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 6 months, starting on July 27th, 2021 to January 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 July 27th, 2021 and January 26th, 2022, Steem performed the best on Sundays. On average, the price of Steem increased 0.83% on Sunday.
The weekday on which the Steem performed the worst, is Tuesday. On Tuesdays, the Steem declined in value on average by -0.63%.
Steem weekday performance
Historical performance on Sunday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Sunday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Sunday is between -1.90% and 3.57% (see also the table below).
Allthough the Steem decreases in value with -0.33% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Mondays is 2.61%. This means that the expected change of the value of Steem is between -2.94% and 2.28% on 68 out of 100 Mondays.
On Tuesdays, the Steem decreases in value on average with -0.63%. On most of the Tuesdays the Steem decreases in value between -2.86% and 1.60%. The uncertainty (2.23%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Steem on Tuesdays is large.
It is hard to tell whether the Steem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Steem is -0.15%. However, the standard deviation on this weekday is 1.41%. This means that on most Wednesdays, the change in value of the Steem is between -1.56% and 1.26%.
Allthough the Steem decreases in value with -0.34% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Thursdays is 2.85%. This means that the expected change of the value of Steem is between -3.20% and 2.51% on 68 out of 100 Thursdays.
On an average Friday, the Steem increased 0.57%. However, since the expected deviation is 2.80%, the Steem will decline in value on a Friday quiet regularly. The expected price change of the Steem on a Friday is between -2.23% and 3.38%.
Steem increased in value on an average Saturday only slightly. The average increase in value of the Steem was 0.21%. 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 (1.09%). This means that on 68 percent of the Saturdays, the change in price of the Steem is expected to be in the range of -0.88% and 1.30%.
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||0.83%||2.74%||-1.90% to 3.57%|
|Monday||-0.33%||2.61%||-2.94% to 2.28%|
|Tuesday||-0.63%||2.23%||-2.86% to 1.60%|
|Wednesday||-0.15%||1.41%||-1.56% to 1.26%|
|Thursday||-0.34%||2.85%||-3.20% to 2.51%|
|Friday||0.57%||2.80%||-2.23% to 3.38%|
|Saturday||0.21%||1.09%||-0.88% to 1.30%|