Bytom (BTM)

Current price: $ 0.07

24 hours price change: $ 0.004190 (5.94%)

Daily analysis of Bytom (BTM) - 1 month

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 1 month, starting on May 13th, 2021 to June 13th, 2021.

In the barchart below, the weekdays and average performance of Bytom are shown side by side.

Average daily change in price of Bytom per weekday between 05/13/2021 and 06/13/2021.

According to the performance of Bytom between May 13th, 2021 and June 13th, 2021, Bytom performed the best on Wednesdays. On average, the price of Bytom increased 1.57% on Wednesday.

The weekday on which the Bytom performed the worst, is Friday. On Fridays, the Bytom declined in value on average by -1.92%.

Bytom weekday performance

Bytom increased in value on an average Sunday only slightly. The average increase in value of the Bytom was 0.16%. 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 (0.29%). This means that on 68 percent of the Sundays, the change in price of the Bytom is expected to be in the range of -0.13% and 0.45%.

On an average Monday the Bytom shows an increase in value of 1.46%. However, the change of Bytom on most of the Mondays is between -1.05% and 3.98%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytoms.

It is hard to tell whether the Bytom will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytom is -0.13%. However, the standard deviation on this weekday is 0.39%. This means that on most Tuesdays, the change in value of the Bytom is between -0.51% and 0.26%.

On an average Wednesday the Bytom shows an increase in value of 1.57%. However, the change of Bytom on most of the Wednesdays is between -1.17% and 4.30%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytoms.

Allthough the Bytom decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bytom on Thursdays is 1.19%. This means that the expected change of the value of Bytom is between -1.59% and 0.79% on 68 out of 100 Thursdays.

The Bytom declines in value on an average Friday with -1.92%. However, the uncertainty (or standard deviation) is quite large, namely 3.83%. This means that it is not possible to say whether on a regular Friday the Bytom will increase or decrease in value.

Bytom increased in value on an average Saturday only slightly. The average increase in value of the Bytom was 0.01%. 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 (0.35%). This means that on 68 percent of the Saturdays, the change in price of the Bytom is expected to be in the range of -0.34% and 0.36%.

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 0.16% 0.29% -0.13% to 0.45%
Monday 1.46% 2.51% -1.05% to 3.98%
Tuesday -0.13% 0.39% -0.51% to 0.26%
Wednesday 1.57% 2.73% -1.17% to 4.30%
Thursday -0.40% 1.19% -1.59% to 0.79%
Friday -1.92% 3.83% -5.75% to 1.90%
Saturday 0.01% 0.35% -0.34% to 0.36%
 

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