Electroneum (ETN)

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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 November 24th, 2023 to May 17th, 2024.

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 11/24/2023 and 05/17/2024.

According to the performance of Electroneum between November 24th, 2023 and May 17th, 2024, Electroneum performed the best on Wednesdays. On average, the price of Electroneum increased 3.63% on Wednesday.

The weekday on which the Electroneum performed the worst, is Tuesday. On Tuesdays, the Electroneum declined in value on average by -2.25%.

Electroneum weekday performance

On an average Sunday the Electroneum shows an increase in value of 1.14%. However, the change of Electroneum on most of the Sundays is between -5.01% and 7.28%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Electroneums.

On an average Monday, the Electroneum increased 0.43%. However, since the expected deviation is 6.28%, the Electroneum will decline in value on a Monday quiet regularly. The expected price change of the Electroneum on a Monday is between -5.86% and 6.71%.

The Electroneum declines in value on an average Tuesday with -2.25%. However, the uncertainty (or standard deviation) is quite large, namely 7.31%. This means that it is not possible to say whether on a regular Tuesday the Electroneum will increase or decrease in value.

The increase in value of the Electroneum is 3.63% on an average Wednesday. However, the uncertainty on the average change is high for the Electroneum on Wednesdays. This is the reason why an expected increase of the Electroneum on an average Wednesday cannot be predicted. The standard deviation for Electroneum on Wednesdays is high, namely 9.50%. This means that the expected range of value change for the Electroneum is -5.86% and 13.13% on 68% of the Wednesdays.

Historical performance on Thursday 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 Thursday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Electroneum on a Thursday is between -4.20% and 5.58% (see also the table below).

On an average Friday, the Electroneum increased 0.58%. However, since the expected deviation is 5.07%, the Electroneum will decline in value on a Friday quiet regularly. The expected price change of the Electroneum on a Friday is between -4.49% and 5.64%.

On an average Saturday the Electroneum shows an increase in value of 1.20%. However, the change of Electroneum on most of the Saturdays is between -4.14% and 6.55%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Electroneums.

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 1.14% 6.15% -5.01% to 7.28%
Monday 0.43% 6.28% -5.86% to 6.71%
Tuesday -2.25% 7.31% -9.56% to 5.06%
Wednesday 3.63% 9.50% -5.86% to 13.13%
Thursday 0.69% 4.89% -4.20% to 5.58%
Friday 0.58% 5.07% -4.49% to 5.64%
Saturday 1.20% 5.34% -4.14% to 6.55%
 

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