Siacoin (SC)

Current price: $ 0.003033

24 hours price change: - (-)

Daily analysis of Siacoin (SC) - 1 month

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

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

Average daily change in price of Siacoin per weekday between 06/06/2020 and 07/05/2020.

According to the performance of Siacoin between June 6th, 2020 and July 5th, 2020, Siacoin performed the best on Fridays. On average, the price of Siacoin increased 0.80% on Friday.

The weekday on which the Siacoin performed the worst, is Thursday. On Thursdays, the Siacoin declined in value on average by -0.76%.

Siacoin weekday performance

Allthough the Siacoin decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Sundays is 1.08%. This means that the expected change of the value of Siacoin is between -1.58% and 0.58% on 68 out of 100 Sundays.

Allthough the Siacoin decreases in value with -0.47% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Mondays is 0.94%. This means that the expected change of the value of Siacoin is between -1.41% and 0.47% on 68 out of 100 Mondays.

Siacoin increased in value on an average Tuesday only slightly. The average increase in value of the Siacoin was 0.07%. 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 (0.11%). This means that on 68 percent of the Tuesdays, the change in price of the Siacoin is expected to be in the range of -0.03% and 0.18%.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Siacoin is 0.00%. However, the standard deviation on this weekday is 0.05%. This means that on most Wednesdays, the change in value of the Siacoin is between -0.06% and 0.05%.

On Thursdays, the Siacoin decreases in value on average with -0.76%. On most of the Thursdays the Siacoin decreases in value between -2.07% and 0.55%. The uncertainty (1.31%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Siacoin on Thursdays is large.

Historical performance on Friday do not show an increase in value of the Siacoin on which a prediction can be made. The Siacoin increased in value on average on an average Friday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Friday is between -0.63% and 2.23% (see also the table below).

It is hard to tell whether the Siacoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Siacoin is -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Saturdays, the change in value of the Siacoin is between -0.12% and 0.04%.

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 -0.50% 1.08% -1.58% to 0.58%
Monday -0.47% 0.94% -1.41% to 0.47%
Tuesday 0.07% 0.11% -0.03% to 0.18%
Wednesday 0.00% 0.05% -0.06% to 0.05%
Thursday -0.76% 1.31% -2.07% to 0.55%
Friday 0.80% 1.43% -0.63% to 2.23%
Saturday -0.04% 0.08% -0.12% to 0.04%
 

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