BitShares (BTS)

Current price: $ 0.03

24 hours price change: - (-)

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 22nd, 2019 to September 21st, 2019.

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 08/22/2019 and 09/21/2019.

According to the performance of BitShares between August 22nd, 2019 and September 21st, 2019, BitShares performed the best on Sundays. On average, the price of BitShares increased 0.30% on Sunday.

The weekday on which the BitShares performed the worst, is Tuesday. On Tuesdays, the BitShares declined in value on average by -0.18%.

BitShares weekday performance

The average increase of the BitShares on an average Sunday is 0.30%. This is a small increase, however, the expected change of the BitShares in 95% of the Sundays is -0.26% and 0.86%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the BitShares is below -0.26%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.86%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the BitShares will be in the range of 0.02% and 0.58%.

The BitShares will almost not change or only slightly increase in value on an average Monday. The average change of the BitShares on Mondays is 0.24%. The standard deviation of the BitShares is 0.13%, which means that in 68% of the Mondays, the range of the change of the BitShares is 0.11% and 0.37%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the BitShares will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the BitShares is -0.18%. However, the standard deviation on this weekday is 0.33%. This means that on most Tuesdays, the change in value of the BitShares is between -0.50% and 0.15%.

BitShares increased in value on an average Wednesday only slightly. The average increase in value of the BitShares was 0.22%. 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 (0.54%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -0.33% and 0.76%.

BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.17%. 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 (0.21%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -0.04% and 0.38%.

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 -0.08%. However, the standard deviation on this weekday is 0.23%. This means that on most Fridays, the change in value of the BitShares is between -0.32% and 0.15%.

BitShares increased in value on an average Saturday only slightly. The average increase in value of the BitShares was 0.04%. 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 (0.30%). This means that on 68 percent of the Saturdays, the change in price of the BitShares is expected to be in the range of -0.26% and 0.34%.

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 0.30% 0.28% 0.02% to 0.58%
Monday 0.24% 0.13% 0.11% to 0.37%
Tuesday -0.18% 0.33% -0.50% to 0.15%
Wednesday 0.22% 0.54% -0.33% to 0.76%
Thursday 0.17% 0.21% -0.04% to 0.38%
Friday -0.08% 0.23% -0.32% to 0.15%
Saturday 0.04% 0.30% -0.26% to 0.34%