Qtum (QTUM)

Current price: $ 5.51

24 hours price change: $ 0.25 (4.68%)

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 December 25th, 2021 to January 25th, 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 12/25/2021 and 01/25/2022.

According to the performance of Qtum between December 25th, 2021 and January 25th, 2022, Qtum performed the best on Saturdays. On average, the price of Qtum increased 1.30% on Saturday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -0.60%.

Qtum weekday performance

Qtum increased in value on an average Sunday only slightly. The average increase in value of the Qtum was 0.14%. 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 (1.63%). This means that on 68 percent of the Sundays, the change in price of the Qtum is expected to be in the range of -1.49% and 1.77%.

Allthough the Qtum decreases in value with -0.35% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Mondays is 0.51%. This means that the expected change of the value of Qtum is between -0.87% and 0.16% on 68 out of 100 Mondays.

Allthough the Qtum decreases in value with -0.60% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Tuesdays is 1.23%. This means that the expected change of the value of Qtum is between -1.83% and 0.63% on 68 out of 100 Tuesdays.

On an average Wednesday, the Qtum increased 0.42%. However, since the expected deviation is 0.49%, the Qtum will decline in value on a Wednesday quiet regularly. The expected price change of the Qtum on a Wednesday is between -0.08% and 0.91%.

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 -0.11%. However, the standard deviation on this weekday is 0.55%. This means that on most Thursdays, the change in value of the Qtum is between -0.65% and 0.44%.

Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.12%. 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 (1.11%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -0.99% and 1.23%.

On an average Saturday the Qtum shows a high increase in value, namely 1.30%. The standard deviation is below the average increase percentage (standard deviation is 0.66%), meaning that on 68% of the Saturdays the Qtum will increase with a percentage between 0.64% and 1.96%. This also means that, on average, on 16 percent of the Saturdays, the Qtum will increase with a percentage above this range. On the other 16% of the Saturdays, the Qtum will change with a percentage below the 0.64%.

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 0.14% 1.63% -1.49% to 1.77%
Monday -0.35% 0.51% -0.87% to 0.16%
Tuesday -0.60% 1.23% -1.83% to 0.63%
Wednesday 0.42% 0.49% -0.08% to 0.91%
Thursday -0.11% 0.55% -0.65% to 0.44%
Friday 0.12% 1.11% -0.99% to 1.23%
Saturday 1.30% 0.66% 0.64% to 1.96%
 

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