Sundays, the VeChain declined in value on average by -0.18%.

VeChain weekday performance

It is hard to tell whether the VeChain will increase or decrease in value on an average Sunday. The average change on a Sunday for the VeChain is -0.18%. However, the standard deviation on this weekday is 9.73%. This means that on most Sundays, the change in value of the VeChain is between -9.91% and 9.56%.

The increase in value of the VeChain is 6.73% on an average Monday. However, the uncertainty on the average change is high for the VeChain on Mondays. This is the reason why an expected increase of the VeChain on an average Monday cannot be predicted. The standard deviation for VeChain on Mondays is high, namely 111.86%. This means that the expected range of value change for the VeChain is -105.13% and 118.59% on 68% of the Mondays.

On an average Tuesday the VeChain shows an increase in value of 1.52%. However, the change of VeChain on most of the Tuesdays is between -15.69% and 18.73%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying VeChains.

On an average Wednesday, the VeChain increased 0.51%. However, since the expected deviation is 12.74%, the VeChain will decline in value on a Wednesday quiet regularly. The expected price change of the VeChain on a Wednesday is between -12.23% and 13.25%.

On Thursdays, the average increase of the value of the VeChain is very high. The average increase is inf%. The standard deviation of the VeChain on Thursdays is nan%. This means that on 68% of the Thursdays, the VeChain increases between nan% and nan%. The uncertainty is therefore not very high, since on most Thursdays, the value of the VeChain will increase.

On an average Friday, the VeChain increased 0.30%. However, since the expected deviation is 4.87%, the VeChain will decline in value on a Friday quiet regularly. The expected price change of the VeChain on a Friday is between -4.57% and 5.17%.

Historical performance on Saturday do not show an increase in value of the VeChain on which a prediction can be made. The VeChain increased in value on average on an average Saturday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the VeChain on a Saturday is between -6.46% and 8.07% (see also the table below).

VeChain weekday performance details

Find below the details of the performance of VeChain 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.18%9.73%-9.91% to 9.56%
Monday6.73%111.86%-105.13% to 118.59%
Tuesday1.52%17.21%-15.69% to 18.73%
Wednesday0.51%12.74%-12.23% to 13.25%
Thursdayinf%nan%nan% to nan%
Friday0.30%4.87%-4.57% to 5.17%
Saturday0.80%7.26%-6.46% to 8.07%