Siacoin (SC)

Current price: $ 0.01

24 hours price change: $ 0.01 (inf%)

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 August 28th, 2020 to February 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 08/28/2020 and 02/25/2021.

According to the performance of Siacoin between August 28th, 2020 and February 25th, 2021, Siacoin performed the best on Thursdays. On average, the price of Siacoin increased 1.91% on Thursday.

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

Siacoin weekday performance

On Sundays, the Siacoin decreases in value on average with -0.64%. On most of the Sundays the Siacoin decreases in value between -4.06% and 2.78%. The uncertainty (3.42%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Siacoin on Sundays is large.

Allthough the Siacoin decreases in value with -0.46% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Mondays is 2.76%. This means that the expected change of the value of Siacoin is between -3.21% and 2.30% 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 0.27%. 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 (3.04%). This means that on 68 percent of the Tuesdays, the change in price of the Siacoin is expected to be in the range of -2.77% and 3.31%.

Siacoin increased in value on an average Wednesday only slightly. The average increase in value of the Siacoin was 0.15%. 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 (8.29%). This means that on 68 percent of the Wednesdays, the change in price of the Siacoin is expected to be in the range of -8.14% and 8.44%.

On an average Thursday the Siacoin shows an increase in value of 1.91%. However, the change of Siacoin on most of the Thursdays is between -4.61% and 8.43%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

Allthough the Siacoin decreases in value with -0.58% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Fridays is 4.04%. This means that the expected change of the value of Siacoin is between -4.61% and 3.46% on 68 out of 100 Fridays.

On an average Saturday, the Siacoin increased 0.48%. However, since the expected deviation is 3.83%, the Siacoin will decline in value on a Saturday quiet regularly. The expected price change of the Siacoin on a Saturday is between -3.34% and 4.31%.

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 -0.64% 3.42% -4.06% to 2.78%
Monday -0.46% 2.76% -3.21% to 2.30%
Tuesday 0.27% 3.04% -2.77% to 3.31%
Wednesday 0.15% 8.29% -8.14% to 8.44%
Thursday 1.91% 6.52% -4.61% to 8.43%
Friday -0.58% 4.04% -4.61% to 3.46%
Saturday 0.48% 3.83% -3.34% to 4.31%
 

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