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 1 month, starting on February 23rd, 2023 to March 23rd, 2023.
In the barchart below, the weekdays and average performance of Velas are shown side by side.
According to the performance of Velas between February 23rd, 2023 and March 23rd, 2023, Velas performed the best on Wednesdays. On average, the price of Velas increased 0.76% on Wednesday.
The weekday on which the Velas performed the worst, is Tuesday. On Tuesdays, the Velas declined in value on average by -1.60%.
Velas weekday performance
On an average Sunday, the Velas increased 0.57%. However, since the expected deviation is 1.04%, the Velas will decline in value on a Sunday quiet regularly. The expected price change of the Velas on a Sunday is between -0.47% and 1.61%.
Velas increased in value on an average Monday only slightly. The average increase in value of the Velas was 0.14%. 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 (0.42%). This means that on 68 percent of the Mondays, the change in price of the Velas is expected to be in the range of -0.28% and 0.57%.
The Velas declines in value on an average Tuesday with -1.60%. However, the uncertainty (or standard deviation) is quite large, namely 1.11%. This means that it is not possible to say whether on a regular Tuesday the Velas will increase or decrease in value.
Historical performance on Wednesday 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 Wednesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Wednesday is between -0.29% and 1.80% (see also the table below).
Allthough the Velas decreases in value with -0.47% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Thursdays is 0.88%. This means that the expected change of the value of Velas is between -1.35% and 0.40% on 68 out of 100 Thursdays.
On Fridays, the Velas decreases in value on average with -0.62%. On most of the Fridays the Velas decreases in value between -1.73% and 0.49%. The uncertainty (1.11%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Velas on Fridays is large.
Allthough the Velas decreases in value with -0.52% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Saturdays is 1.00%. This means that the expected change of the value of Velas is between -1.52% and 0.48% on 68 out of 100 Saturdays.
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||0.57%||1.04%||-0.47% to 1.61%|
|Monday||0.14%||0.42%||-0.28% to 0.57%|
|Tuesday||-1.60%||1.11%||-2.71% to -0.49%|
|Wednesday||0.76%||1.05%||-0.29% to 1.80%|
|Thursday||-0.47%||0.88%||-1.35% to 0.40%|
|Friday||-0.62%||1.11%||-1.73% to 0.49%|
|Saturday||-0.52%||1.00%||-1.52% to 0.48%|