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 6 months, starting on July 19th, 2021 to January 19th, 2022.
In the barchart below, the weekdays and average performance of Siacoin are shown side by side.
According to the performance of Siacoin between July 19th, 2021 and January 19th, 2022, Siacoin performed the best on Sundays. On average, the price of Siacoin increased 1.01% on Sunday.
The weekday on which the Siacoin performed the worst, is Tuesday. On Tuesdays, the Siacoin declined in value on average by -0.55%.
Siacoin weekday performance
On an average Sunday the Siacoin shows an increase in value of 1.01%. However, the change of Siacoin on most of the Sundays is between -2.45% and 4.47%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Siacoins.
Allthough the Siacoin decreases in value with -0.53% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Mondays is 2.22%. This means that the expected change of the value of Siacoin is between -2.76% and 1.69% on 68 out of 100 Mondays.
Allthough the Siacoin decreases in value with -0.55% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Tuesdays is 2.31%. This means that the expected change of the value of Siacoin is between -2.85% and 1.76% on 68 out of 100 Tuesdays.
On an average Wednesday, the Siacoin increased 0.56%. However, since the expected deviation is 2.12%, the Siacoin will decline in value on a Wednesday quiet regularly. The expected price change of the Siacoin on a Wednesday is between -1.57% and 2.68%.
Siacoin increased in value on an average Thursday only slightly. The average increase in value of the Siacoin was 0.16%. 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 (1.69%). This means that on 68 percent of the Thursdays, the change in price of the Siacoin is expected to be in the range of -1.53% and 1.85%.
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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Friday is between -1.76% and 3.10% (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 -0.22%. However, the standard deviation on this weekday is 1.78%. This means that on most Saturdays, the change in value of the Siacoin is between -2.00% and 1.56%.
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||1.01%||3.46%||-2.45% to 4.47%|
|Monday||-0.53%||2.22%||-2.76% to 1.69%|
|Tuesday||-0.55%||2.31%||-2.85% to 1.76%|
|Wednesday||0.56%||2.12%||-1.57% to 2.68%|
|Thursday||0.16%||1.69%||-1.53% to 1.85%|
|Friday||0.67%||2.43%||-1.76% to 3.10%|
|Saturday||-0.22%||1.78%||-2.00% to 1.56%|