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 year, starting on January 26th, 2021 to January 26th, 2022.
In the barchart below, the weekdays and average performance of Bytom are shown side by side.
According to the performance of Bytom between January 26th, 2021 and January 26th, 2022, Bytom performed the best on Fridays. On average, the price of Bytom increased 1.78% on Friday.
The weekday on which the Bytom performed the worst, is Thursday. On Thursdays, the Bytom declined in value on average by -0.44%.
Bytom weekday performance
On an average Sunday, the Bytom increased 0.40%. However, since the expected deviation is 2.68%, the Bytom will decline in value on a Sunday quiet regularly. The expected price change of the Bytom on a Sunday is between -2.28% and 3.08%.
Bytom increased in value on an average Monday only slightly. The average increase in value of the Bytom was 0.19%. 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 (3.54%). This means that on 68 percent of the Mondays, the change in price of the Bytom is expected to be in the range of -3.34% and 3.73%.
Historical performance on Tuesday do not show an increase in value of the Bytom on which a prediction can be made. The Bytom increased in value on average on an average Tuesday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Bytom on a Tuesday is between -5.25% and 6.72% (see also the table below).
Historical performance on Wednesday do not show an increase in value of the Bytom on which a prediction can be made. The Bytom increased in value on average on an average Wednesday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Bytom on a Wednesday is between -3.61% and 5.55% (see also the table below).
Allthough the Bytom decreases in value with -0.44% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytom on Thursdays is 6.39%. This means that the expected change of the value of Bytom is between -6.82% and 5.95% on 68 out of 100 Thursdays.
On an average Friday the Bytom shows an increase in value of 1.78%. However, the change of Bytom on most of the Fridays is between -7.85% and 11.40%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytoms.
It is hard to tell whether the Bytom will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bytom is -0.15%. However, the standard deviation on this weekday is 3.43%. This means that on most Saturdays, the change in value of the Bytom is between -3.58% and 3.28%.
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||0.40%||2.68%||-2.28% to 3.08%|
|Monday||0.19%||3.54%||-3.34% to 3.73%|
|Tuesday||0.74%||5.98%||-5.25% to 6.72%|
|Wednesday||0.97%||4.58%||-3.61% to 5.55%|
|Thursday||-0.44%||6.39%||-6.82% to 5.95%|
|Friday||1.78%||9.63%||-7.85% to 11.40%|
|Saturday||-0.15%||3.43%||-3.58% to 3.28%|