Factom (FCT)

Current price: $ 2.88

24 hours price change: $ -0.11 (-3.59%)

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 April 20th, 2019 to October 19th, 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 04/20/2019 and 10/19/2019.

According to the performance of Factom between April 20th, 2019 and October 19th, 2019, Factom performed the best on Thursdays. On average, the price of Factom increased 0.65% on Thursday.

The weekday on which the Factom performed the worst, is Monday. On Mondays, the Factom declined in value on average by -2.26%.

Factom weekday performance

Factom increased in value on an average Sunday only slightly. The average increase in value of the Factom was 0.02%. 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 (4.32%). This means that on 68 percent of the Sundays, the change in price of the Factom is expected to be in the range of -4.29% and 4.34%.

The Factom declines in value on an average Monday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 3.52%. 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 -0.59% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Tuesdays is 3.25%. This means that the expected change of the value of Factom is between -3.84% and 2.66% on 68 out of 100 Tuesdays.

Allthough the Factom decreases in value with -0.53% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Wednesdays is 6.07%. This means that the expected change of the value of Factom is between -6.60% and 5.53% on 68 out of 100 Wednesdays.

Historical performance on Thursday 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 Thursday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Factom on a Thursday is between -3.05% and 4.35% (see also the table below).

Allthough the Factom decreases in value with -0.43% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Factom on Fridays is 5.99%. This means that the expected change of the value of Factom is between -6.41% and 5.56% on 68 out of 100 Fridays.

It is hard to tell whether the Factom will increase or decrease in value on an average Saturday. The average change on a Saturday for the Factom is -0.25%. However, the standard deviation on this weekday is 4.15%. This means that on most Saturdays, the change in value of the Factom is between -4.39% and 3.90%.

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 0.02% 4.32% -4.29% to 4.34%
Monday -2.26% 3.52% -5.79% to 1.26%
Tuesday -0.59% 3.25% -3.84% to 2.66%
Wednesday -0.53% 6.07% -6.60% to 5.53%
Thursday 0.65% 3.70% -3.05% to 4.35%
Friday -0.43% 5.99% -6.41% to 5.56%
Saturday -0.25% 4.15% -4.39% to 3.90%