Velas (VLX)

Current price: $ 0.07

24 hours price change: - (-)

Daily analysis of Velas (VLX) - all

The performance of Velas regarding the price differs every day. To make the best decision to buy Velas, we are analysis in this article the performance of Velas on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on March 20th, 2018 to September 22nd, 2020.

In the barchart below, the weekdays and average performance of Velas are shown side by side.

Average daily change in price of Velas per weekday between 03/20/2018 and 09/22/2020.

According to the performance of Velas between March 20th, 2018 and September 22nd, 2020, Velas performed the best on Thursdays. On average, the price of Velas increased 1.12% on Thursday.

The weekday on which the Velas performed the worst, is Wednesday. On Wednesdays, the Velas declined in value on average by -0.51%.

Velas weekday performance

Historical performance on Sunday do not show an increase in value of the Velas on which a prediction can be made. The Velas increased in value on average on an average Sunday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Sunday is between -9.55% and 11.36% (see also the table below).

Allthough the Velas decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Mondays is 5.20%. This means that the expected change of the value of Velas is between -5.68% and 4.72% on 68 out of 100 Mondays.

Historical performance on Tuesday do not show an increase in value of the Velas on which a prediction can be made. The Velas increased in value on average on an average Tuesday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Tuesday is between -9.88% and 11.77% (see also the table below).

Allthough the Velas decreases in value with -0.51% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Wednesdays is 7.38%. This means that the expected change of the value of Velas is between -7.88% and 6.87% on 68 out of 100 Wednesdays.

On an average Thursday the Velas shows an increase in value of 1.12%. However, the change of Velas on most of the Thursdays is between -8.45% and 10.69%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Velass.

Allthough the Velas decreases in value with -0.38% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Fridays is 3.91%. This means that the expected change of the value of Velas is between -4.29% and 3.53% on 68 out of 100 Fridays.

Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.18%. Allthough the Velas closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.41%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of -6.23% and 6.59%.

Velas weekday performance details

Find below the details of the performance of Velas 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 0.91% 10.46% -9.55% to 11.36%
Monday -0.48% 5.20% -5.68% to 4.72%
Tuesday 0.95% 10.82% -9.88% to 11.77%
Wednesday -0.51% 7.38% -7.88% to 6.87%
Thursday 1.12% 9.57% -8.45% to 10.69%
Friday -0.38% 3.91% -4.29% to 3.53%
Saturday 0.18% 6.41% -6.23% to 6.59%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.