VeChain (VEN)

Current price: $ 1.88

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 August 7th, 2020.

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 08/07/2020.

According to the performance of VeChain between October 21st, 2013 and August 7th, 2020, 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 -0.54%.

VeChain weekday performance

Allthough the VeChain decreases in value with -0.54% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of VeChain on Sundays is 9.55%. This means that the expected change of the value of VeChain is between -10.09% and 9.01% on 68 out of 100 Sundays.

The increase in value of the VeChain is 5.64% 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 105.46%. This means that the expected range of value change for the VeChain is -99.81% and 111.10% on 68% of the Mondays.

Historical performance on Tuesday 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 Tuesday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the VeChain on a Tuesday is between -15.53% and 17.45% (see also the table below).

VeChain increased in value on an average Wednesday only slightly. The average increase in value of the VeChain was 0.27%. Allthough the VeChain closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (12.97%). This means that on 68 percent of the Wednesdays, the change in price of the VeChain is expected to be in the range of -12.70% and 13.24%.

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.

It is hard to tell whether the VeChain will increase or decrease in value on an average Friday. The average change on a Friday for the VeChain is -0.19%. However, the standard deviation on this weekday is 5.41%. This means that on most Fridays, the change in value of the VeChain is between -5.60% and 5.23%.

On an average Saturday, the VeChain increased 0.34%. However, since the expected deviation is 7.40%, the VeChain will decline in value on a Saturday quiet regularly. The expected price change of the VeChain on a Saturday is between -7.06% and 7.73%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.54% 9.55% -10.09% to 9.01%
Monday 5.64% 105.46% -99.81% to 111.10%
Tuesday 0.96% 16.49% -15.53% to 17.45%
Wednesday 0.27% 12.97% -12.70% to 13.24%
Thursday inf% nan% nan% to nan%
Friday -0.19% 5.41% -5.60% to 5.23%
Saturday 0.34% 7.40% -7.06% to 7.73%

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.