Factom (FCT)

Current price: $ 0.29

24 hours price change: $ -0.007564 (-2.50%)

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 April 26th, 2022 to May 26th, 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 04/26/2022 and 05/26/2022.

According to the performance of Factom between April 26th, 2022 and May 26th, 2022, Factom performed the best on Thursdays. On average, the price of Factom increased 2.79% on Thursday.

The weekday on which the Factom performed the worst, is Friday. On Fridays, the Factom declined in value on average by -4.20%.

Factom weekday performance

It is hard to tell whether the Factom will increase or decrease in value on an average Sunday. The average change on a Sunday for the Factom is 0.00%. However, the standard deviation on this weekday is 0.05%. This means that on most Sundays, the change in value of the Factom is between -0.06% and 0.05%.

It is hard to tell whether the Factom will increase or decrease in value on an average Monday. The average change on a Monday for the Factom is 0.00%. However, the standard deviation on this weekday is 0.10%. This means that on most Mondays, the change in value of the Factom is between -0.10% and 0.09%.

Historical performance on Tuesday 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 Tuesday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Tuesday is between -0.10% and 1.70% (see also the table below).

It is hard to tell whether the Factom will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Factom is -0.01%. However, the standard deviation on this weekday is 0.12%. This means that on most Wednesdays, the change in value of the Factom is between -0.13% and 0.11%.

On an average Thursday the Factom shows an increase in value of 2.79%. However, the change of Factom on most of the Thursdays is between -2.40% and 7.98%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Factoms.

The decrease in value of the Factom is -4.20% on an average Friday. The uncertainty of the average change is high for the Factom on Fridays. This means that it is hard to tell whether the Factom will decrease or increase in value on an average Friday. If we look at the 68% range of the Factom, we see that on 68% of the Fridays, the expected change of the Factom is between -11.48% and 3.07%.

The Factom declines in value on an average Saturday with -2.71%. However, the uncertainty (or standard deviation) is quite large, namely 4.81%. This means that it is not possible to say whether on a regular Saturday the Factom will increase or decrease in value.

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 0.00% 0.05% -0.06% to 0.05%
Monday 0.00% 0.10% -0.10% to 0.09%
Tuesday 0.80% 0.90% -0.10% to 1.70%
Wednesday -0.01% 0.12% -0.13% to 0.11%
Thursday 2.79% 5.19% -2.40% to 7.98%
Friday -4.20% 7.28% -11.48% to 3.07%
Saturday -2.71% 4.81% -7.51% to 2.10%
 

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