BitShares (BTS)

Current price: $ 0.009500

24 hours price change: $ -0.000348 (-3.53%)

Daily analysis of BitShares (BTS) - 1 month

The performance of BitShares regarding the price differs every day. To make the best decision to buy BitShares, we are analysis in this article the performance of BitShares on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 10th, 2022 to December 10th, 2022.

In the barchart below, the weekdays and average performance of BitShares are shown side by side.

Average daily change in price of BitShares per weekday between 11/10/2022 and 12/10/2022.

According to the performance of BitShares between November 10th, 2022 and December 10th, 2022, BitShares performed the best on Sundays. On average, the price of BitShares increased 2.17% on Sunday.

The weekday on which the BitShares performed the worst, is Wednesday. On Wednesdays, the BitShares declined in value on average by -0.61%.

BitShares weekday performance

On an average Sunday the BitShares shows a high increase in value, namely 2.17%. The standard deviation is below the average increase percentage (standard deviation is 0.20%), meaning that on 68% of the Sundays the BitShares will increase with a percentage between 1.97% and 2.36%. This also means that, on average, on 16 percent of the Sundays, the BitShares will increase with a percentage above this range. On the other 16% of the Sundays, the BitShares will change with a percentage below the 1.97%.

Allthough the BitShares decreases in value with -0.39% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Mondays is 0.48%. This means that the expected change of the value of BitShares is between -0.87% and 0.10% on 68 out of 100 Mondays.

BitShares increased in value on an average Tuesday only slightly. The average increase in value of the BitShares was 0.03%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.17%). This means that on 68 percent of the Tuesdays, the change in price of the BitShares is expected to be in the range of -1.14% and 1.20%.

On Wednesdays, the BitShares decreases in value on average with -0.61%. On most of the Wednesdays the BitShares decreases in value between -1.68% and 0.46%. The uncertainty (1.07%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the BitShares on Wednesdays is large.

On an average Thursday, the BitShares increased 0.46%. However, since the expected deviation is 2.11%, the BitShares will decline in value on a Thursday quiet regularly. The expected price change of the BitShares on a Thursday is between -1.64% and 2.57%.

Historical performance on Friday do not show an increase in value of the BitShares on which a prediction can be made. The BitShares increased in value on average on an average Friday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the BitShares on a Friday is between -1.09% and 2.32% (see also the table below).

Allthough the BitShares decreases in value with -0.33% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Saturdays is 2.12%. This means that the expected change of the value of BitShares is between -2.45% and 1.79% on 68 out of 100 Saturdays.

BitShares weekday performance details

Find below the details of the performance of BitShares 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 2.17% 0.20% 1.97% to 2.36%
Monday -0.39% 0.48% -0.87% to 0.10%
Tuesday 0.03% 1.17% -1.14% to 1.20%
Wednesday -0.61% 1.07% -1.68% to 0.46%
Thursday 0.46% 2.11% -1.64% to 2.57%
Friday 0.62% 1.70% -1.09% to 2.32%
Saturday -0.33% 2.12% -2.45% to 1.79%
 

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