Qtum (QTUM)

Current price: $ 2.77

24 hours price change: $ -0.17 (-5.83%)

Daily analysis of Qtum (QTUM) - 1 month

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 1 month, starting on August 28th, 2022 to September 28th, 2022.

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 08/28/2022 and 09/28/2022.

According to the performance of Qtum between August 28th, 2022 and September 28th, 2022, Qtum performed the best on Fridays. On average, the price of Qtum increased 0.08% on Friday.

The weekday on which the Qtum performed the worst, is Wednesday. On Wednesdays, the Qtum declined in value on average by -2.18%.

Qtum weekday performance

The Qtum will almost not change or only slightly increase in value on an average Sunday. The average change of the Qtum on Sundays is 0.03%. The standard deviation of the Qtum is 0.01%, which means that in 68% of the Sundays, the range of the change of the Qtum is 0.01% and 0.04%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Qtum will increase or decrease in value on an average Monday. The average change on a Monday for the Qtum is -0.01%. However, the standard deviation on this weekday is 0.03%. This means that on most Mondays, the change in value of the Qtum is between -0.04% and 0.03%.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.07%. 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 (0.27%). This means that on 68 percent of the Tuesdays, the change in price of the Qtum is expected to be in the range of -0.20% and 0.35%.

The Qtum declines in value on an average Wednesday with -2.18%. However, the uncertainty (or standard deviation) is quite large, namely 4.34%. This means that it is not possible to say whether on a regular Wednesday the Qtum will increase or decrease in value.

It is hard to tell whether the Qtum will increase or decrease in value on an average Thursday. The average change on a Thursday for the Qtum is -0.03%. However, the standard deviation on this weekday is 0.08%. This means that on most Thursdays, the change in value of the Qtum is between -0.11% and 0.05%.

The Qtum will almost not change or only slightly increase in value on an average Friday. The average change of the Qtum on Fridays is 0.08%. The standard deviation of the Qtum is 0.07%, which means that in 68% of the Fridays, the range of the change of the Qtum is 0.01% and 0.14%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Qtum increased in value on an average Saturday only slightly. The average increase in value of the Qtum was 0.03%. 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 (0.05%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -0.02% and 0.08%.

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 0.03% 0.01% 0.01% to 0.04%
Monday -0.01% 0.03% -0.04% to 0.03%
Tuesday 0.07% 0.27% -0.20% to 0.35%
Wednesday -2.18% 4.34% -6.52% to 2.16%
Thursday -0.03% 0.08% -0.11% to 0.05%
Friday 0.08% 0.07% 0.01% to 0.14%
Saturday 0.03% 0.05% -0.02% to 0.08%
 

About Us

: Financial indicators for cryptocurrencies