Velas (VLX)

Current price: $ 0.60

24 hours price change: - (-)

Daily analysis of Velas (VLX) - 1 month

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 September 23rd, 2019 to October 22nd, 2019.

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 09/23/2019 and 10/22/2019.

According to the performance of Velas between September 23rd, 2019 and October 22nd, 2019, Velas performed the best on Sundays. On average, the price of Velas increased 0.88% on Sunday.

The weekday on which the Velas performed the worst, is Monday. On Mondays, the Velas declined in value on average by -2.26%.

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 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Sunday is between -0.41% and 2.17% (see also the table below).

The Velas declines in value on an average Monday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 4.82%. 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 -0.08%. However, the standard deviation on this weekday is 0.62%. This means that on most Tuesdays, the change in value of the Velas is between -0.71% and 0.54%.

The Velas declines in value on an average Wednesday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 1.94%. This means that it is not possible to say whether on a regular Wednesday the Velas will increase or decrease in value.

On an average Thursday, the Velas increased 0.49%. However, since the expected deviation is 0.63%, the Velas will decline in value on a Thursday quiet regularly. The expected price change of the Velas on a Thursday is between -0.14% and 1.12%.

It is hard to tell whether the Velas will increase or decrease in value on an average Friday. The average change on a Friday for the Velas is -0.14%. However, the standard deviation on this weekday is 0.30%. This means that on most Fridays, the change in value of the Velas is between -0.44% and 0.16%.

Allthough the Velas decreases in value with -0.31% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Saturdays is 0.94%. This means that the expected change of the value of Velas is between -1.25% and 0.63% 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 0.88% 1.29% -0.41% to 2.17%
Monday -2.26% 4.82% -7.08% to 2.56%
Tuesday -0.08% 0.62% -0.71% to 0.54%
Wednesday -1.21% 1.94% -3.15% to 0.73%
Thursday 0.49% 0.63% -0.14% to 1.12%
Friday -0.14% 0.30% -0.44% to 0.16%
Saturday -0.31% 0.94% -1.25% to 0.63%