BitShares (BTS)

Current price: $ 0.04

24 hours price change: $ -0.001970 (-5.06%)

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 August 28th, 2021 to September 28th, 2021.

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 08/28/2021 and 09/28/2021.

According to the performance of BitShares between August 28th, 2021 and September 28th, 2021, BitShares performed the best on Wednesdays. On average, the price of BitShares increased 3.55% on Wednesday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.24%.

BitShares weekday performance

BitShares increased in value on an average Sunday only slightly. The average increase in value of the BitShares was 0.01%. 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 (0.03%). This means that on 68 percent of the Sundays, the change in price of the BitShares is expected to be in the range of -0.02% and 0.04%.

It is hard to tell whether the BitShares will increase or decrease in value on an average Monday. The average change on a Monday for the BitShares is -0.07%. However, the standard deviation on this weekday is 0.78%. This means that on most Mondays, the change in value of the BitShares is between -0.85% and 0.70%.

On an average Tuesday, the BitShares increased 0.34%. However, since the expected deviation is 0.43%, the BitShares will decline in value on a Tuesday quiet regularly. The expected price change of the BitShares on a Tuesday is between -0.09% and 0.77%.

The increase in value of the BitShares is 3.55% on an average Wednesday. However, the uncertainty on the average change is high for the BitShares on Wednesdays. This is the reason why an expected increase of the BitShares on an average Wednesday cannot be predicted. The standard deviation for BitShares on Wednesdays is high, namely 6.15%. This means that the expected range of value change for the BitShares is -2.61% and 9.70% on 68% of the Wednesdays.

BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.24%. 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 (0.42%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -0.19% and 0.66%.

It is hard to tell whether the BitShares will increase or decrease in value on an average Friday. The average change on a Friday for the BitShares is -0.24%. However, the standard deviation on this weekday is 0.42%. This means that on most Fridays, the change in value of the BitShares is between -0.67% and 0.18%.

BitShares increased in value on an average Saturday 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 (0.03%). This means that on 68 percent of the Saturdays, the change in price of the BitShares is expected to be in the range of 0.00% and 0.06%.

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 0.01% 0.03% -0.02% to 0.04%
Monday -0.07% 0.78% -0.85% to 0.70%
Tuesday 0.34% 0.43% -0.09% to 0.77%
Wednesday 3.55% 6.15% -2.61% to 9.70%
Thursday 0.24% 0.42% -0.19% to 0.66%
Friday -0.24% 0.42% -0.67% to 0.18%
Saturday 0.03% 0.03% 0.00% to 0.06%
 

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