Qtum (QTUM)

Current price: $ 6.59

24 hours price change: $ 0.008000 (0.12%)

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 January 29th, 2021 to July 29th, 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 01/29/2021 and 07/29/2021.

According to the performance of Qtum between January 29th, 2021 and July 29th, 2021, Qtum performed the best on Wednesdays. On average, the price of Qtum increased 1.08% on Wednesday.

The weekday on which the Qtum performed the worst, is Friday. On Fridays, the Qtum declined in value on average by -0.86%.

Qtum weekday performance

Allthough the Qtum decreases in value with -0.36% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Sundays is 2.37%. This means that the expected change of the value of Qtum is between -2.74% and 2.01% on 68 out of 100 Sundays.

Historical performance on Monday 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 Monday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Monday is between -3.47% and 5.34% (see also the table below).

Historical performance on Tuesday 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 Tuesday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Tuesday is between -3.31% and 5.03% (see also the table below).

On an average Wednesday the Qtum shows an increase in value of 1.08%. However, the change of Qtum on most of the Wednesdays is between -3.10% and 5.26%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Qtums.

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 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Thursday is between -2.69% and 4.07% (see also the table below).

On Fridays, the Qtum decreases in value on average with -0.86%. On most of the Fridays the Qtum decreases in value between -5.02% and 3.29%. The uncertainty (4.16%) is higher than the average decline percentage (-0.86%). Therefore, expected range of price changes of the Qtum on Fridays is large.

Qtum increased in value on an average Saturday only slightly. The average increase in value of the Qtum was 0.11%. 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 (2.46%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -2.36% and 2.57%.

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 -0.36% 2.37% -2.74% to 2.01%
Monday 0.93% 4.41% -3.47% to 5.34%
Tuesday 0.86% 4.17% -3.31% to 5.03%
Wednesday 1.08% 4.18% -3.10% to 5.26%
Thursday 0.69% 3.38% -2.69% to 4.07%
Friday -0.86% 4.16% -5.02% to 3.29%
Saturday 0.11% 2.46% -2.36% to 2.57%
 

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