Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ -0.002208 (-7.19%)

Daily analysis of Ravencoin (RVN) - 6 months

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 6 months, starting on November 23rd, 2021 to May 23rd, 2022.

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 11/23/2021 and 05/23/2022.

According to the performance of Ravencoin between November 23rd, 2021 and May 23rd, 2022, Ravencoin performed the best on Wednesdays. On average, the price of Ravencoin increased 0.25% on Wednesday.

The weekday on which the Ravencoin performed the worst, is Monday. On Mondays, the Ravencoin declined in value on average by -0.54%.

Ravencoin weekday performance

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ravencoin is -0.21%. However, the standard deviation on this weekday is 0.92%. This means that on most Sundays, the change in value of the Ravencoin is between -1.13% and 0.71%.

Allthough the Ravencoin decreases in value with -0.54% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Mondays is 1.18%. This means that the expected change of the value of Ravencoin is between -1.73% and 0.64% on 68 out of 100 Mondays.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.08%. 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 (1.12%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -1.04% and 1.20%.

Ravencoin increased in value on an average Wednesday only slightly. The average increase in value of the Ravencoin was 0.25%. 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 (1.24%). This means that on 68 percent of the Wednesdays, the change in price of the Ravencoin is expected to be in the range of -0.99% and 1.49%.

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 -0.08%. However, the standard deviation on this weekday is 0.95%. This means that on most Thursdays, the change in value of the Ravencoin is between -1.03% and 0.86%.

Allthough the Ravencoin decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Fridays is 1.68%. This means that the expected change of the value of Ravencoin is between -2.00% and 1.36% on 68 out of 100 Fridays.

Ravencoin increased in value on an average Saturday only slightly. The average increase in value of the Ravencoin was 0.13%. 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 (2.41%). This means that on 68 percent of the Saturdays, the change in price of the Ravencoin is expected to be in the range of -2.28% and 2.54%.

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 -0.21% 0.92% -1.13% to 0.71%
Monday -0.54% 1.18% -1.73% to 0.64%
Tuesday 0.08% 1.12% -1.04% to 1.20%
Wednesday 0.25% 1.24% -0.99% to 1.49%
Thursday -0.08% 0.95% -1.03% to 0.86%
Friday -0.32% 1.68% -2.00% to 1.36%
Saturday 0.13% 2.41% -2.28% to 2.54%
 

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