The performance of Siacoin regarding the price differs every day. To make the best decision to buy Siacoin, we are analysis in this article the performance of Siacoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 26th, 2021 to January 26th, 2022.
In the barchart below, the weekdays and average performance of Siacoin are shown side by side.
According to the performance of Siacoin between December 26th, 2021 and January 26th, 2022, Siacoin performed the best on Saturdays. On average, the price of Siacoin increased 1.56% on Saturday.
The weekday on which the Siacoin performed the worst, is Tuesday. On Tuesdays, the Siacoin declined in value on average by -1.09%.
Siacoin weekday performance
On an average Sunday, the Siacoin increased 0.45%. However, since the expected deviation is 1.14%, the Siacoin will decline in value on a Sunday quiet regularly. The expected price change of the Siacoin on a Sunday is between -0.69% and 1.59%.
Allthough the Siacoin decreases in value with -0.41% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Mondays is 0.52%. This means that the expected change of the value of Siacoin is between -0.93% and 0.12% on 68 out of 100 Mondays.
The Siacoin declines in value on an average Tuesday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 0.91%. This means that it is not possible to say whether on a regular Tuesday the Siacoin will increase or decrease in value.
Siacoin increased in value on an average Wednesday only slightly. The average increase in value of the Siacoin was 0.10%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.59%). This means that on 68 percent of the Wednesdays, the change in price of the Siacoin is expected to be in the range of -0.49% and 0.69%.
It is hard to tell whether the Siacoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Siacoin is -0.06%. However, the standard deviation on this weekday is 0.65%. This means that on most Thursdays, the change in value of the Siacoin is between -0.71% and 0.59%.
Siacoin increased in value on an average Friday only slightly. The average increase in value of the Siacoin was 0.05%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.89%). This means that on 68 percent of the Fridays, the change in price of the Siacoin is expected to be in the range of -0.84% and 0.94%.
On an average Saturday the Siacoin shows a high increase in value, namely 1.56%. The standard deviation is below the average increase percentage (standard deviation is 0.70%), meaning that on 68% of the Saturdays the Siacoin will increase with a percentage between 0.86% and 2.25%. This also means that, on average, on 16 percent of the Saturdays, the Siacoin will increase with a percentage above this range. On the other 16% of the Saturdays, the Siacoin will change with a percentage below the 0.86%.
Siacoin weekday performance details
Find below the details of the performance of Siacoin 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||0.45%||1.14%||-0.69% to 1.59%|
|Monday||-0.41%||0.52%||-0.93% to 0.12%|
|Tuesday||-1.09%||0.91%||-1.99% to -0.18%|
|Wednesday||0.10%||0.59%||-0.49% to 0.69%|
|Thursday||-0.06%||0.65%||-0.71% to 0.59%|
|Friday||0.05%||0.89%||-0.84% to 0.94%|
|Saturday||1.56%||0.70%||0.86% to 2.25%|