Velas (VLX)

Current price: $ 0.24

24 hours price change: $ -0.01 (-4.95%)

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 January 28th, 2021 to January 28th, 2022.

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 01/28/2021 and 01/28/2022.

According to the performance of Velas between January 28th, 2021 and January 28th, 2022, Velas performed the best on Wednesdays. On average, the price of Velas increased 0.93% on Wednesday.

The weekday on which the Velas performed the worst, is Monday. On Mondays, the Velas declined in value on average by -0.40%.

Velas weekday performance

Velas increased in value on an average Sunday only slightly. The average increase in value of the Velas was 0.04%. 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 (0.53%). This means that on 68 percent of the Sundays, the change in price of the Velas is expected to be in the range of -0.50% and 0.57%.

Allthough the Velas decreases in value with -0.40% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Velas on Mondays is 3.38%. This means that the expected change of the value of Velas is between -3.78% and 2.98% on 68 out of 100 Mondays.

Velas increased in value on an average Tuesday only slightly. The average increase in value of the Velas was 0.06%. 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 (0.45%). This means that on 68 percent of the Tuesdays, the change in price of the Velas is expected to be in the range of -0.39% and 0.51%.

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 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Velas on a Wednesday is between -6.48% and 8.35% (see also the table below).

Velas increased in value on an average Thursday only slightly. The average increase in value of the Velas was 0.27%. 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 (1.38%). This means that on 68 percent of the Thursdays, the change in price of the Velas is expected to be in the range of -1.11% and 1.65%.

On an average Friday, the Velas increased 0.48%. However, since the expected deviation is 4.72%, the Velas will decline in value on a Friday quiet regularly. The expected price change of the Velas on a Friday is between -4.24% and 5.20%.

Velas increased in value on an average Saturday only slightly. The average increase in value of the Velas was 0.09%. 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 (0.41%). This means that on 68 percent of the Saturdays, the change in price of the Velas is expected to be in the range of -0.32% and 0.49%.

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 0.04% 0.53% -0.50% to 0.57%
Monday -0.40% 3.38% -3.78% to 2.98%
Tuesday 0.06% 0.45% -0.39% to 0.51%
Wednesday 0.93% 7.42% -6.48% to 8.35%
Thursday 0.27% 1.38% -1.11% to 1.65%
Friday 0.48% 4.72% -4.24% to 5.20%
Saturday 0.09% 0.41% -0.32% to 0.49%
 

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