BitShares (BTS)

Current price: $ 0.06

24 hours price change: $ 0.0003 (0.50%)

Daily analysis of BitShares (BTS) - 6 months

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 6 months, starting on November 24th, 2018 to May 23rd, 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 11/24/2018 and 05/23/2019.

According to the performance of BitShares between November 24th, 2018 and May 23rd, 2019, BitShares performed the best on Fridays. On average, the price of BitShares increased 0.35% on Friday.

The weekday on which the BitShares performed the worst, is Saturday. On Saturdays, the BitShares declined in value on average by -0.49%.

BitShares weekday performance

BitShares increased in value on an average Sunday only slightly. The average increase in value of the BitShares was 0.23%. 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 (1.63%). This means that on 68 percent of the Sundays, the change in price of the BitShares is expected to be in the range of -1.39% and 1.86%.

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 -0.09%. However, the standard deviation on this weekday is 1.95%. This means that on most Mondays, the change in value of the BitShares is between -2.04% and 1.86%.

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 -0.17%. However, the standard deviation on this weekday is 0.56%. This means that on most Tuesdays, the change in value of the BitShares is between -0.73% and 0.39%.

Allthough the BitShares decreases in value with -0.44% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Wednesdays is 3.08%. This means that the expected change of the value of BitShares is between -3.51% and 2.64% on 68 out of 100 Wednesdays.

On an average Thursday, the BitShares increased 0.34%. However, since the expected deviation is 1.01%, the BitShares will decline in value on a Thursday quiet regularly. The expected price change of the BitShares on a Thursday is between -0.68% and 1.35%.

On an average Friday, the BitShares increased 0.35%. However, since the expected deviation is 0.90%, the BitShares will decline in value on a Friday quiet regularly. The expected price change of the BitShares on a Friday is between -0.55% and 1.26%.

Allthough the BitShares decreases in value with -0.49% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Saturdays is 0.95%. This means that the expected change of the value of BitShares is between -1.44% and 0.46% on 68 out of 100 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.23%1.63%-1.39% to 1.86%
Monday-0.09%1.95%-2.04% to 1.86%
Tuesday-0.17%0.56%-0.73% to 0.39%
Wednesday-0.44%3.08%-3.51% to 2.64%
Thursday0.34%1.01%-0.68% to 1.35%
Friday0.35%0.90%-0.55% to 1.26%
Saturday-0.49%0.95%-1.44% to 0.46%