Siacoin (SC)

Current price: $ 0.003680

24 hours price change: $ 0.000190 (5.44%)

Daily analysis of Siacoin (SC) - 6 months

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 January 9th, 2020 to July 8th, 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 01/09/2020 and 07/08/2020.

According to the performance of Siacoin between January 9th, 2020 and July 8th, 2020, Siacoin performed the best on Tuesdays. On average, the price of Siacoin increased 0.07% on Tuesday.

The weekday on which the Siacoin performed the worst, is Saturday. On Saturdays, the Siacoin declined in value on average by -0.71%.

Siacoin weekday performance

It is hard to tell whether the Siacoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Siacoin is -0.02%. However, the standard deviation on this weekday is 2.43%. This means that on most Sundays, the change in value of the Siacoin is between -2.45% and 2.41%.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Monday. The average change on a Monday for the Siacoin is -0.02%. However, the standard deviation on this weekday is 2.35%. This means that on most Mondays, the change in value of the Siacoin is between -2.38% and 2.33%.

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 (1.81%). This means that on 68 percent of the Tuesdays, the change in price of the Siacoin is expected to be in the range of -1.74% and 1.88%.

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 -0.26%. However, the standard deviation on this weekday is 1.95%. This means that on most Wednesdays, the change in value of the Siacoin is between -2.21% and 1.69%.

Allthough the Siacoin decreases in value with -0.50% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Thursdays is 1.39%. This means that the expected change of the value of Siacoin is between -1.88% and 0.89% on 68 out of 100 Thursdays.

Allthough the Siacoin decreases in value with -0.40% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Fridays is 2.32%. This means that the expected change of the value of Siacoin is between -2.72% and 1.92% on 68 out of 100 Fridays.

On Saturdays, the Siacoin decreases in value on average with -0.71%. On most of the Saturdays the Siacoin decreases in value between -2.67% and 1.26%. The uncertainty (1.96%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Siacoin on Saturdays is large.

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 -0.02% 2.43% -2.45% to 2.41%
Monday -0.02% 2.35% -2.38% to 2.33%
Tuesday 0.07% 1.81% -1.74% to 1.88%
Wednesday -0.26% 1.95% -2.21% to 1.69%
Thursday -0.50% 1.39% -1.88% to 0.89%
Friday -0.40% 2.32% -2.72% to 1.92%
Saturday -0.71% 1.96% -2.67% to 1.26%
 

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