Velas (VLX)

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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 April 22nd, 2024 to May 17th, 2024.

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 04/22/2024 and 05/17/2024.

According to the performance of Velas between April 22nd, 2024 and May 17th, 2024, Velas performed the best on Sundays. On average, the price of Velas increased 4.31% on Sunday.

The weekday on which the Velas performed the worst, is Friday. On Fridays, the Velas declined in value on average by -3.45%.

Velas weekday performance

The increase in value of the Velas is 4.31% on an average Sunday. However, the uncertainty on the average change is high for the Velas on Sundays. This is the reason why an expected increase of the Velas on an average Sunday cannot be predicted. The standard deviation for Velas on Sundays is high, namely 5.03%. This means that the expected range of value change for the Velas is -0.72% and 9.33% on 68% of the Sundays.

The Velas declines in value on an average Monday with -1.41%. However, the uncertainty (or standard deviation) is quite large, namely 4.79%. This means that it is not possible to say whether on a regular Monday the Velas will increase or decrease in value.

The Velas declines in value on an average Tuesday with -1.01%. However, the uncertainty (or standard deviation) is quite large, namely 2.47%. This means that it is not possible to say whether on a regular Tuesday 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 Wednesday. The average change on a Wednesday for the Velas is -0.23%. However, the standard deviation on this weekday is 0.30%. This means that on most Wednesdays, the change in value of the Velas is between -0.53% and 0.07%.

The Velas declines in value on an average Thursday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 0.45%. This means that it is not possible to say whether on a regular Thursday the Velas will increase or decrease in value.

The decrease in value of the Velas is -3.45% on an average Friday. The uncertainty of the average change is high for the Velas on Fridays. This means that it is hard to tell whether the Velas will decrease or increase in value on an average Friday. If we look at the 68% range of the Velas, we see that on 68% of the Fridays, the expected change of the Velas is between -6.52% and -0.37%.

On an average Saturday, the Velas increased 0.36%. However, since the expected deviation is 2.40%, the Velas will decline in value on a Saturday quiet regularly. The expected price change of the Velas on a Saturday is between -2.03% and 2.76%.

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 4.31% 5.03% -0.72% to 9.33%
Monday -1.41% 4.79% -6.19% to 3.38%
Tuesday -1.01% 2.47% -3.49% to 1.46%
Wednesday -0.23% 0.30% -0.53% to 0.07%
Thursday -1.31% 0.45% -1.76% to -0.87%
Friday -3.45% 3.07% -6.52% to -0.37%
Saturday 0.36% 2.40% -2.03% to 2.76%
 

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