Factom (FCT)

Current price: $ 0.04

24 hours price change: $ -0.000533 (-1.36%)

Daily analysis of Factom (FCT) - 1 month

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 1 month, starting on November 10th, 2022 to December 10th, 2022.

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 11/10/2022 and 12/10/2022.

According to the performance of Factom between November 10th, 2022 and December 10th, 2022, Factom performed the best on Wednesdays. On average, the price of Factom increased 8.75% on Wednesday.

The weekday on which the Factom performed the worst, is Thursday. On Thursdays, the Factom declined in value on average by -0.22%.

Factom weekday performance

The Factom will almost not change or only slightly increase in value on an average Sunday. The average change of the Factom on Sundays is 0.21%. The standard deviation of the Factom is 0.12%, which means that in 68% of the Sundays, the range of the change of the Factom is 0.09% and 0.32%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Factom increased in value on an average Monday only slightly. The average increase in value of the Factom was 0.16%. Allthough the Factom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.39%). This means that on 68 percent of the Mondays, the change in price of the Factom is expected to be in the range of -0.22% and 0.55%.

On an average Tuesday the Factom shows an increase in value of 1.20%. However, the change of Factom on most of the Tuesdays is between -1.00% and 3.40%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Factoms.

On Wednesdays, the average increase of the value of the Factom is very high. The average increase is 8.75%. The standard deviation of the Factom on Wednesdays is 8.39%. This means that on 68% of the Wednesdays, the Factom increases between 0.36% and 17.14%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Factom will increase.

It is hard to tell whether the Factom will increase or decrease in value on an average Thursday. The average change on a Thursday for the Factom is -0.22%. However, the standard deviation on this weekday is 1.78%. This means that on most Thursdays, the change in value of the Factom is between -2.00% and 1.56%.

Factom increased in value on an average Friday only slightly. The average increase in value of the Factom was 0.19%. Allthough the Factom closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.66%). This means that on 68 percent of the Fridays, the change in price of the Factom is expected to be in the range of -0.48% and 0.85%.

It is hard to tell whether the Factom will increase or decrease in value on an average Saturday. The average change on a Saturday for the Factom is -0.18%. However, the standard deviation on this weekday is 0.45%. This means that on most Saturdays, the change in value of the Factom is between -0.63% and 0.27%.

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 0.21% 0.12% 0.09% to 0.32%
Monday 0.16% 0.39% -0.22% to 0.55%
Tuesday 1.20% 2.20% -1.00% to 3.40%
Wednesday 8.75% 8.39% 0.36% to 17.14%
Thursday -0.22% 1.78% -2.00% to 1.56%
Friday 0.19% 0.66% -0.48% to 0.85%
Saturday -0.18% 0.45% -0.63% to 0.27%
 

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