Qtum (QTUM)

Current price: $ 3.98

24 hours price change: $ -0.06 (-1.39%)

Daily analysis of Qtum (QTUM) - 1 year

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 year, starting on August 16th, 2021 to August 16th, 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 08/16/2021 and 08/16/2022.

According to the performance of Qtum between August 16th, 2021 and August 16th, 2022, Qtum performed the best on Sundays. On average, the price of Qtum increased 0.44% on Sunday.

The weekday on which the Qtum performed the worst, is Monday. On Mondays, the Qtum declined in value on average by -0.51%.

Qtum weekday performance

On an average Sunday, the Qtum increased 0.44%. However, since the expected deviation is 3.04%, the Qtum will decline in value on a Sunday quiet regularly. The expected price change of the Qtum on a Sunday is between -2.60% and 3.48%.

Allthough the Qtum decreases in value with -0.51% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Mondays is 1.37%. This means that the expected change of the value of Qtum is between -1.89% and 0.86% on 68 out of 100 Mondays.

It is hard to tell whether the Qtum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Qtum is -0.03%. However, the standard deviation on this weekday is 1.48%. This means that on most Tuesdays, the change in value of the Qtum is between -1.50% and 1.45%.

On an average Wednesday, the Qtum increased 0.39%. However, since the expected deviation is 2.45%, the Qtum will decline in value on a Wednesday quiet regularly. The expected price change of the Qtum on a Wednesday is between -2.07% and 2.84%.

Qtum increased in value on an average Thursday 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 (2.26%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of -2.14% and 2.39%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Friday. The average change on a Friday for the Qtum is -0.11%. However, the standard deviation on this weekday is 1.65%. This means that on most Fridays, the change in value of the Qtum is between -1.77% and 1.54%.

Qtum increased in value on an average Saturday only slightly. The average increase in value of the Qtum was 0.10%. 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 (1.91%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -1.81% and 2.01%.

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 0.44% 3.04% -2.60% to 3.48%
Monday -0.51% 1.37% -1.89% to 0.86%
Tuesday -0.03% 1.48% -1.50% to 1.45%
Wednesday 0.39% 2.45% -2.07% to 2.84%
Thursday 0.12% 2.26% -2.14% to 2.39%
Friday -0.11% 1.65% -1.77% to 1.54%
Saturday 0.10% 1.91% -1.81% to 2.01%
 

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