BitShares (BTS)

Current price: $ 0.06

24 hours price change: $ 0.06 (inf%)

Daily analysis of BitShares (BTS) - 6 months

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 6 months, starting on August 26th, 2020 to February 25th, 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 08/26/2020 and 02/25/2021.

According to the performance of BitShares between August 26th, 2020 and February 25th, 2021, BitShares performed the best on Thursdays. On average, the price of BitShares increased 4.70% on Thursday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.87%.

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 -0.21%. However, the standard deviation on this weekday is 1.57%. This means that on most Sundays, the change in value of the BitShares is between -1.78% and 1.37%.

Allthough the BitShares decreases in value with -0.58% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Mondays is 2.67%. This means that the expected change of the value of BitShares is between -3.25% and 2.09% on 68 out of 100 Mondays.

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 -0.26%. However, the standard deviation on this weekday is 1.56%. This means that on most Tuesdays, the change in value of the BitShares is between -1.82% and 1.31%.

It is hard to tell whether the BitShares will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the BitShares is -0.13%. However, the standard deviation on this weekday is 2.52%. This means that on most Wednesdays, the change in value of the BitShares is between -2.64% and 2.39%.

The increase in value of the BitShares is 4.70% on an average Thursday. However, the uncertainty on the average change is high for the BitShares on Thursdays. This is the reason why an expected increase of the BitShares on an average Thursday cannot be predicted. The standard deviation for BitShares on Thursdays is high, namely 22.21%. This means that the expected range of value change for the BitShares is -17.51% and 26.90% on 68% of the Thursdays.

On Fridays, the BitShares decreases in value on average with -0.87%. On most of the Fridays the BitShares decreases in value between -6.79% and 5.05%. The uncertainty (5.92%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the BitShares on Fridays is large.

Historical performance on Saturday 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 Saturday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the BitShares on a Saturday is between -3.69% and 5.19% (see also the table below).

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 -0.21% 1.57% -1.78% to 1.37%
Monday -0.58% 2.67% -3.25% to 2.09%
Tuesday -0.26% 1.56% -1.82% to 1.31%
Wednesday -0.13% 2.52% -2.64% to 2.39%
Thursday 4.70% 22.21% -17.51% to 26.90%
Friday -0.87% 5.92% -6.79% to 5.05%
Saturday 0.75% 4.44% -3.69% to 5.19%
 

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