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 December 18th, 2021 to January 18th, 2022.
In the barchart below, the weekdays and average performance of BitShares are shown side by side.
According to the performance of BitShares between December 18th, 2021 and January 18th, 2022, BitShares performed the best on Saturdays. On average, the price of BitShares increased 1.17% on Saturday.
The weekday on which the BitShares performed the worst, is Tuesday. On Tuesdays, the BitShares declined in value on average by -1.06%.
BitShares weekday performance
It is hard to tell whether the BitShares will increase or decrease in value on an average Sunday. The average change on a Sunday for the BitShares is -0.28%. However, the standard deviation on this weekday is 0.83%. This means that on most Sundays, the change in value of the BitShares is between -1.11% and 0.54%.
It is hard to tell whether the BitShares will increase or decrease in value on an average Monday. The average change on a Monday for the BitShares is -0.11%. However, the standard deviation on this weekday is 0.65%. This means that on most Mondays, the change in value of the BitShares is between -0.76% and 0.55%.
The BitShares declines in value on an average Tuesday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 1.70%. This means that it is not possible to say whether on a regular Tuesday the BitShares will increase or decrease in value.
Historical performance on Wednesday do not show an increase in value of the BitShares on which a prediction can be made. The BitShares increased in value on average on an average Wednesday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the BitShares on a Wednesday is between -0.42% and 1.74% (see also the table below).
On Thursdays, the BitShares decreases in value on average with -0.66%. On most of the Thursdays the BitShares decreases in value between -1.49% and 0.18%. The uncertainty (0.83%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the BitShares on Thursdays is large.
BitShares increased in value on an average Friday 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 (1.43%). This means that on 68 percent of the Fridays, the change in price of the BitShares is expected to be in the range of -1.27% and 1.59%.
On an average Saturday the BitShares shows a high increase in value, namely 1.17%. The standard deviation is below the average increase percentage (standard deviation is 0.71%), meaning that on 68% of the Saturdays the BitShares will increase with a percentage between 0.46% and 1.88%. This also means that, on average, on 16 percent of the Saturdays, the BitShares will increase with a percentage above this range. On the other 16% of the Saturdays, the BitShares will change with a percentage below the 0.46%.
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||-0.28%||0.83%||-1.11% to 0.54%|
|Monday||-0.11%||0.65%||-0.76% to 0.55%|
|Tuesday||-1.06%||1.70%||-2.76% to 0.64%|
|Wednesday||0.66%||1.08%||-0.42% to 1.74%|
|Thursday||-0.66%||0.83%||-1.49% to 0.18%|
|Friday||0.16%||1.43%||-1.27% to 1.59%|
|Saturday||1.17%||0.71%||0.46% to 1.88%|