Qtum (QTUM)

Current price: $ 4.83

24 hours price change: $ 4.83 (inf%)

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 January 28th, 2021 to February 25th, 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 01/28/2021 and 02/25/2021.

According to the performance of Qtum between January 28th, 2021 and February 25th, 2021, Qtum performed the best on Thursdays. On average, the price of Qtum increased 0.99% on Thursday.

The weekday on which the Qtum performed the worst, is Monday. On Mondays, the Qtum declined in value on average by -3.45%.

Qtum weekday performance

The Qtum declines in value on an average Sunday with -1.97%. However, the uncertainty (or standard deviation) is quite large, namely 1.24%. This means that it is not possible to say whether on a regular Sunday the Qtum will increase or decrease in value.

The decrease in value of the Qtum is -3.45% on an average Monday. The uncertainty of the average change is high for the Qtum on Mondays. This means that it is hard to tell whether the Qtum will decrease or increase in value on an average Monday. If we look at the 68% range of the Qtum, we see that on 68% of the Mondays, the expected change of the Qtum is between -6.27% and -0.62%.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.22%. 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 (2.10%). This means that on 68 percent of the Tuesdays, the change in price of the Qtum is expected to be in the range of -1.88% and 2.33%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Qtum is 0.00%. However, the standard deviation on this weekday is 2.03%. This means that on most Wednesdays, the change in value of the Qtum is between -2.03% and 2.03%.

Historical performance on Thursday 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 Thursday with 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Thursday is between -0.39% and 2.37% (see also the table below).

On an average Friday, the Qtum increased 0.50%. However, since the expected deviation is 1.25%, the Qtum will decline in value on a Friday quiet regularly. The expected price change of the Qtum on a Friday is between -0.75% and 1.75%.

Qtum increased in value on an average Saturday 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 (2.87%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -2.67% and 3.07%.

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 -1.97% 1.24% -3.21% to -0.73%
Monday -3.45% 2.82% -6.27% to -0.62%
Tuesday 0.22% 2.10% -1.88% to 2.33%
Wednesday 0.00% 2.03% -2.03% to 2.03%
Thursday 0.99% 1.38% -0.39% to 2.37%
Friday 0.50% 1.25% -0.75% to 1.75%
Saturday 0.20% 2.87% -2.67% to 3.07%
 

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