BitShares (BTS)

Current price: $ 0.10

24 hours price change: $ -0.02 (-17.53%)

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 October 20th, 2020 to April 20th, 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 10/20/2020 and 04/20/2021.

According to the performance of BitShares between October 20th, 2020 and April 20th, 2021, BitShares performed the best on Thursdays. On average, the price of BitShares increased 4.70% on Thursday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.90%.

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 (2.55%). This means that on 68 percent of the Sundays, the change in price of the BitShares is expected to be in the range of -2.32% and 2.79%.

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 -0.22%. However, the standard deviation on this weekday is 2.48%. This means that on most Mondays, the change in value of the BitShares is between -2.69% and 2.26%.

Allthough the BitShares decreases in value with -0.38% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Tuesdays is 1.87%. This means that the expected change of the value of BitShares is between -2.25% and 1.49% on 68 out of 100 Tuesdays.

On an average Wednesday, the BitShares increased 0.31%. However, since the expected deviation is 4.05%, the BitShares will decline in value on a Wednesday quiet regularly. The expected price change of the BitShares on a Wednesday is between -3.74% and 4.36%.

The increase in value of the BitShares is 4.70% 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 22.66%. This means that the expected range of value change for the BitShares is -17.96% and 27.36% on 68% of the Thursdays.

On Fridays, the BitShares decreases in value on average with -0.90%. On most of the Fridays the BitShares decreases in value between -7.43% and 5.63%. The uncertainty (6.53%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the BitShares on Fridays is large.

On an average Saturday the BitShares shows an increase in value of 1.29%. However, the change of BitShares on most of the Saturdays is between -3.32% and 5.90%. Therefore it is hard to tell whether an average Saturday is a good day to start buying BitSharess.

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 0.23% 2.55% -2.32% to 2.79%
Monday -0.22% 2.48% -2.69% to 2.26%
Tuesday -0.38% 1.87% -2.25% to 1.49%
Wednesday 0.31% 4.05% -3.74% to 4.36%
Thursday 4.70% 22.66% -17.96% to 27.36%
Friday -0.90% 6.53% -7.43% to 5.63%
Saturday 1.29% 4.61% -3.32% to 5.90%
 

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