IOTA (MIOTA)

Current price: $ 0.24

24 hours price change: $ -0.005200 (-2.11%)

Daily analysis of IOTA (MIOTA) - all

The performance of IOTA regarding the price differs every day. To make the best decision to buy IOTA, we are analysis in this article the performance of IOTA on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on June 12th, 2017 to September 23rd, 2020.

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

Average daily change in price of IOTA per weekday between 06/12/2017 and 09/23/2020.

According to the performance of IOTA between June 12th, 2017 and September 23rd, 2020, IOTA performed the best on Mondays. On average, the price of IOTA increased 0.76% on Monday.

The weekday on which the IOTA performed the worst, is Wednesday. On Wednesdays, the IOTA declined in value on average by -0.64%.

IOTA weekday performance

Historical performance on Sunday do not show an increase in value of the IOTA on which a prediction can be made. The IOTA increased in value on average on an average Sunday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the IOTA on a Sunday is between -7.80% and 9.24% (see also the table below).

Historical performance on Monday do not show an increase in value of the IOTA on which a prediction can be made. The IOTA increased in value on average on an average Monday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the IOTA on a Monday is between -6.69% and 8.20% (see also the table below).

It is hard to tell whether the IOTA will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the IOTA is -0.06%. However, the standard deviation on this weekday is 6.57%. This means that on most Tuesdays, the change in value of the IOTA is between -6.63% and 6.51%.

On Wednesdays, the IOTA decreases in value on average with -0.64%. On most of the Wednesdays the IOTA decreases in value between -7.61% and 6.34%. The uncertainty (6.97%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the IOTA on Wednesdays is large.

IOTA increased in value on an average Thursday only slightly. The average increase in value of the IOTA was 0.05%. Allthough the IOTA closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.42%). This means that on 68 percent of the Thursdays, the change in price of the IOTA is expected to be in the range of -6.37% and 6.47%.

On an average Friday, the IOTA increased 0.47%. However, since the expected deviation is 4.65%, the IOTA will decline in value on a Friday quiet regularly. The expected price change of the IOTA on a Friday is between -4.18% and 5.12%.

IOTA increased in value on an average Saturday only slightly. The average increase in value of the IOTA was 0.01%. Allthough the IOTA closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.92%). This means that on 68 percent of the Saturdays, the change in price of the IOTA is expected to be in the range of -4.91% and 4.94%.

IOTA weekday performance details

Find below the details of the performance of IOTA 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 0.72% 8.52% -7.80% to 9.24%
Monday 0.76% 7.44% -6.69% to 8.20%
Tuesday -0.06% 6.57% -6.63% to 6.51%
Wednesday -0.64% 6.97% -7.61% to 6.34%
Thursday 0.05% 6.42% -6.37% to 6.47%
Friday 0.47% 4.65% -4.18% to 5.12%
Saturday 0.01% 4.92% -4.91% to 4.94%
 

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