BitShares (BTS)

Current price: $ 0.04

24 hours price change: $ -0.001822 (-3.95%)

Daily analysis of BitShares (BTS) - 1 year

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 year, starting on March 2nd, 2020 to March 2nd, 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 03/02/2020 and 03/02/2021.

According to the performance of BitShares between March 2nd, 2020 and March 2nd, 2021, BitShares performed the best on Thursdays. On average, the price of BitShares increased 2.42% on Thursday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.64%.

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 -0.14%. However, the standard deviation on this weekday is 1.29%. This means that on most Sundays, the change in value of the BitShares is between -1.42% and 1.15%.

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 -0.18%. However, the standard deviation on this weekday is 1.97%. This means that on most Mondays, the change in value of the BitShares is between -2.16% and 1.79%.

It is hard to tell whether the BitShares will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the BitShares is -0.11%. However, the standard deviation on this weekday is 1.13%. This means that on most Tuesdays, the change in value of the BitShares is between -1.24% and 1.02%.

BitShares increased in value on an average Wednesday only slightly. The average increase in value of the BitShares was 0.02%. 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 (1.84%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -1.82% and 1.86%.

On an average Thursday the BitShares shows an increase in value of 2.42%. However, the change of BitShares on most of the Thursdays is between -13.77% and 18.61%. Therefore it is hard to tell whether an average Thursday is a good day to start buying BitSharess.

On Fridays, the BitShares decreases in value on average with -0.64%. On most of the Fridays the BitShares decreases in value between -4.93% and 3.66%. The uncertainty (4.30%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the BitShares on Fridays is large.

On an average Saturday, the BitShares increased 0.44%. However, since the expected deviation is 3.30%, the BitShares will decline in value on a Saturday quiet regularly. The expected price change of the BitShares on a Saturday is between -2.86% and 3.74%.

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 -0.14% 1.29% -1.42% to 1.15%
Monday -0.18% 1.97% -2.16% to 1.79%
Tuesday -0.11% 1.13% -1.24% to 1.02%
Wednesday 0.02% 1.84% -1.82% to 1.86%
Thursday 2.42% 16.19% -13.77% to 18.61%
Friday -0.64% 4.30% -4.93% to 3.66%
Saturday 0.44% 3.30% -2.86% to 3.74%
 

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