VeChain (VEN)

Current price: $ 0.61

24 hours price change: - (-)

Daily analysis of VeChain (VEN) - 1 month

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 1 month, starting on November 19th, 2018 to December 18th, 2018.

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 11/19/2018 and 12/18/2018.

According to the performance of VeChain between November 19th, 2018 and December 18th, 2018, VeChain performed the best on Tuesdays. On average, the price of VeChain increased 15.94% on Tuesday.

The weekday on which the VeChain performed the worst, is Thursday. On Thursdays, the VeChain declined in value on average by -0.10%.

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 -0.09%. However, the standard deviation on this weekday is 0.30%. This means that on most Sundays, the change in value of the VeChain is between -0.38% and 0.21%.

VeChain increased in value on an average Monday only slightly. The average increase in value of the VeChain was 0.05%. 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 (0.10%). This means that on 68 percent of the Mondays, the change in price of the VeChain is expected to be in the range of -0.05% and 0.14%.

The increase in value of the VeChain is 15.94% on an average Tuesday. However, the uncertainty on the average change is high for the VeChain on Tuesdays. This is the reason why an expected increase of the VeChain on an average Tuesday cannot be predicted. The standard deviation for VeChain on Tuesdays is high, namely 32.37%. This means that the expected range of value change for the VeChain is -16.43% and 48.31% on 68% of the Tuesdays.

It is hard to tell whether the VeChain will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the VeChain is -0.06%. However, the standard deviation on this weekday is 0.07%. This means that on most Wednesdays, the change in value of the VeChain is between -0.13% and 0.00%.

It is hard to tell whether the VeChain will increase or decrease in value on an average Thursday. The average change on a Thursday for the VeChain is -0.10%. However, the standard deviation on this weekday is 0.14%. This means that on most Thursdays, the change in value of the VeChain is between -0.24% and 0.04%.

VeChain increased in value on an average Friday only slightly. The average increase in value of the VeChain was 0.21%. 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 (0.23%). This means that on 68 percent of the Fridays, the change in price of the VeChain is expected to be in the range of -0.02% and 0.44%.

VeChain increased in value on an average Saturday only slightly. The average increase in value of the VeChain was 0.01%. 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 (0.02%). This means that on 68 percent of the Saturdays, the change in price of the VeChain is expected to be in the range of -0.01% and 0.03%.

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-0.09%0.30%-0.38% to 0.21%
Monday0.05%0.10%-0.05% to 0.14%
Tuesday15.94%32.37%-16.43% to 48.31%
Wednesday-0.06%0.07%-0.13% to 0.00%
Thursday-0.10%0.14%-0.24% to 0.04%
Friday0.21%0.23%-0.02% to 0.44%
Saturday0.01%0.02%-0.01% to 0.03%