VeChain (VEN)

Current price: $ 0.77

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 June 16th, 2019 to July 15th, 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 06/16/2019 and 07/15/2019.

According to the performance of VeChain between June 16th, 2019 and July 15th, 2019, VeChain performed the best on Thursdays. On average, the price of VeChain increased 0.41% on Thursday.

The weekday on which the VeChain performed the worst, is Saturday. On Saturdays, the VeChain declined in value on average by -0.52%.

VeChain weekday performance

The average increase of the VeChain on an average Sunday is 0.32%. This is a small increase, however, the expected change of the VeChain in 95% of the Sundays is -0.23% and 0.88%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the VeChain is below -0.23%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.88%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the VeChain will be in the range of 0.05% and 0.60%.

It is hard to tell whether the VeChain will increase or decrease in value on an average Monday. The average change on a Monday for the VeChain is -0.07%. However, the standard deviation on this weekday is 0.33%. This means that on most Mondays, the change in value of the VeChain is between -0.40% and 0.27%.

The average increase of the VeChain on an average Tuesday is 0.36%. This is a small increase, however, the expected change of the VeChain in 95% of the Tuesdays is -0.24% and 0.95%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the VeChain is below -0.24%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.95%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the VeChain will be in the range of 0.06% and 0.65%.

VeChain increased in value on an average Wednesday only slightly. The average increase in value of the VeChain was 0.09%. 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 Wednesdays, the change in price of the VeChain is expected to be in the range of -0.01% and 0.20%.

The average increase of the VeChain on an average Thursday is 0.41%. This is a small increase, however, the expected change of the VeChain in 95% of the Thursdays is -0.16% and 0.98%. This means that only on 2.5% (or slightly over 1 Thursday per year) the expected change of the VeChain is below -0.16%. On the other hand, you would not have to expect that the change on a single Thursday will be above 0.98%. This will also only happen on 2.5% of the Thursdays. On 68% of the Thursdays, the increase of the VeChain will be in the range of 0.13% and 0.70%.

VeChain increased in value on an average Friday only slightly. The average increase in value of the VeChain was 0.19%. 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 (0.38%). This means that on 68 percent of the Fridays, the change in price of the VeChain is expected to be in the range of -0.19% and 0.57%.

Allthough the VeChain decreases in value with -0.52% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of VeChain on Saturdays is 0.77%. This means that the expected change of the value of VeChain is between -1.30% and 0.25% on 68 out of 100 Saturdays.

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
Sunday0.32%0.28%0.05% to 0.60%
Monday-0.07%0.33%-0.40% to 0.27%
Tuesday0.36%0.30%0.06% to 0.65%
Wednesday0.09%0.10%-0.01% to 0.20%
Thursday0.41%0.29%0.13% to 0.70%
Friday0.19%0.38%-0.19% to 0.57%
Saturday-0.52%0.77%-1.30% to 0.25%