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 April 2nd, 2023 to October 2nd, 2023.
In the barchart below, the weekdays and average performance of Factom are shown side by side.
According to the performance of Factom between April 2nd, 2023 and October 2nd, 2023, Factom performed the best on Thursdays. On average, the price of Factom increased 0.40% on Thursday.
The weekday on which the Factom performed the worst, is Tuesday. On Tuesdays, the Factom declined in value on average by -0.03%.
Factom weekday performance
Factom increased in value on an average Sunday only slightly. The average increase in value of the Factom was 0.29%. 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 (1.20%). This means that on 68 percent of the Sundays, the change in price of the Factom is expected to be in the range of -0.90% and 1.49%.
Factom increased in value on an average Monday only slightly. The average increase in value of the Factom was 0.09%. 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 (0.47%). This means that on 68 percent of the Mondays, the change in price of the Factom is expected to be in the range of -0.38% and 0.55%.
It is hard to tell whether the Factom will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Factom is -0.03%. However, the standard deviation on this weekday is 0.92%. This means that on most Tuesdays, the change in value of the Factom is between -0.95% and 0.88%.
Factom increased in value on an average Wednesday only slightly. The average increase in value of the Factom was 0.17%. 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 (0.59%). This means that on 68 percent of the Wednesdays, the change in price of the Factom is expected to be in the range of -0.42% and 0.76%.
On an average Thursday, the Factom increased 0.40%. However, since the expected deviation is 1.14%, the Factom will decline in value on a Thursday quiet regularly. The expected price change of the Factom on a Thursday is between -0.74% and 1.53%.
It is hard to tell whether the Factom will increase or decrease in value on an average Friday. The average change on a Friday for the Factom is -0.01%. However, the standard deviation on this weekday is 1.17%. This means that on most Fridays, the change in value of the Factom is between -1.18% and 1.16%.
On an average Saturday, the Factom increased 0.38%. However, since the expected deviation is 1.28%, the Factom will decline in value on a Saturday quiet regularly. The expected price change of the Factom on a Saturday is between -0.90% and 1.65%.
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 | 0.29% | 1.20% | -0.90% to 1.49% |
| Monday | 0.09% | 0.47% | -0.38% to 0.55% |
| Tuesday | -0.03% | 0.92% | -0.95% to 0.88% |
| Wednesday | 0.17% | 0.59% | -0.42% to 0.76% |
| Thursday | 0.40% | 1.14% | -0.74% to 1.53% |
| Friday | -0.01% | 1.17% | -1.18% to 1.16% |
| Saturday | 0.38% | 1.28% | -0.90% to 1.65% |