The performance of Factom regarding the price differs every day. To make the best decision to buy Factom, we are analysis in this article the performance of Factom on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 4th, 2015 to September 28th, 2022.
In the barchart below, the weekdays and average performance of Factom are shown side by side.
According to the performance of Factom between October 4th, 2015 and September 28th, 2022, Factom performed the best on Fridays. On average, the price of Factom increased 2.44% on Friday.
The weekday on which the Factom performed the worst, is Tuesday. On Tuesdays, the Factom declined in value on average by -0.13%.
Factom weekday performance
On an average Sunday the Factom shows an increase in value of 1.14%. However, the change of Factom on most of the Sundays is between -10.91% and 13.19%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Factoms.
On an average Monday, the Factom increased 0.44%. However, since the expected deviation is 9.38%, the Factom will decline in value on a Monday quiet regularly. The expected price change of the Factom on a Monday is between -8.94% and 9.83%.
It is hard to tell whether the Factom will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Factom is -0.13%. However, the standard deviation on this weekday is 7.68%. This means that on most Tuesdays, the change in value of the Factom is between -7.81% and 7.55%.
Factom increased in value on an average Wednesday only slightly. The average increase in value of the Factom was 0.11%. Allthough the Factom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.87%). This means that on 68 percent of the Wednesdays, the change in price of the Factom is expected to be in the range of -7.76% and 7.97%.
Factom increased in value on an average Thursday only slightly. The average increase in value of the Factom was 0.29%. Allthough the Factom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.52%). This means that on 68 percent of the Thursdays, the change in price of the Factom is expected to be in the range of -6.22% and 6.81%.
On an average Friday the Factom shows an increase in value of 2.44%. However, the change of Factom on most of the Fridays is between -23.22% and 28.10%. Therefore it is hard to tell whether an average Friday is a good day to start buying Factoms.
Historical performance on Saturday do not show an increase in value of the Factom on which a prediction can be made. The Factom increased in value on average on an average Saturday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Saturday is between -7.39% and 9.01% (see also the table below).
Factom weekday performance details
Find below the details of the performance of Factom 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||1.14%||12.05%||-10.91% to 13.19%|
|Monday||0.44%||9.38%||-8.94% to 9.83%|
|Tuesday||-0.13%||7.68%||-7.81% to 7.55%|
|Wednesday||0.11%||7.87%||-7.76% to 7.97%|
|Thursday||0.29%||6.52%||-6.22% to 6.81%|
|Friday||2.44%||25.66%||-23.22% to 28.10%|
|Saturday||0.81%||8.20%||-7.39% to 9.01%|