Siacoin (SC)

Current price: $ 0.01

24 hours price change: $ -0.000090 (-0.80%)

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 25th, 2021 to July 25th, 2021.

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 01/25/2021 and 07/25/2021.

According to the performance of Siacoin between January 25th, 2021 and July 25th, 2021, Siacoin performed the best on Wednesdays. On average, the price of Siacoin increased 2.46% on Wednesday.

The weekday on which the Siacoin performed the worst, is Friday. On Fridays, the Siacoin declined in value on average by -0.64%.

Siacoin weekday performance

Siacoin increased in value on an average Sunday only slightly. The average increase in value of the Siacoin was 0.28%. 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 (2.95%). This means that on 68 percent of the Sundays, the change in price of the Siacoin is expected to be in the range of -2.67% and 3.23%.

Historical performance on Monday 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 Monday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Monday is between -3.62% and 5.53% (see also the table below).

On an average Tuesday, the Siacoin increased 0.55%. However, since the expected deviation is 3.36%, the Siacoin will decline in value on a Tuesday quiet regularly. The expected price change of the Siacoin on a Tuesday is between -2.81% and 3.91%.

On an average Wednesday the Siacoin shows an increase in value of 2.46%. However, the change of Siacoin on most of the Wednesdays is between -5.56% and 10.48%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Siacoins.

On an average Thursday the Siacoin shows an increase in value of 1.35%. However, the change of Siacoin on most of the Thursdays is between -5.39% and 8.10%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

On Fridays, the Siacoin decreases in value on average with -0.64%. On most of the Fridays the Siacoin decreases in value between -5.88% and 4.60%. The uncertainty (5.24%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Siacoin on Fridays is large.

On an average Saturday the Siacoin shows an increase in value of 1.11%. However, the change of Siacoin on most of the Saturdays is between -2.08% and 4.29%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Siacoins.

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 0.28% 2.95% -2.67% to 3.23%
Monday 0.95% 4.57% -3.62% to 5.53%
Tuesday 0.55% 3.36% -2.81% to 3.91%
Wednesday 2.46% 8.02% -5.56% to 10.48%
Thursday 1.35% 6.74% -5.39% to 8.10%
Friday -0.64% 5.24% -5.88% to 4.60%
Saturday 1.11% 3.19% -2.08% to 4.29%
 

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