Electroneum (ETN)

Current price: $ 0.01

24 hours price change: $ -0.000157 (-1.41%)

Daily analysis of Electroneum (ETN) - 6 months

The performance of Electroneum regarding the price differs every day. To make the best decision to buy Electroneum, we are analysis in this article the performance of Electroneum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on September 2nd, 2020 to March 2nd, 2021.

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

Average daily change in price of Electroneum per weekday between 09/02/2020 and 03/02/2021.

According to the performance of Electroneum between September 2nd, 2020 and March 2nd, 2021, Electroneum performed the best on Thursdays. On average, the price of Electroneum increased 1.05% on Thursday.

The weekday on which the Electroneum performed the worst, is Monday. On Mondays, the Electroneum declined in value on average by -0.58%.

Electroneum weekday performance

Electroneum increased in value on an average Sunday only slightly. The average increase in value of the Electroneum was 0.11%. Allthough the Electroneum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.40%). This means that on 68 percent of the Sundays, the change in price of the Electroneum is expected to be in the range of -2.29% and 2.52%.

Allthough the Electroneum decreases in value with -0.58% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Electroneum on Mondays is 3.32%. This means that the expected change of the value of Electroneum is between -3.91% and 2.74% on 68 out of 100 Mondays.

Electroneum increased in value on an average Tuesday only slightly. The average increase in value of the Electroneum was 0.05%. Allthough the Electroneum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.75%). This means that on 68 percent of the Tuesdays, the change in price of the Electroneum is expected to be in the range of -1.71% and 1.80%.

Allthough the Electroneum decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Electroneum on Wednesdays is 4.35%. This means that the expected change of the value of Electroneum is between -4.66% and 4.04% on 68 out of 100 Wednesdays.

On an average Thursday the Electroneum shows an increase in value of 1.05%. However, the change of Electroneum on most of the Thursdays is between -2.15% and 4.26%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Electroneums.

Allthough the Electroneum decreases in value with -0.55% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Electroneum on Fridays is 3.83%. This means that the expected change of the value of Electroneum is between -4.37% and 3.28% on 68 out of 100 Fridays.

Historical performance on Saturday do not show an increase in value of the Electroneum on which a prediction can be made. The Electroneum increased in value on average on an average Saturday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Electroneum on a Saturday is between -1.74% and 3.55% (see also the table below).

Electroneum weekday performance details

Find below the details of the performance of Electroneum 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 0.11% 2.40% -2.29% to 2.52%
Monday -0.58% 3.32% -3.91% to 2.74%
Tuesday 0.05% 1.75% -1.71% to 1.80%
Wednesday -0.31% 4.35% -4.66% to 4.04%
Thursday 1.05% 3.21% -2.15% to 4.26%
Friday -0.55% 3.83% -4.37% to 3.28%
Saturday 0.90% 2.64% -1.74% to 3.55%
 

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