The performance of Bytom regarding the price differs every day. To make the best decision to buy Bytom, we are analysis in this article the performance of Bytom on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on December 1st, 2014 to December 6th, 2023.
In the barchart below, the weekdays and average performance of Bytom are shown side by side.
According to the performance of Bytom between December 1st, 2014 and December 6th, 2023, Bytom performed the best on Fridays. On average, the price of Bytom increased 5.02% on Friday.
The weekday on which the Bytom performed the worst, is Sunday. On Sundays, the Bytom rose in value on average by 0.19%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.
Bytom weekday performance
Bytom increased in value on an average Sunday only slightly. The average increase in value of the Bytom was 0.19%. Allthough the Bytom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (12.60%). This means that on 68 percent of the Sundays, the change in price of the Bytom is expected to be in the range of -12.41% and 12.79%.
On an average Monday, the Bytom increased 0.57%. However, since the expected deviation is 21.17%, the Bytom will decline in value on a Monday quiet regularly. The expected price change of the Bytom on a Monday is between -20.61% and 21.74%.
On an average Tuesday the Bytom shows an increase in value of 1.59%. However, the change of Bytom on most of the Tuesdays is between -31.02% and 34.19%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bytoms.
On an average Wednesday the Bytom shows an increase in value of 2.47%. However, the change of Bytom on most of the Wednesdays is between -27.35% and 32.28%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytoms.
On an average Thursday the Bytom shows an increase in value of 1.43%. However, the change of Bytom on most of the Thursdays is between -20.49% and 23.35%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bytoms.
The increase in value of the Bytom is 5.02% on an average Friday. However, the uncertainty on the average change is high for the Bytom on Fridays. This is the reason why an expected increase of the Bytom on an average Friday cannot be predicted. The standard deviation for Bytom on Fridays is high, namely 45.13%. This means that the expected range of value change for the Bytom is -40.11% and 50.15% on 68% of the Fridays.
On an average Saturday the Bytom shows an increase in value of 1.64%. However, the change of Bytom on most of the Saturdays is between -19.16% and 22.43%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bytoms.
Bytom weekday performance details
Find below the details of the performance of Bytom 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||0.19%||12.60%||-12.41% to 12.79%|
|Monday||0.57%||21.17%||-20.61% to 21.74%|
|Tuesday||1.59%||32.60%||-31.02% to 34.19%|
|Wednesday||2.47%||29.81%||-27.35% to 32.28%|
|Thursday||1.43%||21.92%||-20.49% to 23.35%|
|Friday||5.02%||45.13%||-40.11% to 50.15%|
|Saturday||1.64%||20.80%||-19.16% to 22.43%|