The performance of Qtum regarding the price differs every day. To make the best decision to buy Qtum, we are analysis in this article the performance of Qtum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on July 20th, 2017 to January 25th, 2022.
In the barchart below, the weekdays and average performance of Qtum are shown side by side.
According to the performance of Qtum between July 20th, 2017 and January 25th, 2022, Qtum performed the best on Mondays. On average, the price of Qtum increased 1.00% on Monday.
The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -0.51%.
Qtum weekday performance
On an average Sunday, the Qtum increased 0.57%. However, since the expected deviation is 6.98%, the Qtum will decline in value on a Sunday quiet regularly. The expected price change of the Qtum on a Sunday is between -6.41% and 7.55%.
On an average Monday the Qtum shows an increase in value of 1.00%. However, the change of Qtum on most of the Mondays is between -8.98% and 10.98%. Therefore it is hard to tell whether an average Monday is a good day to start buying Qtums.
Allthough the Qtum decreases in value with -0.51% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Tuesdays is 6.20%. This means that the expected change of the value of Qtum is between -6.70% and 5.69% on 68 out of 100 Tuesdays.
On an average Wednesday, the Qtum increased 0.56%. However, since the expected deviation is 8.43%, the Qtum will decline in value on a Wednesday quiet regularly. The expected price change of the Qtum on a Wednesday is between -7.87% and 8.98%.
On an average Thursday, the Qtum increased 0.50%. However, since the expected deviation is 10.85%, the Qtum will decline in value on a Thursday quiet regularly. The expected price change of the Qtum on a Thursday is between -10.35% and 11.35%.
Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.24%. Allthough the Qtum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.64%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -6.40% and 6.88%.
It is hard to tell whether the Qtum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Qtum is -0.23%. However, the standard deviation on this weekday is 5.31%. This means that on most Saturdays, the change in value of the Qtum is between -5.54% and 5.09%.
Qtum weekday performance details
Find below the details of the performance of Qtum 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||0.57%||6.98%||-6.41% to 7.55%|
|Monday||1.00%||9.98%||-8.98% to 10.98%|
|Tuesday||-0.51%||6.20%||-6.70% to 5.69%|
|Wednesday||0.56%||8.43%||-7.87% to 8.98%|
|Thursday||0.50%||10.85%||-10.35% to 11.35%|
|Friday||0.24%||6.64%||-6.40% to 6.88%|
|Saturday||-0.23%||5.31%||-5.54% to 5.09%|