BitShares (BTS)

Current price: $ 0.02

24 hours price change: $ -0.000806 (-4.20%)

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 September 27th, 2020 to October 26th, 2020.

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 09/27/2020 and 10/26/2020.

According to the performance of BitShares between September 27th, 2020 and October 26th, 2020, BitShares performed the best on Tuesdays. On average, the price of BitShares increased 0.14% on Tuesday.

The weekday on which the BitShares performed the worst, is Monday. On Mondays, the BitShares declined in value on average by -1.52%.

BitShares weekday performance

It is hard to tell whether the BitShares will increase or decrease in value on an average Sunday. The average change on a Sunday for the BitShares is -0.06%. However, the standard deviation on this weekday is 0.16%. This means that on most Sundays, the change in value of the BitShares is between -0.22% and 0.09%.

The BitShares declines in value on an average Monday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 3.12%. This means that it is not possible to say whether on a regular Monday the BitShares will increase or decrease in value.

BitShares increased in value on an average Tuesday only slightly. The average increase in value of the BitShares was 0.14%. 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 (0.18%). This means that on 68 percent of the Tuesdays, the change in price of the BitShares is expected to be in the range of -0.04% and 0.32%.

BitShares increased in value on an average Wednesday 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 (0.04%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -0.03% and 0.05%.

It is hard to tell whether the BitShares will increase or decrease in value on an average Thursday. The average change on a Thursday for the BitShares is -0.04%. However, the standard deviation on this weekday is 0.04%. This means that on most Thursdays, the change in value of the BitShares is between -0.07% and 0.00%.

The BitShares will almost not change or only slightly increase in value on an average Friday. The average change of the BitShares on Fridays is 0.04%. The standard deviation of the BitShares is 0.02%, which means that in 68% of the Fridays, the range of the change of the BitShares is 0.02% and 0.06%. 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 Saturday. The average change on a Saturday for the BitShares is -0.01%. However, the standard deviation on this weekday is 0.02%. This means that on most Saturdays, the change in value of the BitShares is between -0.03% and 0.01%.

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 -0.06% 0.16% -0.22% to 0.09%
Monday -1.52% 3.12% -4.64% to 1.60%
Tuesday 0.14% 0.18% -0.04% to 0.32%
Wednesday 0.01% 0.04% -0.03% to 0.05%
Thursday -0.04% 0.04% -0.07% to 0.00%
Friday 0.04% 0.02% 0.02% to 0.06%
Saturday -0.01% 0.02% -0.03% to 0.01%
 

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