Qtum (QTUM)

Current price: $ 3.96

24 hours price change: $ -0.06 (-1.44%)

Daily analysis of Qtum (QTUM) - 6 months

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 6 months, starting on February 16th, 2022 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 02/16/2022 and 08/16/2022.

According to the performance of Qtum between February 16th, 2022 and August 16th, 2022, Qtum performed the best on Wednesdays. On average, the price of Qtum increased 0.27% on Wednesday.

The weekday on which the Qtum performed the worst, is Friday. On Fridays, the Qtum declined in value on average by -0.44%.

Qtum weekday performance

Qtum increased in value on an average Sunday only slightly. The average increase in value of the Qtum was 0.05%. 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 (0.73%). This means that on 68 percent of the Sundays, the change in price of the Qtum is expected to be in the range of -0.68% and 0.78%.

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 -0.16%. However, the standard deviation on this weekday is 0.73%. This means that on most Mondays, the change in value of the Qtum is between -0.89% and 0.57%.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.23%. 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 (0.69%). This means that on 68 percent of the Tuesdays, the change in price of the Qtum is expected to be in the range of -0.46% and 0.93%.

Qtum increased in value on an average Wednesday only slightly. The average increase in value of the Qtum was 0.27%. 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 (1.38%). This means that on 68 percent of the Wednesdays, the change in price of the Qtum is expected to be in the range of -1.10% and 1.65%.

Qtum increased in value on an average Thursday 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 (0.58%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of -0.56% and 0.60%.

Allthough the Qtum decreases in value with -0.44% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Fridays is 1.18%. This means that the expected change of the value of Qtum is between -1.62% and 0.73% on 68 out of 100 Fridays.

It is hard to tell whether the Qtum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Qtum is -0.10%. However, the standard deviation on this weekday is 2.11%. This means that on most Saturdays, the change in value of the Qtum is between -2.20% 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 0.05% 0.73% -0.68% to 0.78%
Monday -0.16% 0.73% -0.89% to 0.57%
Tuesday 0.23% 0.69% -0.46% to 0.93%
Wednesday 0.27% 1.38% -1.10% to 1.65%
Thursday 0.02% 0.58% -0.56% to 0.60%
Friday -0.44% 1.18% -1.62% to 0.73%
Saturday -0.10% 2.11% -2.20% to 2.01%
 

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