Factom (FCT)

Current price: $ 1.80

24 hours price change: $ 0.05 (3.08%)

Daily analysis of Factom (FCT) - all

The performance of Factom regarding the price differs every day. To make the best decision to buy Factom, we are analysis in this article the performance of Factom on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 4th, 2015 to June 5th, 2020.

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

Average daily change in price of Factom per weekday between 10/04/2015 and 06/05/2020.

According to the performance of Factom between October 4th, 2015 and June 5th, 2020, Factom performed the best on Fridays. On average, the price of Factom increased 1.41% on Friday.

The weekday on which the Factom performed the worst, is Tuesday. On Tuesdays, the Factom declined in value on average by -0.62%.

Factom weekday performance

On an average Sunday the Factom shows an increase in value of 1.20%. However, the change of Factom on most of the Sundays is between -12.23% and 14.64%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Factoms.

On an average Monday, the Factom increased 0.30%. However, since the expected deviation is 9.67%, the Factom will decline in value on a Monday quiet regularly. The expected price change of the Factom on a Monday is between -9.36% and 9.97%.

On Tuesdays, the Factom decreases in value on average with -0.62%. On most of the Tuesdays the Factom decreases in value between -7.67% and 6.43%. The uncertainty (7.05%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Factom on Tuesdays is large.

Allthough the Factom decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Wednesdays is 7.35%. This means that the expected change of the value of Factom is between -7.72% and 6.97% on 68 out of 100 Wednesdays.

On an average Thursday, the Factom increased 0.53%. However, since the expected deviation is 7.61%, the Factom will decline in value on a Thursday quiet regularly. The expected price change of the Factom on a Thursday is between -7.09% and 8.14%.

On an average Friday the Factom shows an increase in value of 1.41%. However, the change of Factom on most of the Fridays is between -7.01% and 9.83%. Therefore it is hard to tell whether an average Friday is a good day to start buying Factoms.

Historical performance on Saturday do not show an increase in value of the Factom on which a prediction can be made. The Factom increased in value on average on an average Saturday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Saturday is between -7.13% and 8.85% (see also the table below).

Factom weekday performance details

Find below the details of the performance of Factom 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 1.20% 13.44% -12.23% to 14.64%
Monday 0.30% 9.67% -9.36% to 9.97%
Tuesday -0.62% 7.05% -7.67% to 6.43%
Wednesday -0.37% 7.35% -7.72% to 6.97%
Thursday 0.53% 7.61% -7.09% to 8.14%
Friday 1.41% 8.42% -7.01% to 9.83%
Saturday 0.86% 7.99% -7.13% to 8.85%
 

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