Electroneum (ETN)

Current price: $ 0.004853

24 hours price change: $ -0.000262 (-5.13%)

Daily analysis of Electroneum (ETN) - 1 month

The performance of Electroneum regarding the price differs every day. To make the best decision to buy Electroneum, we are analysis in this article the performance of Electroneum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 24th, 2020 to October 23rd, 2020.

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

Average daily change in price of Electroneum per weekday between 09/24/2020 and 10/23/2020.

According to the performance of Electroneum between September 24th, 2020 and October 23rd, 2020, Electroneum performed the best on Fridays. On average, the price of Electroneum increased 0.67% on Friday.

The weekday on which the Electroneum performed the worst, is Monday. On Mondays, the Electroneum declined in value on average by -0.58%.

Electroneum weekday performance

Electroneum increased in value on an average Sunday only slightly. The average increase in value of the Electroneum was 0.05%. Allthough the Electroneum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.13%). This means that on 68 percent of the Sundays, the change in price of the Electroneum is expected to be in the range of -0.08% and 0.17%.

Allthough the Electroneum decreases in value with -0.58% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Electroneum on Mondays is 1.06%. This means that the expected change of the value of Electroneum is between -1.64% and 0.48% on 68 out of 100 Mondays.

It is hard to tell whether the Electroneum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Electroneum is -0.05%. However, the standard deviation on this weekday is 0.07%. This means that on most Tuesdays, the change in value of the Electroneum is between -0.12% and 0.02%.

Electroneum increased in value on an average Wednesday only slightly. The average increase in value of the Electroneum was 0.08%. Allthough the Electroneum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.09%). This means that on 68 percent of the Wednesdays, the change in price of the Electroneum is expected to be in the range of -0.01% and 0.17%.

It is hard to tell whether the Electroneum will increase or decrease in value on an average Thursday. The average change on a Thursday for the Electroneum is -0.05%. However, the standard deviation on this weekday is 0.08%. This means that on most Thursdays, the change in value of the Electroneum is between -0.13% and 0.02%.

Historical performance on Friday do not show an increase in value of the Electroneum on which a prediction can be made. The Electroneum increased in value on average on an average Friday with 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Electroneum on a Friday is between -0.63% and 1.98% (see also the table below).

It is hard to tell whether the Electroneum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Electroneum is -0.02%. However, the standard deviation on this weekday is 0.08%. This means that on most Saturdays, the change in value of the Electroneum is between -0.10% and 0.05%.

Electroneum weekday performance details

Find below the details of the performance of Electroneum 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 0.05% 0.13% -0.08% to 0.17%
Monday -0.58% 1.06% -1.64% to 0.48%
Tuesday -0.05% 0.07% -0.12% to 0.02%
Wednesday 0.08% 0.09% -0.01% to 0.17%
Thursday -0.05% 0.08% -0.13% to 0.02%
Friday 0.67% 1.30% -0.63% to 1.98%
Saturday -0.02% 0.08% -0.10% to 0.05%
 

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