IOTA (MIOTA)

Current price: $ 0.32

24 hours price change: $ 0.009000 (2.94%)

Daily analysis of IOTA (MIOTA) - 1 month

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 1 month, starting on April 29th, 2022 to May 29th, 2022.

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 04/29/2022 and 05/29/2022.

According to the performance of IOTA between April 29th, 2022 and May 29th, 2022, IOTA performed the best on Tuesdays. On average, the price of IOTA increased 0.28% on Tuesday.

The weekday on which the IOTA performed the worst, is Saturday. On Saturdays, the IOTA declined in value on average by -1.46%.

IOTA weekday performance

IOTA increased in value on an average Sunday 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 (0.07%). This means that on 68 percent of the Sundays, the change in price of the IOTA is expected to be in the range of -0.06% and 0.07%.

It is hard to tell whether the IOTA will increase or decrease in value on an average Monday. The average change on a Monday for the IOTA is -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Mondays, the change in value of the IOTA is between -0.04% and 0.01%.

IOTA increased in value on an average Tuesday only slightly. The average increase in value of the IOTA was 0.28%. 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 (0.36%). This means that on 68 percent of the Tuesdays, the change in price of the IOTA is expected to be in the range of -0.08% and 0.64%.

It is hard to tell whether the IOTA will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the IOTA is -0.10%. However, the standard deviation on this weekday is 0.12%. This means that on most Wednesdays, the change in value of the IOTA is between -0.22% and 0.01%.

The IOTA will almost not change or only slightly increase in value on an average Thursday. The average change of the IOTA on Thursdays is 0.17%. The standard deviation of the IOTA is 0.09%, which means that in 68% of the Thursdays, the range of the change of the IOTA is 0.08% and 0.26%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The IOTA declines in value on an average Friday with -1.30%. However, the uncertainty (or standard deviation) is quite large, namely 2.81%. This means that it is not possible to say whether on a regular Friday the IOTA will increase or decrease in value.

The IOTA declines in value on an average Saturday with -1.46%. However, the uncertainty (or standard deviation) is quite large, namely 3.08%. This means that it is not possible to say whether on a regular Saturday the IOTA will increase or decrease in value.

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 0.01% 0.07% -0.06% to 0.07%
Monday -0.02% 0.03% -0.04% to 0.01%
Tuesday 0.28% 0.36% -0.08% to 0.64%
Wednesday -0.10% 0.12% -0.22% to 0.01%
Thursday 0.17% 0.09% 0.08% to 0.26%
Friday -1.30% 2.81% -4.10% to 1.51%
Saturday -1.46% 3.08% -4.54% to 1.62%
 

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