Velas (VLX)

Current price: $ 0.64

24 hours price change: - (-)

Daily analysis of Velas (VLX) - 1 year

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 year, starting on October 22nd, 2018 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 10/22/2018 and 10/22/2019.

According to the performance of Velas between October 22nd, 2018 and October 22nd, 2019, Velas performed the best on Thursdays. On average, the price of Velas increased 0.86% on Thursday.

The weekday on which the Velas performed the worst, is Wednesday. On Wednesdays, the Velas declined in value on average by -0.97%.

Velas weekday performance

On an average Sunday, the Velas increased 0.32%. However, since the expected deviation is 4.38%, the Velas will decline in value on a Sunday quiet regularly. The expected price change of the Velas on a Sunday is between -4.06% and 4.70%.

It is hard to tell whether the Velas will increase or decrease in value on an average Monday. The average change on a Monday for the Velas is -0.23%. However, the standard deviation on this weekday is 4.33%. This means that on most Mondays, the change in value of the Velas is between -4.56% and 4.10%.

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 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Tuesday is between -3.09% and 4.31% (see also the table below).

On Wednesdays, the Velas decreases in value on average with -0.97%. On most of the Wednesdays the Velas decreases in value between -5.02% and 3.08%. The uncertainty (4.05%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Velas on Wednesdays is large.

Historical performance on Thursday 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 Thursday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Thursday is between -2.36% and 4.07% (see also the table below).

Velas increased in value on an average Friday only slightly. The average increase in value of the Velas was 0.29%. 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 (3.14%). This means that on 68 percent of the Fridays, the change in price of the Velas is expected to be in the range of -2.85% and 3.42%.

Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.15%. 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 (3.64%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of -3.50% and 3.79%.

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 0.32% 4.38% -4.06% to 4.70%
Monday -0.23% 4.33% -4.56% to 4.10%
Tuesday 0.61% 3.70% -3.09% to 4.31%
Wednesday -0.97% 4.05% -5.02% to 3.08%
Thursday 0.86% 3.21% -2.36% to 4.07%
Friday 0.29% 3.14% -2.85% to 3.42%
Saturday 0.15% 3.64% -3.50% to 3.79%