Factom (FCT)

Current price: $ 1.49

24 hours price change: $ -0.02 (-1.02%)

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 March 28th, 2021 to September 28th, 2021.

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 03/28/2021 and 09/28/2021.

According to the performance of Factom between March 28th, 2021 and September 28th, 2021, Factom performed the best on Wednesdays. On average, the price of Factom increased 1.25% on Wednesday.

The weekday on which the Factom performed the worst, is Thursday. On Thursdays, the Factom declined in value on average by -0.91%.

Factom weekday performance

On an average Sunday, the Factom increased 0.49%. However, since the expected deviation is 1.23%, the Factom will decline in value on a Sunday quiet regularly. The expected price change of the Factom on a Sunday is between -0.74% and 1.73%.

On an average Monday, the Factom increased 0.57%. However, since the expected deviation is 2.89%, the Factom will decline in value on a Monday quiet regularly. The expected price change of the Factom on a Monday is between -2.32% and 3.45%.

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 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Tuesday is between -2.01% and 3.39% (see also the table below).

On an average Wednesday the Factom shows an increase in value of 1.25%. However, the change of Factom on most of the Wednesdays is between -2.35% and 4.84%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Factoms.

On Thursdays, the Factom decreases in value on average with -0.91%. On most of the Thursdays the Factom decreases in value between -4.08% and 2.26%. The uncertainty (3.17%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Factom on Thursdays is large.

Factom increased in value on an average Friday only slightly. The average increase in value of the Factom was 0.20%. 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 (2.70%). This means that on 68 percent of the Fridays, the change in price of the Factom is expected to be in the range of -2.50% and 2.90%.

Allthough the Factom decreases in value with -0.53% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Saturdays is 1.70%. This means that the expected change of the value of Factom is between -2.23% and 1.17% on 68 out of 100 Saturdays.

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 0.49% 1.23% -0.74% to 1.73%
Monday 0.57% 2.89% -2.32% to 3.45%
Tuesday 0.69% 2.70% -2.01% to 3.39%
Wednesday 1.25% 3.60% -2.35% to 4.84%
Thursday -0.91% 3.17% -4.08% to 2.26%
Friday 0.20% 2.70% -2.50% to 2.90%
Saturday -0.53% 1.70% -2.23% to 1.17%
 

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