Ravencoin (RVN)

Current price: $ 0.02

24 hours price change: - (-)

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 June 6th, 2020 to July 5th, 2020.

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 06/06/2020 and 07/05/2020.

According to the performance of Ravencoin between June 6th, 2020 and July 5th, 2020, Ravencoin performed the best on Mondays. On average, the price of Ravencoin increased 2.58% on Monday.

The weekday on which the Ravencoin performed the worst, is Thursday. On Thursdays, the Ravencoin declined in value on average by -0.07%.

Ravencoin weekday performance

Ravencoin increased in value on an average Sunday only slightly. The average increase in value of the Ravencoin was 0.03%. 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 (0.09%). This means that on 68 percent of the Sundays, the change in price of the Ravencoin is expected to be in the range of -0.06% and 0.12%.

On an average Monday the Ravencoin shows an increase in value of 2.58%. However, the change of Ravencoin on most of the Mondays is between -1.24% and 6.39%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ravencoins.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.02%. 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 (0.02%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of 0.00% and 0.05%.

Ravencoin increased in value on an average Wednesday only slightly. The average increase in value of the Ravencoin was 0.01%. 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 (0.05%). This means that on 68 percent of the Wednesdays, the change in price of the Ravencoin is expected to be in the range of -0.04% and 0.06%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ravencoin is -0.07%. However, the standard deviation on this weekday is 0.07%. This means that on most Thursdays, the change in value of the Ravencoin is between -0.14% and 0.00%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Friday. The average change on a Friday for the Ravencoin is -0.03%. However, the standard deviation on this weekday is 0.05%. This means that on most Fridays, the change in value of the Ravencoin is between -0.08% and 0.02%.

On an average Saturday, the Ravencoin increased 0.56%. However, since the expected deviation is 1.12%, the Ravencoin will decline in value on a Saturday quiet regularly. The expected price change of the Ravencoin on a Saturday is between -0.56% and 1.67%.

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 0.03% 0.09% -0.06% to 0.12%
Monday 2.58% 3.82% -1.24% to 6.39%
Tuesday 0.02% 0.02% 0.00% to 0.05%
Wednesday 0.01% 0.05% -0.04% to 0.06%
Thursday -0.07% 0.07% -0.14% to 0.00%
Friday -0.03% 0.05% -0.08% to 0.02%
Saturday 0.56% 1.12% -0.56% to 1.67%
 

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