BitShares (BTS)

Current price: $ 0.06

24 hours price change: $ 0.009260 (19.00%)

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 January 25th, 2021 to February 25th, 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 01/25/2021 and 02/25/2021.

According to the performance of BitShares between January 25th, 2021 and February 25th, 2021, BitShares performed the best on Thursdays. On average, the price of BitShares increased 23.48% on Thursday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -7.43%.

BitShares weekday performance

The BitShares declines in value on an average Sunday with -1.93%. However, the uncertainty (or standard deviation) is quite large, namely 1.66%. This means that it is not possible to say whether on a regular Sunday the BitShares will increase or decrease in value.

The BitShares declines in value on an average Monday with -2.39%. However, the uncertainty (or standard deviation) is quite large, namely 4.06%. 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 0.10%. 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 (2.83%). This means that on 68 percent of the Tuesdays, the change in price of the BitShares is expected to be in the range of -2.74% and 2.93%.

On an average Wednesday the BitShares shows an increase in value of 2.10%. However, the change of BitShares on most of the Wednesdays is between -0.96% and 5.15%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying BitSharess.

The increase in value of the BitShares is 23.48% on an average Thursday. However, the uncertainty on the average change is high for the BitShares on Thursdays. This is the reason why an expected increase of the BitShares on an average Thursday cannot be predicted. The standard deviation for BitShares on Thursdays is high, namely 47.14%. This means that the expected range of value change for the BitShares is -23.67% and 70.62% on 68% of the Thursdays.

The decrease in value of the BitShares is -7.43% on an average Friday. The uncertainty of the average change is high for the BitShares on Fridays. This means that it is hard to tell whether the BitShares will decrease or increase in value on an average Friday. If we look at the 68% range of the BitShares, we see that on 68% of the Fridays, the expected change of the BitShares is between -20.63% and 5.77%.

The increase in value of the BitShares is 4.84% on an average Saturday. However, the uncertainty on the average change is high for the BitShares on Saturdays. This is the reason why an expected increase of the BitShares on an average Saturday cannot be predicted. The standard deviation for BitShares on Saturdays is high, namely 10.15%. This means that the expected range of value change for the BitShares is -5.31% and 14.99% on 68% of the 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 -1.93% 1.66% -3.59% to -0.27%
Monday -2.39% 4.06% -6.45% to 1.68%
Tuesday 0.10% 2.83% -2.74% to 2.93%
Wednesday 2.10% 3.05% -0.96% to 5.15%
Thursday 23.48% 47.14% -23.67% to 70.62%
Friday -7.43% 13.20% -20.63% to 5.77%
Saturday 4.84% 10.15% -5.31% to 14.99%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.