Factom (FCT)

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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 28th, 2021 to June 28th, 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 12/28/2021 and 06/28/2022.

According to the performance of Factom between December 28th, 2021 and June 28th, 2022, Factom performed the best on Fridays. On average, the price of Factom increased 1.03% on Friday.

The weekday on which the Factom performed the worst, is Monday. On Mondays, the Factom declined in value on average by -1.20%.

Factom weekday performance

Allthough the Factom decreases in value with -0.35% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Sundays is 2.59%. This means that the expected change of the value of Factom is between -2.94% and 2.25% on 68 out of 100 Sundays.

The Factom declines in value on an average Monday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 2.65%. This means that it is not possible to say whether on a regular Monday the Factom will increase or decrease in value.

Allthough the Factom decreases in value with -0.35% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Tuesdays is 3.11%. This means that the expected change of the value of Factom is between -3.46% and 2.76% on 68 out of 100 Tuesdays.

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 -0.05%. However, the standard deviation on this weekday is 2.03%. This means that on most Wednesdays, the change in value of the Factom is between -2.08% and 1.98%.

Allthough the Factom decreases in value with -0.38% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Thursdays is 4.83%. This means that the expected change of the value of Factom is between -5.21% and 4.45% on 68 out of 100 Thursdays.

On an average Friday the Factom shows an increase in value of 1.03%. However, the change of Factom on most of the Fridays is between -10.68% and 12.74%. Therefore it is hard to tell whether an average Friday is a good day to start buying Factoms.

Factom increased in value on an average Saturday only slightly. The average increase in value of the Factom was 0.25%. 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 (3.85%). This means that on 68 percent of the Saturdays, the change in price of the Factom is expected to be in the range of -3.60% and 4.10%.

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 -0.35% 2.59% -2.94% to 2.25%
Monday -1.20% 2.65% -3.85% to 1.45%
Tuesday -0.35% 3.11% -3.46% to 2.76%
Wednesday -0.05% 2.03% -2.08% to 1.98%
Thursday -0.38% 4.83% -5.21% to 4.45%
Friday 1.03% 11.71% -10.68% to 12.74%
Saturday 0.25% 3.85% -3.60% to 4.10%
 

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