The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on April 16th, 2016 to September 26th, 2022.
In the barchart below, the weekdays and average performance of Steem are shown side by side.
According to the performance of Steem between April 16th, 2016 and September 26th, 2022, Steem performed the best on Fridays. On average, the price of Steem increased 1.90% on Friday.
The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.32%.
Steem weekday performance
On an average Sunday, the Steem increased 0.44%. However, since the expected deviation is 10.25%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -9.81% and 10.69%.
Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.15%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (11.59%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -11.45% and 11.74%.
On an average Tuesday, the Steem increased 0.37%. However, since the expected deviation is 5.94%, the Steem will decline in value on a Tuesday quiet regularly. The expected price change of the Steem on a Tuesday is between -5.57% and 6.31%.
Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.26%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.26%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -6.01% and 6.52%.
Allthough the Steem decreases in value with -0.32% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Thursdays is 6.57%. This means that the expected change of the value of Steem is between -6.89% and 6.25% on 68 out of 100 Thursdays.
On an average Friday the Steem shows an increase in value of 1.90%. However, the change of Steem on most of the Fridays is between -14.47% and 18.26%. Therefore it is hard to tell whether an average Friday is a good day to start buying Steems.
It is hard to tell whether the Steem will increase or decrease in value on an average Saturday. The average change on a Saturday for the Steem is -0.20%. However, the standard deviation on this weekday is 4.90%. This means that on most Saturdays, the change in value of the Steem is between -5.10% and 4.70%.
Steem weekday performance details
Find below the details of the performance of Steem 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||0.44%||10.25%||-9.81% to 10.69%|
|Monday||0.15%||11.59%||-11.45% to 11.74%|
|Tuesday||0.37%||5.94%||-5.57% to 6.31%|
|Wednesday||0.26%||6.26%||-6.01% to 6.52%|
|Thursday||-0.32%||6.57%||-6.89% to 6.25%|
|Friday||1.90%||16.36%||-14.47% to 18.26%|
|Saturday||-0.20%||4.90%||-5.10% to 4.70%|