The performance of WAX regarding the price differs every day. To make the best decision to buy WAX, we are analysis in this article the performance of WAX on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on July 30th, 2022 to January 30th, 2023.
In the barchart below, the weekdays and average performance of WAX are shown side by side.
According to the performance of WAX between July 30th, 2022 and January 30th, 2023, WAX performed the best on Tuesdays. On average, the price of WAX increased 1.02% on Tuesday.
The weekday on which the WAX performed the worst, is Monday. On Mondays, the WAX declined in value on average by -0.23%.
WAX weekday performance
WAX increased in value on an average Sunday only slightly. The average increase in value of the WAX was 0.10%. Allthough the WAX closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.87%). This means that on 68 percent of the Sundays, the change in price of the WAX is expected to be in the range of -0.77% and 0.97%.
It is hard to tell whether the WAX will increase or decrease in value on an average Monday. The average change on a Monday for the WAX is -0.23%. However, the standard deviation on this weekday is 1.24%. This means that on most Mondays, the change in value of the WAX is between -1.47% and 1.01%.
On an average Tuesday the WAX shows an increase in value of 1.02%. However, the change of WAX on most of the Tuesdays is between -1.59% and 3.64%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying WAXs.
On an average Wednesday, the WAX increased 0.56%. However, since the expected deviation is 1.99%, the WAX will decline in value on a Wednesday quiet regularly. The expected price change of the WAX on a Wednesday is between -1.43% and 2.55%.
On an average Thursday, the WAX increased 0.53%. However, since the expected deviation is 2.38%, the WAX will decline in value on a Thursday quiet regularly. The expected price change of the WAX on a Thursday is between -1.84% and 2.91%.
On an average Friday, the WAX increased 0.50%. However, since the expected deviation is 1.98%, the WAX will decline in value on a Friday quiet regularly. The expected price change of the WAX on a Friday is between -1.48% and 2.47%.
On an average Saturday, the WAX increased 0.45%. However, since the expected deviation is 2.85%, the WAX will decline in value on a Saturday quiet regularly. The expected price change of the WAX on a Saturday is between -2.40% and 3.30%.
WAX weekday performance details
Find below the details of the performance of WAX 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||0.10%||0.87%||-0.77% to 0.97%|
|Monday||-0.23%||1.24%||-1.47% to 1.01%|
|Tuesday||1.02%||2.61%||-1.59% to 3.64%|
|Wednesday||0.56%||1.99%||-1.43% to 2.55%|
|Thursday||0.53%||2.38%||-1.84% to 2.91%|
|Friday||0.50%||1.98%||-1.48% to 2.47%|
|Saturday||0.45%||2.85%||-2.40% to 3.30%|