IOTA (MIOTA)

Current price: $ 0.21

24 hours price change: $ -0.001700 (-0.82%)

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 November 10th, 2022 to December 10th, 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 11/10/2022 and 12/10/2022.

According to the performance of IOTA between November 10th, 2022 and December 10th, 2022, IOTA performed the best on Sundays. On average, the price of IOTA increased 0.51% on Sunday.

The weekday on which the IOTA performed the worst, is Monday. On Mondays, the IOTA declined in value on average by -0.56%.

IOTA weekday performance

The average increase of the IOTA on an average Sunday is 0.51%. This is a small increase, however, the expected change of the IOTA in 95% of the Sundays is -0.33% and 1.34%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the IOTA is below -0.33%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.34%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the IOTA will be in the range of 0.09% and 0.93%.

Allthough the IOTA decreases in value with -0.56% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Mondays is 1.01%. This means that the expected change of the value of IOTA is between -1.58% and 0.45% on 68 out of 100 Mondays.

Allthough the IOTA decreases in value with -0.33% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Tuesdays is 0.56%. This means that the expected change of the value of IOTA is between -0.89% and 0.23% on 68 out of 100 Tuesdays.

IOTA increased in value on an average Wednesday only slightly. The average increase in value of the IOTA was 0.20%. 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 (0.99%). This means that on 68 percent of the Wednesdays, the change in price of the IOTA is expected to be in the range of -0.79% and 1.18%.

IOTA increased in value on an average Thursday only slightly. The average increase in value of the IOTA was 0.25%. 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 (0.81%). This means that on 68 percent of the Thursdays, the change in price of the IOTA is expected to be in the range of -0.56% and 1.06%.

On an average Friday, the IOTA increased 0.42%. However, since the expected deviation is 0.61%, the IOTA will decline in value on a Friday quiet regularly. The expected price change of the IOTA on a Friday is between -0.19% and 1.03%.

IOTA increased in value on an average Saturday only slightly. The average increase in value of the IOTA was 0.03%. 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 (0.83%). This means that on 68 percent of the Saturdays, the change in price of the IOTA is expected to be in the range of -0.80% and 0.86%.

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 0.51% 0.42% 0.09% to 0.93%
Monday -0.56% 1.01% -1.58% to 0.45%
Tuesday -0.33% 0.56% -0.89% to 0.23%
Wednesday 0.20% 0.99% -0.79% to 1.18%
Thursday 0.25% 0.81% -0.56% to 1.06%
Friday 0.42% 0.61% -0.19% to 1.03%
Saturday 0.03% 0.83% -0.80% to 0.86%
 

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