BitShares (BTS)

Current price: $ 0.06

24 hours price change: $ 0.000526 (0.94%)

Daily analysis of BitShares (BTS) - 1 month

The performance of BitShares regarding the price differs every day. To make the best decision to buy BitShares, we are analysis in this article the performance of BitShares on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 9th, 2021 to March 8th, 2021.

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

Average daily change in price of BitShares per weekday between 02/09/2021 and 03/08/2021.

According to the performance of BitShares between February 9th, 2021 and March 8th, 2021, BitShares performed the best on Saturdays. On average, the price of BitShares increased 6.46% on Saturday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -2.09%.

BitShares weekday performance

On Sundays, the BitShares decreases in value on average with -0.83%. On most of the Sundays the BitShares decreases in value between -3.02% and 1.35%. The uncertainty (2.19%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the BitShares on Sundays is large.

The BitShares declines in value on an average Monday with -1.94%. However, the uncertainty (or standard deviation) is quite large, namely 5.18%. This means that it is not possible to say whether on a regular Monday the BitShares will increase or decrease in value.

On an average Tuesday, the BitShares increased 0.55%. However, since the expected deviation is 1.39%, the BitShares will decline in value on a Tuesday quiet regularly. The expected price change of the BitShares on a Tuesday is between -0.84% and 1.94%.

BitShares increased in value on an average Wednesday only slightly. The average increase in value of the BitShares was 0.16%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.56%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -0.40% and 0.72%.

BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.17%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.92%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -1.75% and 2.08%.

The BitShares declines in value on an average Friday with -2.09%. However, the uncertainty (or standard deviation) is quite large, namely 3.43%. This means that it is not possible to say whether on a regular Friday the BitShares will increase or decrease in value.

The increase in value of the BitShares is 6.46% on an average Saturday. However, the uncertainty on the average change is high for the BitShares on Saturdays. This is the reason why an expected increase of the BitShares on an average Saturday cannot be predicted. The standard deviation for BitShares on Saturdays is high, namely 9.63%. This means that the expected range of value change for the BitShares is -3.17% and 16.08% on 68% of the Saturdays.

BitShares weekday performance details

Find below the details of the performance of BitShares 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 -0.83% 2.19% -3.02% to 1.35%
Monday -1.94% 5.18% -7.12% to 3.23%
Tuesday 0.55% 1.39% -0.84% to 1.94%
Wednesday 0.16% 0.56% -0.40% to 0.72%
Thursday 0.17% 1.92% -1.75% to 2.08%
Friday -2.09% 3.43% -5.52% to 1.34%
Saturday 6.46% 9.63% -3.17% to 16.08%
 

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