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 1 month, starting on April 28th, 2023 to May 28th, 2023.
In the barchart below, the weekdays and average performance of Factom are shown side by side.
According to the performance of Factom between April 28th, 2023 and May 28th, 2023, Factom performed the best on Fridays. On average, the price of Factom increased 0.02% on Friday.
The weekday on which the Factom performed the worst, is Tuesday. On Tuesdays, the Factom declined in value on average by -0.03%.
Factom weekday performance
Factom increased in value on an average Sunday only slightly. The average increase in value of the Factom was 0.01%. 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 (0.02%). This means that on 68 percent of the Sundays, the change in price of the Factom is expected to be in the range of -0.01% and 0.03%.
It is hard to tell whether the Factom will increase or decrease in value on an average Monday. The average change on a Monday for the Factom is -0.01%. However, the standard deviation on this weekday is 0.05%. This means that on most Mondays, the change in value of the Factom is between -0.05% and 0.04%.
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 -0.03%. However, the standard deviation on this weekday is 0.04%. This means that on most Tuesdays, the change in value of the Factom is between -0.07% and 0.02%.
Factom increased in value on an average Wednesday only slightly. The average increase in value of the Factom was 0.01%. 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 (0.02%). This means that on 68 percent of the Wednesdays, the change in price of the Factom is expected to be in the range of -0.01% and 0.03%.
Factom increased in value on an average Thursday only slightly. The average increase in value of the Factom was 0.01%. 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 (0.01%). This means that on 68 percent of the Thursdays, the change in price of the Factom is expected to be in the range of 0.00% and 0.03%.
The Factom will almost not change or only slightly increase in value on an average Friday. The average change of the Factom on Fridays is 0.02%. The standard deviation of the Factom is 0.01%, which means that in 68% of the Fridays, the range of the change of the Factom is 0.01% and 0.03%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
Factom increased in value on an average Saturday only slightly. The average increase in value of the Factom was 0.00%. 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 (0.03%). This means that on 68 percent of the Saturdays, the change in price of the Factom is expected to be in the range of -0.03% and 0.03%.
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 | 0.01% | 0.02% | -0.01% to 0.03% |
| Monday | -0.01% | 0.05% | -0.05% to 0.04% |
| Tuesday | -0.03% | 0.04% | -0.07% to 0.02% |
| Wednesday | 0.01% | 0.02% | -0.01% to 0.03% |
| Thursday | 0.01% | 0.01% | 0.00% to 0.03% |
| Friday | 0.02% | 0.01% | 0.01% to 0.03% |
| Saturday | 0.00% | 0.03% | -0.03% to 0.03% |