VeChain (VEN)

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Daily analysis of VeChain (VEN) - 1 year

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 year, starting on September 23rd, 2018 to August 19th, 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 09/23/2018 and 08/19/2019.

According to the performance of VeChain between September 23rd, 2018 and August 19th, 2019, VeChain performed the best on Tuesdays. On average, the price of VeChain increased 5.26% on Tuesday.

The weekday on which the VeChain performed the worst, is Sunday. On Sundays, the VeChain declined in value on average by -0.64%.

VeChain weekday performance

On Sundays, the VeChain decreases in value on average with -0.64%. On most of the Sundays the VeChain decreases in value between -5.42% and 4.13%. The uncertainty (4.78%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the VeChain on Sundays is large.

VeChain increased in value on an average Monday 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 (0.25%). This means that on 68 percent of the Mondays, the change in price of the VeChain is expected to be in the range of -0.24% and 0.25%.

The increase in value of the VeChain is 5.26% 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 26.89%. This means that the expected range of value change for the VeChain is -21.63% and 32.16% on 68% of the Tuesdays.

On an average Wednesday the VeChain shows an increase in value of 1.64%. However, the change of VeChain on most of the Wednesdays is between -9.10% and 12.38%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying VeChains.

On an average Thursday the VeChain shows an increase in value of 1.65%. However, the change of VeChain on most of the Thursdays is between -9.04% and 12.34%. Therefore it is hard to tell whether an average Thursday is a good day to start buying VeChains.

VeChain increased in value on an average Friday 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 (0.27%). This means that on 68 percent of the Fridays, the change in price of the VeChain is expected to be in the range of -0.22% and 0.32%.

On an average Saturday, the VeChain increased 0.37%. However, since the expected deviation is 3.05%, the VeChain will decline in value on a Saturday quiet regularly. The expected price change of the VeChain on a Saturday is between -2.68% and 3.42%.

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 -0.64% 4.78% -5.42% to 4.13%
Monday 0.01% 0.25% -0.24% to 0.25%
Tuesday 5.26% 26.89% -21.63% to 32.16%
Wednesday 1.64% 10.74% -9.10% to 12.38%
Thursday 1.65% 10.69% -9.04% to 12.34%
Friday 0.05% 0.27% -0.22% to 0.32%
Saturday 0.37% 3.05% -2.68% to 3.42%