Factom (FCT)

Current price: $ 1.83

24 hours price change: $ 0.08 (4.86%)

Daily analysis of Factom (FCT) - 6 months

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 6 months, starting on December 1st, 2019 to May 31st, 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 12/01/2019 and 05/31/2020.

According to the performance of Factom between December 1st, 2019 and May 31st, 2020, Factom performed the best on Mondays. On average, the price of Factom increased 0.61% on Monday.

The weekday on which the Factom performed the worst, is Wednesday. On Wednesdays, the Factom declined in value on average by -0.07%.

Factom weekday performance

Factom increased in value on an average Sunday only slightly. The average increase in value of the Factom was 0.03%. 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 (2.43%). This means that on 68 percent of the Sundays, the change in price of the Factom is expected to be in the range of -2.41% and 2.46%.

Historical performance on Monday 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 Monday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Monday is between -1.88% and 3.10% (see also the table below).

Factom increased in value on an average Tuesday 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 (1.66%). This means that on 68 percent of the Tuesdays, the change in price of the Factom is expected to be in the range of -1.50% and 1.82%.

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 -0.07%. However, the standard deviation on this weekday is 0.98%. This means that on most Wednesdays, the change in value of the Factom is between -1.06% and 0.91%.

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 -0.07%. However, the standard deviation on this weekday is 2.68%. This means that on most Thursdays, the change in value of the Factom is between -2.75% and 2.60%.

Factom increased in value on an average Friday only slightly. The average increase in value of the Factom was 0.06%. 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 (2.01%). This means that on 68 percent of the Fridays, the change in price of the Factom is expected to be in the range of -1.96% and 2.07%.

Factom increased in value on an average Saturday only slightly. The average increase in value of the Factom was 0.27%. 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 (2.63%). This means that on 68 percent of the Saturdays, the change in price of the Factom is expected to be in the range of -2.37% and 2.90%.

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 0.03% 2.43% -2.41% to 2.46%
Monday 0.61% 2.49% -1.88% to 3.10%
Tuesday 0.16% 1.66% -1.50% to 1.82%
Wednesday -0.07% 0.98% -1.06% to 0.91%
Thursday -0.07% 2.68% -2.75% to 2.60%
Friday 0.06% 2.01% -1.96% to 2.07%
Saturday 0.27% 2.63% -2.37% to 2.90%
 

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