Qtum (QTUM)

Current price: $ 1.64

24 hours price change: $ 0.01 (0.67%)

Daily analysis of Qtum (QTUM) - all

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 July 1st, 2020.

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

Average daily change in price of Qtum per weekday between 07/20/2017 and 07/01/2020.

According to the performance of Qtum between July 20th, 2017 and July 1st, 2020, Qtum performed the best on Mondays. On average, the price of Qtum increased 1.51% on Monday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -0.82%.

Qtum weekday performance

Historical performance on Sunday do not show an increase in value of the Qtum on which a prediction can be made. The Qtum increased in value on average on an average Sunday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Sunday is between -7.54% and 9.20% (see also the table below).

On an average Monday the Qtum shows an increase in value of 1.51%. However, the change of Qtum on most of the Mondays is between -10.64% and 13.65%. Therefore it is hard to tell whether an average Monday is a good day to start buying Qtums.

On Tuesdays, the Qtum decreases in value on average with -0.82%. On most of the Tuesdays the Qtum decreases in value between -8.17% and 6.54%. The uncertainty (7.36%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Qtum on Tuesdays is large.

Historical performance on Wednesday do not show an increase in value of the Qtum on which a prediction can be made. The Qtum increased in value on average on an average Wednesday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Wednesday is between -9.47% and 10.68% (see also the table below).

On an average Thursday, the Qtum increased 0.58%. However, since the expected deviation is 13.28%, the Qtum will decline in value on a Thursday quiet regularly. The expected price change of the Qtum on a Thursday is between -12.70% and 13.85%.

Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.20%. 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 (7.49%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -7.29% and 7.68%.

Allthough the Qtum decreases in value with -0.39% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Saturdays is 6.39%. This means that the expected change of the value of Qtum is between -6.77% and 6.00% on 68 out of 100 Saturdays.

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 0.83% 8.37% -7.54% to 9.20%
Monday 1.51% 12.15% -10.64% to 13.65%
Tuesday -0.82% 7.36% -8.17% to 6.54%
Wednesday 0.61% 10.08% -9.47% to 10.68%
Thursday 0.58% 13.28% -12.70% to 13.85%
Friday 0.20% 7.49% -7.29% to 7.68%
Saturday -0.39% 6.39% -6.77% to 6.00%
 

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