Factom (FCT)

Current price: $ 0.30

24 hours price change: $ -0.02 (-5.77%)

Daily analysis of Factom (FCT) - 6 months

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 6 months, starting on November 24th, 2021 to May 24th, 2022.

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

Average daily change in price of Factom per weekday between 11/24/2021 and 05/24/2022.

According to the performance of Factom between November 24th, 2021 and May 24th, 2022, Factom performed the best on Fridays. On average, the price of Factom increased 0.97% on Friday.

The weekday on which the Factom performed the worst, is Monday. On Mondays, the Factom declined in value on average by -0.93%.

Factom weekday performance

It is hard to tell whether the Factom will increase or decrease in value on an average Sunday. The average change on a Sunday for the Factom is -0.14%. However, the standard deviation on this weekday is 2.76%. This means that on most Sundays, the change in value of the Factom is between -2.90% and 2.63%.

On Mondays, the Factom decreases in value on average with -0.93%. On most of the Mondays the Factom decreases in value between -3.29% and 1.43%. The uncertainty (2.36%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the Factom on Mondays is large.

Allthough the Factom decreases in value with -0.55% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Tuesdays is 3.37%. This means that the expected change of the value of Factom is between -3.92% and 2.82% on 68 out of 100 Tuesdays.

Factom increased in value on an average Wednesday only slightly. The average increase in value of the Factom was 0.19%. 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 (2.35%). This means that on 68 percent of the Wednesdays, the change in price of the Factom is expected to be in the range of -2.16% and 2.54%.

It is hard to tell whether the Factom will increase or decrease in value on an average Thursday. The average change on a Thursday for the Factom is -0.21%. However, the standard deviation on this weekday is 4.89%. This means that on most Thursdays, the change in value of the Factom is between -5.10% and 4.68%.

Historical performance on Friday 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 Friday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Friday is between -10.78% and 12.72% (see also the table below).

Factom increased in value on an average Saturday only slightly. The average increase in value of the Factom was 0.28%. 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 (3.88%). This means that on 68 percent of the Saturdays, the change in price of the Factom is expected to be in the range of -3.60% and 4.16%.

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 -0.14% 2.76% -2.90% to 2.63%
Monday -0.93% 2.36% -3.29% to 1.43%
Tuesday -0.55% 3.37% -3.92% to 2.82%
Wednesday 0.19% 2.35% -2.16% to 2.54%
Thursday -0.21% 4.89% -5.10% to 4.68%
Friday 0.97% 11.75% -10.78% to 12.72%
Saturday 0.28% 3.88% -3.60% to 4.16%
 

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