The performance of Bytom regarding the price differs every day. To make the best decision to buy Bytom, we are analysis in this article the performance of Bytom on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 24th, 2022 to May 24th, 2022.
In the barchart below, the weekdays and average performance of Bytom are shown side by side.
According to the performance of Bytom between April 24th, 2022 and May 24th, 2022, Bytom performed the best on Tuesdays. On average, the price of Bytom increased 0.12% on Tuesday.
The weekday on which the Bytom performed the worst, is Saturday. On Saturdays, the Bytom declined in value on average by -4.47%.
Bytom weekday performance
It is hard to tell whether the Bytom will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bytom is -0.06%. However, the standard deviation on this weekday is 0.12%. This means that on most Sundays, the change in value of the Bytom is between -0.18% and 0.06%.
On Mondays, the Bytom decreases in value on average with -0.65%. On most of the Mondays the Bytom decreases in value between -1.89% and 0.58%. The uncertainty (1.24%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Bytom on Mondays is large.
The Bytom will almost not change or only slightly increase in value on an average Tuesday. The average change of the Bytom on Tuesdays is 0.12%. The standard deviation of the Bytom is 0.11%, which means that in 68% of the Tuesdays, the range of the change of the Bytom is 0.01% and 0.23%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
It is hard to tell whether the Bytom will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bytom is -0.02%. However, the standard deviation on this weekday is 0.05%. This means that on most Wednesdays, the change in value of the Bytom is between -0.07% and 0.03%.
Bytom increased in value on an average Thursday only slightly. The average increase in value of the Bytom was 0.12%. Allthough the Bytom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.22%). This means that on 68 percent of the Thursdays, the change in price of the Bytom is expected to be in the range of -0.11% and 0.34%.
The Bytom declines in value on an average Friday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 1.25%. This means that it is not possible to say whether on a regular Friday the Bytom will increase or decrease in value.
The decrease in value of the Bytom is -4.47% on an average Saturday. The uncertainty of the average change is high for the Bytom on Saturdays. This means that it is hard to tell whether the Bytom will decrease or increase in value on an average Saturday. If we look at the 68% range of the Bytom, we see that on 68% of the Saturdays, the expected change of the Bytom is between -11.00% and 2.06%.
Bytom weekday performance details
Find below the details of the performance of Bytom 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||-0.06%||0.12%||-0.18% to 0.06%|
|Monday||-0.65%||1.24%||-1.89% to 0.58%|
|Tuesday||0.12%||0.11%||0.01% to 0.23%|
|Wednesday||-0.02%||0.05%||-0.07% to 0.03%|
|Thursday||0.12%||0.22%||-0.11% to 0.34%|
|Friday||-1.17%||1.25%||-2.43% to 0.08%|
|Saturday||-4.47%||6.53%||-11.00% to 2.06%|