BitShares (BTS)

Current price: $ 0.01

24 hours price change: $ 0.000161 (1.43%)

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 December 27th, 2021 to June 27th, 2022.

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 12/27/2021 and 06/27/2022.

According to the performance of BitShares between December 27th, 2021 and June 27th, 2022, BitShares performed the best on Wednesdays. On average, the price of BitShares increased 0.23% on Wednesday.

The weekday on which the BitShares performed the worst, is Friday. On Fridays, the BitShares declined in value on average by -0.82%.

BitShares weekday performance

It is hard to tell whether the BitShares will increase or decrease in value on an average Sunday. The average change on a Sunday for the BitShares is -0.02%. However, the standard deviation on this weekday is 0.77%. This means that on most Sundays, the change in value of the BitShares is between -0.79% and 0.74%.

Allthough the BitShares decreases in value with -0.33% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of BitShares on Mondays is 1.02%. This means that the expected change of the value of BitShares is between -1.35% and 0.70% on 68 out of 100 Mondays.

BitShares increased in value on an average Tuesday only slightly. The average increase in value of the BitShares was 0.04%. 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 (1.28%). This means that on 68 percent of the Tuesdays, the change in price of the BitShares is expected to be in the range of -1.25% and 1.32%.

BitShares increased in value on an average Wednesday 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 (1.47%). This means that on 68 percent of the Wednesdays, the change in price of the BitShares is expected to be in the range of -1.24% and 1.70%.

BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.11%. 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 (1.14%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -1.03% and 1.25%.

On Fridays, the BitShares decreases in value on average with -0.82%. On most of the Fridays the BitShares decreases in value between -2.96% and 1.32%. The uncertainty (2.14%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the BitShares on Fridays is large.

It is hard to tell whether the BitShares will increase or decrease in value on an average Saturday. The average change on a Saturday for the BitShares is -0.09%. However, the standard deviation on this weekday is 2.01%. This means that on most Saturdays, the change in value of the BitShares is between -2.10% and 1.92%.

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 -0.02% 0.77% -0.79% to 0.74%
Monday -0.33% 1.02% -1.35% to 0.70%
Tuesday 0.04% 1.28% -1.25% to 1.32%
Wednesday 0.23% 1.47% -1.24% to 1.70%
Thursday 0.11% 1.14% -1.03% to 1.25%
Friday -0.82% 2.14% -2.96% to 1.32%
Saturday -0.09% 2.01% -2.10% to 1.92%
 

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