Huobi Token (HT)

Current price: $ 13.17

24 hours price change: $ 0.22 (1.70%)

Daily analysis of Huobi Token (HT) - 1 month

The performance of Huobi Token regarding the price differs every day. To make the best decision to buy Huobi Token, we are analysis in this article the performance of Huobi Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 13th, 2021 to June 13th, 2021.

In the barchart below, the weekdays and average performance of Huobi Token are shown side by side.

Average daily change in price of Huobi Token per weekday between 05/13/2021 and 06/13/2021.

According to the performance of Huobi Token between May 13th, 2021 and June 13th, 2021, Huobi Token performed the best on Mondays. On average, the price of Huobi Token increased 1.35% on Monday.

The weekday on which the Huobi Token performed the worst, is Friday. On Fridays, the Huobi Token declined in value on average by -1.96%.

Huobi Token weekday performance

Allthough the Huobi Token decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Huobi Token on Sundays is 0.58%. This means that the expected change of the value of Huobi Token is between -0.91% and 0.26% on 68 out of 100 Sundays.

On an average Monday the Huobi Token shows an increase in value of 1.35%. However, the change of Huobi Token on most of the Mondays is between -0.72% and 3.41%. Therefore it is hard to tell whether an average Monday is a good day to start buying Huobi Tokens.

Huobi Token increased in value on an average Tuesday only slightly. The average increase in value of the Huobi Token was 0.21%. Allthough the Huobi Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.57%). This means that on 68 percent of the Tuesdays, the change in price of the Huobi Token is expected to be in the range of -0.36% and 0.77%.

The average increase of the Huobi Token on an average Wednesday is 0.31%. This is a small increase, however, the expected change of the Huobi Token in 95% of the Wednesdays is -0.20% and 0.83%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Huobi Token is below -0.20%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 0.83%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Huobi Token will be in the range of 0.05% and 0.57%.

On Thursdays, the Huobi Token decreases in value on average with -0.89%. On most of the Thursdays the Huobi Token decreases in value between -2.98% and 1.19%. The uncertainty (2.09%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the Huobi Token on Thursdays is large.

The Huobi Token declines in value on an average Friday with -1.96%. However, the uncertainty (or standard deviation) is quite large, namely 3.64%. This means that it is not possible to say whether on a regular Friday the Huobi Token will increase or decrease in value.

On an average Saturday, the Huobi Token increased 0.33%. However, since the expected deviation is 0.59%, the Huobi Token will decline in value on a Saturday quiet regularly. The expected price change of the Huobi Token on a Saturday is between -0.26% and 0.91%.

Huobi Token weekday performance details

Find below the details of the performance of Huobi Token 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 -0.32% 0.58% -0.91% to 0.26%
Monday 1.35% 2.07% -0.72% to 3.41%
Tuesday 0.21% 0.57% -0.36% to 0.77%
Wednesday 0.31% 0.26% 0.05% to 0.57%
Thursday -0.89% 2.09% -2.98% to 1.19%
Friday -1.96% 3.64% -5.60% to 1.68%
Saturday 0.33% 0.59% -0.26% to 0.91%

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