VeChain (VEN)

Current price: $ 0.35

24 hours price change: - (-)

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 April 24th, 2018 to April 23rd, 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 04/24/2018 and 04/23/2019.

According to the performance of VeChain between April 24th, 2018 and April 23rd, 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 Monday. On Mondays, the VeChain declined in value on average by -0.79%.

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 -0.10%. However, the standard deviation on this weekday is 5.98%. This means that on most Sundays, the change in value of the VeChain is between -6.08% and 5.88%.

On Mondays, the VeChain decreases in value on average with -0.79%. On most of the Mondays the VeChain decreases in value between -4.49% and 2.90%. The uncertainty (3.70%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the VeChain on Mondays is large.

The increase in value of the VeChain is 4.13% 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 25.99%. This means that the expected range of value change for the VeChain is -21.86% and 30.12% on 68% of the Tuesdays.

Allthough the VeChain decreases in value with -0.59% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of VeChain on Wednesdays is 4.50%. This means that the expected change of the value of VeChain is between -5.09% and 3.92% on 68 out of 100 Wednesdays.

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.

VeChain increased in value on an average Friday only slightly. The average increase in value of the VeChain was 0.16%. 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 (2.68%). This means that on 68 percent of the Fridays, the change in price of the VeChain is expected to be in the range of -2.52% and 2.83%.

On an average Saturday the VeChain shows an increase in value of 1.31%. However, the change of VeChain on most of the Saturdays is between -5.11% and 7.73%. Therefore it is hard to tell whether an average Saturday is a good day to start buying VeChains.

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-0.10%5.98%-6.08% to 5.88%
Monday-0.79%3.70%-4.49% to 2.90%
Tuesday4.13%25.99%-21.86% to 30.12%
Wednesday-0.59%4.50%-5.09% to 3.92%
Thursdayinf%nan%nan% to nan%
Friday0.16%2.68%-2.52% to 2.83%
Saturday1.31%6.42%-5.11% to 7.73%