Electroneum (ETN)

Current price: $ 0.008397

24 hours price change: $ -0.000477 (-5.38%)

Daily analysis of Electroneum (ETN) - 6 months

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 6 months, starting on December 1st, 2019 to May 31st, 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 12/01/2019 and 05/31/2020.

According to the performance of Electroneum between December 1st, 2019 and May 31st, 2020, Electroneum performed the best on Saturdays. On average, the price of Electroneum increased 0.52% on Saturday.

The weekday on which the Electroneum performed the worst, is Wednesday. On Wednesdays, the Electroneum declined in value on average by -0.31%.

Electroneum weekday performance

It is hard to tell whether the Electroneum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Electroneum is -0.07%. However, the standard deviation on this weekday is 0.98%. This means that on most Sundays, the change in value of the Electroneum is between -1.05% and 0.90%.

Electroneum increased in value on an average Monday 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 (0.71%). This means that on 68 percent of the Mondays, the change in price of the Electroneum is expected to be in the range of -0.66% and 0.77%.

On an average Tuesday, the Electroneum increased 0.33%. However, since the expected deviation is 1.09%, the Electroneum will decline in value on a Tuesday quiet regularly. The expected price change of the Electroneum on a Tuesday is between -0.76% and 1.42%.

Allthough the Electroneum decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Electroneum on Wednesdays is 0.85%. This means that the expected change of the value of Electroneum is between -1.16% and 0.54% on 68 out of 100 Wednesdays.

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 -0.03%. However, the standard deviation on this weekday is 1.15%. This means that on most Thursdays, the change in value of the Electroneum is between -1.19% and 1.12%.

It is hard to tell whether the Electroneum will increase or decrease in value on an average Friday. The average change on a Friday for the Electroneum is -0.12%. However, the standard deviation on this weekday is 1.26%. This means that on most Fridays, the change in value of the Electroneum is between -1.39% and 1.14%.

On an average Saturday, the Electroneum increased 0.52%. However, since the expected deviation is 1.01%, the Electroneum will decline in value on a Saturday quiet regularly. The expected price change of the Electroneum on a Saturday is between -0.49% and 1.54%.

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 -0.07% 0.98% -1.05% to 0.90%
Monday 0.05% 0.71% -0.66% to 0.77%
Tuesday 0.33% 1.09% -0.76% to 1.42%
Wednesday -0.31% 0.85% -1.16% to 0.54%
Thursday -0.03% 1.15% -1.19% to 1.12%
Friday -0.12% 1.26% -1.39% to 1.14%
Saturday 0.52% 1.01% -0.49% to 1.54%
 

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