BitShares (BTS)

Current price: $ 0.03

24 hours price change: $ 0.000461 (1.86%)

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 January 11th, 2020 to July 10th, 2020.

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 01/11/2020 and 07/10/2020.

According to the performance of BitShares between January 11th, 2020 and July 10th, 2020, BitShares performed the best on Saturdays. On average, the price of BitShares increased 0.43% on Saturday.

The weekday on which the BitShares performed the worst, is Wednesday. On Wednesdays, the BitShares declined in value on average by -0.04%.

BitShares weekday performance

On an average Sunday, the BitShares increased 0.32%. However, since the expected deviation is 1.54%, the BitShares will decline in value on a Sunday quiet regularly. The expected price change of the BitShares on a Sunday is between -1.22% and 1.86%.

BitShares increased in value on an average Monday only slightly. The average increase in value of the BitShares was 0.27%. 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 (0.82%). This means that on 68 percent of the Mondays, the change in price of the BitShares is expected to be in the range of -0.55% and 1.09%.

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 -0.02%. However, the standard deviation on this weekday is 0.52%. This means that on most Tuesdays, the change in value of the BitShares is between -0.54% and 0.50%.

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 -0.04%. However, the standard deviation on this weekday is 1.06%. This means that on most Wednesdays, the change in value of the BitShares is between -1.10% and 1.03%.

BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.00%. 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 (1.06%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -1.06% and 1.06%.

BitShares increased in value on an average Friday 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 (1.04%). This means that on 68 percent of the Fridays, the change in price of the BitShares is expected to be in the range of -1.02% and 1.06%.

On an average Saturday, the BitShares increased 0.43%. However, since the expected deviation is 1.87%, the BitShares will decline in value on a Saturday quiet regularly. The expected price change of the BitShares on a Saturday is between -1.44% and 2.30%.

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 0.32% 1.54% -1.22% to 1.86%
Monday 0.27% 0.82% -0.55% to 1.09%
Tuesday -0.02% 0.52% -0.54% to 0.50%
Wednesday -0.04% 1.06% -1.10% to 1.03%
Thursday 0.00% 1.06% -1.06% to 1.06%
Friday 0.02% 1.04% -1.02% to 1.06%
Saturday 0.43% 1.87% -1.44% to 2.30%
 

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