BitShares (BTS)

Current price: $ 0.02

24 hours price change: $ -0.001239 (-5.55%)

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 July 24th, 2021 to January 24th, 2022.

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 07/24/2021 and 01/24/2022.

According to the performance of BitShares between July 24th, 2021 and January 24th, 2022, BitShares performed the best on Wednesdays. On average, the price of BitShares increased 0.66% on Wednesday.

The weekday on which the BitShares performed the worst, is Tuesday. On Tuesdays, the BitShares declined in value on average by -0.47%.

BitShares weekday performance

BitShares increased in value on an average Sunday only slightly. The average increase in value of the BitShares was 0.12%. 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 (1.17%). This means that on 68 percent of the Sundays, the change in price of the BitShares is expected to be in the range of -1.05% and 1.28%.

Allthough the BitShares decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Mondays is 0.94%. This means that the expected change of the value of BitShares is between -1.32% and 0.56% on 68 out of 100 Mondays.

Allthough the BitShares decreases in value with -0.47% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Tuesdays is 2.33%. This means that the expected change of the value of BitShares is between -2.80% and 1.87% on 68 out of 100 Tuesdays.

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 -2.24% and 3.55% (see also the table below).

It is hard to tell whether the BitShares will increase or decrease in value on an average Thursday. The average change on a Thursday for the BitShares is -0.11%. However, the standard deviation on this weekday is 1.95%. This means that on most Thursdays, the change in value of the BitShares is between -2.06% and 1.85%.

On an average Friday, the BitShares increased 0.30%. However, since the expected deviation is 1.57%, the BitShares will decline in value on a Friday quiet regularly. The expected price change of the BitShares on a Friday is between -1.26% and 1.87%.

On an average Saturday, the BitShares increased 0.51%. However, since the expected deviation is 1.27%, the BitShares will decline in value on a Saturday quiet regularly. The expected price change of the BitShares on a Saturday is between -0.75% and 1.78%.

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 0.12% 1.17% -1.05% to 1.28%
Monday -0.38% 0.94% -1.32% to 0.56%
Tuesday -0.47% 2.33% -2.80% to 1.87%
Wednesday 0.66% 2.90% -2.24% to 3.55%
Thursday -0.11% 1.95% -2.06% to 1.85%
Friday 0.30% 1.57% -1.26% to 1.87%
Saturday 0.51% 1.27% -0.75% to 1.78%
 

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