Qtum (QTUM)

Current price: $ 18.06

24 hours price change: $ 3.55 (24.50%)

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 April 6th, 2021 to May 6th, 2021.

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 04/06/2021 and 05/06/2021.

According to the performance of Qtum between April 6th, 2021 and May 6th, 2021, Qtum performed the best on Mondays. On average, the price of Qtum increased 4.38% on Monday.

The weekday on which the Qtum performed the worst, is Wednesday. On Wednesdays, the Qtum declined in value on average by -0.66%.

Qtum weekday performance

It is hard to tell whether the Qtum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Qtum is -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Sundays, the change in value of the Qtum is between -0.04% and 0.01%.

The increase in value of the Qtum is 4.38% on an average Monday. However, the uncertainty on the average change is high for the Qtum on Mondays. This is the reason why an expected increase of the Qtum on an average Monday cannot be predicted. The standard deviation for Qtum on Mondays is high, namely 7.53%. This means that the expected range of value change for the Qtum is -3.15% and 11.91% on 68% of the Mondays.

On an average Tuesday the Qtum shows an increase in value of 1.36%. However, the change of Qtum on most of the Tuesdays is between -1.17% and 3.89%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Qtums.

On Wednesdays, the Qtum decreases in value on average with -0.66%. On most of the Wednesdays the Qtum decreases in value between -2.18% and 0.86%. The uncertainty (1.52%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Qtum on Wednesdays is large.

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 -0.18%. However, the standard deviation on this weekday is 0.51%. This means that on most Thursdays, the change in value of the Qtum is between -0.69% and 0.33%.

On an average Friday the Qtum shows an increase in value of 1.37%. However, the change of Qtum on most of the Fridays is between -1.18% and 3.92%. Therefore it is hard to tell whether an average Friday is a good day to start buying Qtums.

Qtum increased in value on an average Saturday only slightly. The average increase in value of the Qtum was 0.02%. 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 (0.03%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -0.01% and 0.05%.

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 -0.02% 0.03% -0.04% to 0.01%
Monday 4.38% 7.53% -3.15% to 11.91%
Tuesday 1.36% 2.53% -1.17% to 3.89%
Wednesday -0.66% 1.52% -2.18% to 0.86%
Thursday -0.18% 0.51% -0.69% to 0.33%
Friday 1.37% 2.55% -1.18% to 3.92%
Saturday 0.02% 0.03% -0.01% to 0.05%
 

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