Verge (XVG)

Current price: $ 0.004289

24 hours price change: $ -0.000402 (-8.57%)

Daily analysis of Verge (XVG) - 1 month

The performance of Verge regarding the price differs every day. To make the best decision to buy Verge, we are analysis in this article the performance of Verge on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 27th, 2020 to October 26th, 2020.

In the barchart below, the weekdays and average performance of Verge are shown side by side.

Average daily change in price of Verge per weekday between 09/27/2020 and 10/26/2020.

According to the performance of Verge between September 27th, 2020 and October 26th, 2020, Verge performed the best on Wednesdays. On average, the price of Verge increased 1.34% on Wednesday.

The weekday on which the Verge performed the worst, is Tuesday. On Tuesdays, the Verge declined in value on average by -0.61%.

Verge weekday performance

On an average Sunday, the Verge increased 0.38%. However, since the expected deviation is 0.54%, the Verge will decline in value on a Sunday quiet regularly. The expected price change of the Verge on a Sunday is between -0.16% and 0.93%.

Historical performance on Monday do not show an increase in value of the Verge on which a prediction can be made. The Verge increased in value on average on an average Monday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Verge on a Monday is between -0.67% and 1.91% (see also the table below).

On Tuesdays, the Verge decreases in value on average with -0.61%. On most of the Tuesdays the Verge decreases in value between -1.75% and 0.53%. The uncertainty (1.14%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Verge on Tuesdays is large.

On an average Wednesday the Verge shows a high increase in value, namely 1.34%. The standard deviation is below the average increase percentage (standard deviation is 1.33%), meaning that on 68% of the Wednesdays the Verge will increase with a percentage between 0.01% and 2.68%. This also means that, on average, on 16 percent of the Wednesdays, the Verge will increase with a percentage above this range. On the other 16% of the Wednesdays, the Verge will change with a percentage below the 0.01%.

It is hard to tell whether the Verge will increase or decrease in value on an average Thursday. The average change on a Thursday for the Verge is -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Thursdays, the change in value of the Verge is between -0.05% and 0.01%.

The Verge will almost not change or only slightly increase in value on an average Friday. The average change of the Verge on Fridays is 0.03%. The standard deviation of the Verge is 0.01%, which means that in 68% of the Fridays, the range of the change of the Verge is 0.02% and 0.04%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the Verge decreases in value with -0.39% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Verge on Saturdays is 0.64%. This means that the expected change of the value of Verge is between -1.03% and 0.26% on 68 out of 100 Saturdays.

Verge weekday performance details

Find below the details of the performance of Verge 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 0.38% 0.54% -0.16% to 0.93%
Monday 0.62% 1.29% -0.67% to 1.91%
Tuesday -0.61% 1.14% -1.75% to 0.53%
Wednesday 1.34% 1.33% 0.01% to 2.68%
Thursday -0.02% 0.03% -0.05% to 0.01%
Friday 0.03% 0.01% 0.02% to 0.04%
Saturday -0.39% 0.64% -1.03% to 0.26%
 

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