Factom (FCT)

Current price: $ 3.48

24 hours price change: $ 0.04 (1.23%)

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 September 16th, 2019 to October 15th, 2019.

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 09/16/2019 and 10/15/2019.

According to the performance of Factom between September 16th, 2019 and October 15th, 2019, Factom performed the best on Wednesdays. On average, the price of Factom increased 2.24% on Wednesday.

The weekday on which the Factom performed the worst, is Friday. On Fridays, the Factom declined in value on average by -1.64%.

Factom weekday performance

Allthough the Factom decreases in value with -0.57% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Sundays is 0.99%. This means that the expected change of the value of Factom is between -1.56% and 0.41% on 68 out of 100 Sundays.

On Mondays, the Factom decreases in value on average with -0.88%. On most of the Mondays the Factom decreases in value between -2.41% and 0.65%. The uncertainty (1.53%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the Factom on Mondays is large.

Factom increased in value on an average Tuesday only slightly. The average increase in value of the Factom was 0.08%. 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 (0.57%). This means that on 68 percent of the Tuesdays, the change in price of the Factom is expected to be in the range of -0.49% and 0.64%.

On an average Wednesday the Factom shows an increase in value of 2.24%. However, the change of Factom on most of the Wednesdays is between -0.20% and 4.69%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Factoms.

On an average Thursday, the Factom increased 0.34%. However, since the expected deviation is 3.46%, the Factom will decline in value on a Thursday quiet regularly. The expected price change of the Factom on a Thursday is between -3.12% and 3.80%.

The Factom declines in value on an average Friday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 1.21%. This means that it is not possible to say whether on a regular Friday the Factom will increase or decrease in value.

On an average Saturday the Factom shows an increase in value of 1.21%. However, the change of Factom on most of the Saturdays is between -1.51% and 3.92%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Factoms.

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 -0.57% 0.99% -1.56% to 0.41%
Monday -0.88% 1.53% -2.41% to 0.65%
Tuesday 0.08% 0.57% -0.49% to 0.64%
Wednesday 2.24% 2.44% -0.20% to 4.69%
Thursday 0.34% 3.46% -3.12% to 3.80%
Friday -1.64% 1.21% -2.85% to -0.43%
Saturday 1.21% 2.72% -1.51% to 3.92%