IOTA (MIOTA)

Current price: $ 2.48

24 hours price change: $ -0.11 (-4.34%)

Daily analysis of IOTA (MIOTA) - 6 months

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 6 months, starting on October 17th, 2020 to April 17th, 2021.

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 10/17/2020 and 04/17/2021.

According to the performance of IOTA between October 17th, 2020 and April 17th, 2021, IOTA performed the best on Fridays. On average, the price of IOTA increased 0.73% on Friday.

The weekday on which the IOTA performed the worst, is Sunday. On Sundays, the IOTA declined in value on average by -0.54%.

IOTA weekday performance

Allthough the IOTA decreases in value with -0.54% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Sundays is 1.78%. This means that the expected change of the value of IOTA is between -2.32% and 1.25% on 68 out of 100 Sundays.

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 -0.12%. However, the standard deviation on this weekday is 2.65%. This means that on most Mondays, the change in value of the IOTA is between -2.78% and 2.53%.

IOTA increased in value on an average Tuesday only slightly. The average increase in value of the IOTA was 0.22%. 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 (3.04%). This means that on 68 percent of the Tuesdays, the change in price of the IOTA is expected to be in the range of -2.82% and 3.26%.

Allthough the IOTA decreases in value with -0.32% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Wednesdays is 2.30%. This means that the expected change of the value of IOTA is between -2.62% and 1.99% on 68 out of 100 Wednesdays.

On an average Thursday, the IOTA increased 0.48%. However, since the expected deviation is 2.33%, the IOTA will decline in value on a Thursday quiet regularly. The expected price change of the IOTA on a Thursday is between -1.85% and 2.81%.

Historical performance on Friday 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 Friday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the IOTA on a Friday is between -1.46% and 2.91% (see also the table below).

It is hard to tell whether the IOTA will increase or decrease in value on an average Saturday. The average change on a Saturday for the IOTA is -0.05%. However, the standard deviation on this weekday is 2.48%. This means that on most Saturdays, the change in value of the IOTA is between -2.53% and 2.44%.

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 -0.54% 1.78% -2.32% to 1.25%
Monday -0.12% 2.65% -2.78% to 2.53%
Tuesday 0.22% 3.04% -2.82% to 3.26%
Wednesday -0.32% 2.30% -2.62% to 1.99%
Thursday 0.48% 2.33% -1.85% to 2.81%
Friday 0.73% 2.18% -1.46% to 2.91%
Saturday -0.05% 2.48% -2.53% to 2.44%
 

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