BitShares (BTS)

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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 22nd, 2023 to May 17th, 2024.

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 11/22/2023 and 05/17/2024.

According to the performance of BitShares between November 22nd, 2023 and May 17th, 2024, BitShares performed the best on Fridays. On average, the price of BitShares increased 1.43% on Friday.

The weekday on which the BitShares performed the worst, is Monday. On Mondays, the BitShares declined in value on average by -1.21%.

BitShares weekday performance

On an average Sunday the BitShares shows an increase in value of 1.41%. However, the change of BitShares on most of the Sundays is between -2.72% and 5.53%. Therefore it is hard to tell whether an average Sunday is a good day to start buying BitSharess.

The BitShares declines in value on an average Monday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 4.10%. 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 0.25%. 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 (4.30%). This means that on 68 percent of the Tuesdays, the change in price of the BitShares is expected to be in the range of -4.04% and 4.55%.

BitShares increased in value on an average Wednesday only slightly. The average increase in value of the BitShares was 0.19%. 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 (3.86%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -3.66% and 4.05%.

Allthough the BitShares decreases in value with -0.58% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Thursdays is 3.67%. This means that the expected change of the value of BitShares is between -4.24% and 3.09% on 68 out of 100 Thursdays.

On an average Friday the BitShares shows an increase in value of 1.43%. However, the change of BitShares on most of the Fridays is between -3.34% and 6.20%. Therefore it is hard to tell whether an average Friday is a good day to start buying BitSharess.

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 0.71%. However, the uncertainty of this increase is high. The expected change in value of the BitShares on a Saturday is between -2.92% and 4.35% (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 1.41% 4.13% -2.72% to 5.53%
Monday -1.21% 4.10% -5.31% to 2.89%
Tuesday 0.25% 4.30% -4.04% to 4.55%
Wednesday 0.19% 3.86% -3.66% to 4.05%
Thursday -0.58% 3.67% -4.24% to 3.09%
Friday 1.43% 4.77% -3.34% to 6.20%
Saturday 0.71% 3.63% -2.92% to 4.35%
 

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