Qtum (QTUM)

Current price: $ 17.94

24 hours price change: $ 3.21 (21.82%)

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 November 6th, 2020 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 11/06/2020 and 05/06/2021.

According to the performance of Qtum between November 6th, 2020 and May 6th, 2021, Qtum performed the best on Fridays. On average, the price of Qtum increased 1.75% on Friday.

The weekday on which the Qtum performed the worst, is Sunday. On Sundays, the Qtum declined in value on average by -0.95%.

Qtum weekday performance

On Sundays, the Qtum decreases in value on average with -0.95%. On most of the Sundays the Qtum decreases in value between -3.44% and 1.55%. The uncertainty (2.49%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Qtum on Sundays is large.

On an average Monday, the Qtum increased 0.56%. However, since the expected deviation is 4.40%, the Qtum will decline in value on a Monday quiet regularly. The expected price change of the Qtum on a Monday is between -3.84% and 4.96%.

Allthough the Qtum decreases in value with -0.31% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Tuesdays is 2.65%. This means that the expected change of the value of Qtum is between -2.96% and 2.34% on 68 out of 100 Tuesdays.

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 -0.20%. However, the standard deviation on this weekday is 3.97%. This means that on most Wednesdays, the change in value of the Qtum is between -4.16% and 3.77%.

Qtum increased in value on an average Thursday only slightly. The average increase in value of the Qtum was 0.18%. 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 (1.97%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of -1.79% and 2.15%.

On an average Friday the Qtum shows an increase in value of 1.75%. However, the change of Qtum on most of the Fridays is between -5.16% and 8.66%. Therefore it is hard to tell whether an average Friday is a good day to start buying Qtums.

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 -0.21%. However, the standard deviation on this weekday is 2.75%. This means that on most Saturdays, the change in value of the Qtum is between -2.96% and 2.53%.

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 -0.95% 2.49% -3.44% to 1.55%
Monday 0.56% 4.40% -3.84% to 4.96%
Tuesday -0.31% 2.65% -2.96% to 2.34%
Wednesday -0.20% 3.97% -4.16% to 3.77%
Thursday 0.18% 1.97% -1.79% to 2.15%
Friday 1.75% 6.91% -5.16% to 8.66%
Saturday -0.21% 2.75% -2.96% to 2.53%
 

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