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 year, starting on September 23rd, 2022 to September 23rd, 2023.
In the barchart below, the weekdays and average performance of Factom are shown side by side.
According to the performance of Factom between September 23rd, 2022 and September 23rd, 2023, Factom performed the best on Fridays. On average, the price of Factom increased 8.15% on Friday.
The weekday on which the Factom performed the worst, is Wednesday. On Wednesdays, the Factom rose in value on average by 1.69%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.
Factom weekday performance
On an average Sunday the Factom shows an increase in value of 1.94%. However, the change of Factom on most of the Sundays is between -10.65% and 14.54%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Factoms.
On an average Monday the Factom shows an increase in value of 1.82%. However, the change of Factom on most of the Mondays is between -10.80% and 14.43%. Therefore it is hard to tell whether an average Monday is a good day to start buying Factoms.
On an average Tuesday the Factom shows an increase in value of 2.59%. However, the change of Factom on most of the Tuesdays is between -10.18% and 15.37%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Factoms.
On an average Wednesday the Factom shows an increase in value of 1.69%. However, the change of Factom on most of the Wednesdays is between -12.57% and 15.94%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Factoms.
On an average Thursday the Factom shows an increase in value of 1.92%. However, the change of Factom on most of the Thursdays is between -10.71% and 14.55%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Factoms.
The increase in value of the Factom is 8.15% on an average Friday. However, the uncertainty on the average change is high for the Factom on Fridays. This is the reason why an expected increase of the Factom on an average Friday cannot be predicted. The standard deviation for Factom on Fridays is high, namely 65.05%. This means that the expected range of value change for the Factom is -56.90% and 73.19% on 68% of the Fridays.
On an average Saturday the Factom shows an increase in value of 2.17%. However, the change of Factom on most of the Saturdays is between -10.44% and 14.78%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Factoms.
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 | 1.94% | 12.60% | -10.65% to 14.54% |
| Monday | 1.82% | 12.61% | -10.80% to 14.43% |
| Tuesday | 2.59% | 12.77% | -10.18% to 15.37% |
| Wednesday | 1.69% | 14.25% | -12.57% to 15.94% |
| Thursday | 1.92% | 12.63% | -10.71% to 14.55% |
| Friday | 8.15% | 65.05% | -56.90% to 73.19% |
| Saturday | 2.17% | 12.61% | -10.44% to 14.78% |