Bytom (BTM)

Current price: $ 0.08

24 hours price change: $ 0.08 (inf%)

Daily analysis of Bytom (BTM) - 6 months

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 6 months, starting on August 27th, 2020 to February 25th, 2021.

In the barchart below, the weekdays and average performance of Bytom are shown side by side.

Average daily change in price of Bytom per weekday between 08/27/2020 and 02/25/2021.

According to the performance of Bytom between August 27th, 2020 and February 25th, 2021, Bytom performed the best on Thursdays. On average, the price of Bytom increased 1.26% on Thursday.

The weekday on which the Bytom performed the worst, is Monday. On Mondays, the Bytom declined in value on average by -0.77%.

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 -0.23%. However, the standard deviation on this weekday is 1.40%. This means that on most Sundays, the change in value of the Bytom is between -1.64% and 1.17%.

On Mondays, the Bytom decreases in value on average with -0.77%. On most of the Mondays the Bytom decreases in value between -3.00% and 1.47%. The uncertainty (2.24%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Bytom on Mondays is large.

Bytom increased in value on an average Tuesday only slightly. The average increase in value of the Bytom was 0.02%. 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 (1.52%). This means that on 68 percent of the Tuesdays, the change in price of the Bytom is expected to be in the range of -1.50% and 1.54%.

Allthough the Bytom decreases in value with -0.50% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytom on Wednesdays is 2.98%. This means that the expected change of the value of Bytom is between -3.48% and 2.48% on 68 out of 100 Wednesdays.

On an average Thursday the Bytom shows an increase in value of 1.26%. However, the change of Bytom on most of the Thursdays is between -2.75% and 5.26%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytoms.

Bytom increased in value on an average Friday only slightly. The average increase in value of the Bytom was 0.09%. 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 (1.61%). This means that on 68 percent of the Fridays, the change in price of the Bytom is expected to be in the range of -1.52% and 1.70%.

Historical performance on Saturday 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 Saturday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Bytom on a Saturday is between -1.16% and 2.40% (see also the table below).

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 -0.23% 1.40% -1.64% to 1.17%
Monday -0.77% 2.24% -3.00% to 1.47%
Tuesday 0.02% 1.52% -1.50% to 1.54%
Wednesday -0.50% 2.98% -3.48% to 2.48%
Thursday 1.26% 4.01% -2.75% to 5.26%
Friday 0.09% 1.61% -1.52% to 1.70%
Saturday 0.62% 1.78% -1.16% to 2.40%
 

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