Ravencoin (RVN)

Current price: $ 0.15

24 hours price change: $ 0.004737 (3.20%)

Daily analysis of Ravencoin (RVN) - 1 month

The performance of Ravencoin regarding the price differs every day. To make the best decision to buy Ravencoin, we are analysis in this article the performance of Ravencoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

In the barchart below, the weekdays and average performance of Ravencoin are shown side by side.

Average daily change in price of Ravencoin per weekday between 02/06/2021 and 03/06/2021.

According to the performance of Ravencoin between February 6th, 2021 and March 6th, 2021, Ravencoin performed the best on Mondays. On average, the price of Ravencoin increased 5.98% on Monday.

The weekday on which the Ravencoin performed the worst, is Wednesday. On Wednesdays, the Ravencoin declined in value on average by -2.28%.

Ravencoin weekday performance

On an average Sunday the Ravencoin shows an increase in value of 1.57%. However, the change of Ravencoin on most of the Sundays is between -4.85% and 7.98%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Ravencoins.

The increase in value of the Ravencoin is 5.98% on an average Monday. However, the uncertainty on the average change is high for the Ravencoin on Mondays. This is the reason why an expected increase of the Ravencoin on an average Monday cannot be predicted. The standard deviation for Ravencoin on Mondays is high, namely 6.58%. This means that the expected range of value change for the Ravencoin is -0.59% and 12.56% on 68% of the Mondays.

On an average Tuesday the Ravencoin shows an increase in value of 1.45%. However, the change of Ravencoin on most of the Tuesdays is between -2.54% and 5.43%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Ravencoins.

The Ravencoin declines in value on an average Wednesday with -2.28%. However, the uncertainty (or standard deviation) is quite large, namely 1.83%. This means that it is not possible to say whether on a regular Wednesday the Ravencoin will increase or decrease in value.

On an average Thursday the Ravencoin shows a high increase in value, namely 1.82%. The standard deviation is below the average increase percentage (standard deviation is 0.66%), meaning that on 68% of the Thursdays the Ravencoin will increase with a percentage between 1.16% and 2.48%. This also means that, on average, on 16 percent of the Thursdays, the Ravencoin will increase with a percentage above this range. On the other 16% of the Thursdays, the Ravencoin will change with a percentage below the 1.16%.

Ravencoin increased in value on an average Friday only slightly. The average increase in value of the Ravencoin was 0.30%. Allthough the Ravencoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.20%). This means that on 68 percent of the Fridays, the change in price of the Ravencoin is expected to be in the range of -5.90% and 6.50%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ravencoin is -0.22%. However, the standard deviation on this weekday is 8.41%. This means that on most Saturdays, the change in value of the Ravencoin is between -8.62% and 8.19%.

Ravencoin weekday performance details

Find below the details of the performance of Ravencoin 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 1.57% 6.42% -4.85% to 7.98%
Monday 5.98% 6.58% -0.59% to 12.56%
Tuesday 1.45% 3.98% -2.54% to 5.43%
Wednesday -2.28% 1.83% -4.11% to -0.45%
Thursday 1.82% 0.66% 1.16% to 2.48%
Friday 0.30% 6.20% -5.90% to 6.50%
Saturday -0.22% 8.41% -8.62% to 8.19%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.