BitShares (BTS)

Current price: $ 0.05

24 hours price change: $ 0.001350 (2.96%)

Daily analysis of BitShares (BTS) - 1 year

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 year, starting on August 5th, 2020 to August 5th, 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 08/05/2020 and 08/05/2021.

According to the performance of BitShares between August 5th, 2020 and August 5th, 2021, BitShares performed the best on Thursdays. On average, the price of BitShares increased 2.42% on Thursday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.29%.

BitShares weekday performance

BitShares increased in value on an average Sunday 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 (1.84%). This means that on 68 percent of the Sundays, the change in price of the BitShares is expected to be in the range of -1.70% and 1.98%.

BitShares increased in value on an average Monday 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 (3.38%). This means that on 68 percent of the Mondays, the change in price of the BitShares is expected to be in the range of -3.14% and 3.62%.

On an average Tuesday, the BitShares increased 0.30%. However, since the expected deviation is 3.28%, the BitShares will decline in value on a Tuesday quiet regularly. The expected price change of the BitShares on a Tuesday is between -2.97% and 3.58%.

On an average Wednesday, the BitShares increased 0.39%. However, since the expected deviation is 3.54%, the BitShares will decline in value on a Wednesday quiet regularly. The expected price change of the BitShares on a Wednesday is between -3.16% and 3.93%.

On an average Thursday the BitShares shows an increase in value of 2.42%. However, the change of BitShares on most of the Thursdays is between -13.70% and 18.54%. Therefore it is hard to tell whether an average Thursday is a good day to start buying BitSharess.

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 -0.29%. However, the standard deviation on this weekday is 5.48%. This means that on most Fridays, the change in value of the BitShares is between -5.77% and 5.19%.

Historical performance on Saturday 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 Saturday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the BitShares on a Saturday is between -2.67% and 3.98% (see also the table below).

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 0.14% 1.84% -1.70% to 1.98%
Monday 0.24% 3.38% -3.14% to 3.62%
Tuesday 0.30% 3.28% -2.97% to 3.58%
Wednesday 0.39% 3.54% -3.16% to 3.93%
Thursday 2.42% 16.12% -13.70% to 18.54%
Friday -0.29% 5.48% -5.77% to 5.19%
Saturday 0.66% 3.33% -2.67% to 3.98%
 

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