VeChain (VEN)

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Daily analysis of VeChain (VEN) - 6 months

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 6 months, starting on June 12th, 2019 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 06/12/2019 and 08/19/2019.

According to the performance of VeChain between June 12th, 2019 and August 19th, 2019, VeChain performed the best on Thursdays. On average, the price of VeChain increased 7.68% on Thursday.

The weekday on which the VeChain performed the worst, is Saturday. On Saturdays, the VeChain declined in value on average by -0.13%.

VeChain weekday performance

VeChain increased in value on an average Sunday only slightly. The average increase in value of the VeChain was 0.10%. 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 (0.30%). This means that on 68 percent of the Sundays, the change in price of the VeChain is expected to be in the range of -0.20% and 0.40%.

VeChain increased in value on an average Monday only slightly. The average increase in value of the VeChain was 0.04%. 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 (0.30%). This means that on 68 percent of the Mondays, the change in price of the VeChain is expected to be in the range of -0.25% and 0.34%.

VeChain increased in value on an average Tuesday only slightly. The average increase in value of the VeChain was 0.10%. 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 (0.33%). This means that on 68 percent of the Tuesdays, the change in price of the VeChain is expected to be in the range of -0.24% and 0.43%.

The increase in value of the VeChain is 7.52% on an average Wednesday. However, the uncertainty on the average change is high for the VeChain on Wednesdays. This is the reason why an expected increase of the VeChain on an average Wednesday cannot be predicted. The standard deviation for VeChain on Wednesdays is high, namely 22.31%. This means that the expected range of value change for the VeChain is -14.78% and 29.83% on 68% of the Wednesdays.

The increase in value of the VeChain is 7.68% on an average Thursday. However, the uncertainty on the average change is high for the VeChain on Thursdays. This is the reason why an expected increase of the VeChain on an average Thursday cannot be predicted. The standard deviation for VeChain on Thursdays is high, namely 22.16%. This means that the expected range of value change for the VeChain is -14.48% and 29.84% on 68% of the Thursdays.

VeChain increased in value on an average Friday only slightly. The average increase in value of the VeChain was 0.11%. 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 (0.26%). This means that on 68 percent of the Fridays, the change in price of the VeChain is expected to be in the range of -0.15% and 0.37%.

It is hard to tell whether the VeChain will increase or decrease in value on an average Saturday. The average change on a Saturday for the VeChain is -0.13%. However, the standard deviation on this weekday is 0.59%. This means that on most Saturdays, the change in value of the VeChain is between -0.72% and 0.46%.

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 0.10% 0.30% -0.20% to 0.40%
Monday 0.04% 0.30% -0.25% to 0.34%
Tuesday 0.10% 0.33% -0.24% to 0.43%
Wednesday 7.52% 22.31% -14.78% to 29.83%
Thursday 7.68% 22.16% -14.48% to 29.84%
Friday 0.11% 0.26% -0.15% to 0.37%
Saturday -0.13% 0.59% -0.72% to 0.46%