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 August 24th, 2023 to September 24th, 2023.
In the barchart below, the weekdays and average performance of Velas are shown side by side.
According to the performance of Velas between August 24th, 2023 and September 24th, 2023, Velas performed the best on Saturdays. On average, the price of Velas increased 0.01% on Saturday.
The weekday on which the Velas performed the worst, is Monday. On Mondays, the Velas declined in value on average by -1.04%.
Velas weekday performance
It is hard to tell whether the Velas will increase or decrease in value on an average Sunday. The average change on a Sunday for the Velas is 0.00%. However, the standard deviation on this weekday is 0.01%. This means that on most Sundays, the change in value of the Velas is between -0.01% and 0.00%.
The Velas declines in value on an average Monday with -1.04%. However, the uncertainty (or standard deviation) is quite large, namely 1.80%. This means that it is not possible to say whether on a regular Monday the Velas will increase or decrease in value.
It is hard to tell whether the Velas will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Velas is -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Tuesdays, the change in value of the Velas is between -0.02% and 0.00%.
Velas increased in value on an average Wednesday only slightly. The average increase in value of the Velas was 0.00%. 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 (0.04%). This means that on 68 percent of the Wednesdays, the change in price of the Velas is expected to be in the range of -0.04% and 0.04%.
It is hard to tell whether the Velas will increase or decrease in value on an average Thursday. The average change on a Thursday for the Velas is -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Thursdays, the change in value of the Velas is between -0.01% and 0.00%.
Velas increased in value on an average Friday only slightly. The average increase in value of the Velas was 0.01%. 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 (0.03%). This means that on 68 percent of the Fridays, the change in price of the Velas is expected to be in the range of -0.02% and 0.04%.
Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.01%. 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 (0.01%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of 0.00% and 0.02%.
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 | 0.00% | 0.01% | -0.01% to 0.00% |
| Monday | -1.04% | 1.80% | -2.84% to 0.76% |
| Tuesday | -0.01% | 0.01% | -0.02% to 0.00% |
| Wednesday | 0.00% | 0.04% | -0.04% to 0.04% |
| Thursday | -0.01% | 0.01% | -0.01% to 0.00% |
| Friday | 0.01% | 0.03% | -0.02% to 0.04% |
| Saturday | 0.01% | 0.01% | 0.00% to 0.02% |