IOTA (MIOTA)

Current price: $ 0.24

24 hours price change: $ -0.006400 (-2.56%)

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 May 19th, 2019 to November 18th, 2019.

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 05/19/2019 and 11/18/2019.

According to the performance of IOTA between May 19th, 2019 and November 18th, 2019, IOTA performed the best on Saturdays. On average, the price of IOTA increased 0.40% on Saturday.

The weekday on which the IOTA performed the worst, is Wednesday. On Wednesdays, the IOTA declined in value on average by -0.36%.

IOTA weekday performance

It is hard to tell whether the IOTA will increase or decrease in value on an average Sunday. The average change on a Sunday for the IOTA is -0.01%. However, the standard deviation on this weekday is 2.52%. This means that on most Sundays, the change in value of the IOTA is between -2.54% and 2.51%.

On an average Monday, the IOTA increased 0.34%. However, since the expected deviation is 2.08%, the IOTA will decline in value on a Monday quiet regularly. The expected price change of the IOTA on a Monday is between -1.74% and 2.42%.

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 -0.02%. However, the standard deviation on this weekday is 2.04%. This means that on most Tuesdays, the change in value of the IOTA is between -2.07% and 2.02%.

Allthough the IOTA decreases in value with -0.36% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of IOTA on Wednesdays is 1.69%. This means that the expected change of the value of IOTA is between -2.05% and 1.33% on 68 out of 100 Wednesdays.

IOTA increased in value on an average Thursday 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 (1.38%). This means that on 68 percent of the Thursdays, the change in price of the IOTA is expected to be in the range of -1.15% and 1.60%.

It is hard to tell whether the IOTA will increase or decrease in value on an average Friday. The average change on a Friday for the IOTA is -0.14%. However, the standard deviation on this weekday is 1.25%. This means that on most Fridays, the change in value of the IOTA is between -1.38% and 1.11%.

On an average Saturday, the IOTA increased 0.40%. However, since the expected deviation is 1.41%, the IOTA will decline in value on a Saturday quiet regularly. The expected price change of the IOTA on a Saturday is between -1.01% and 1.80%.

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% 2.52% -2.54% to 2.51%
Monday 0.34% 2.08% -1.74% to 2.42%
Tuesday -0.02% 2.04% -2.07% to 2.02%
Wednesday -0.36% 1.69% -2.05% to 1.33%
Thursday 0.22% 1.38% -1.15% to 1.60%
Friday -0.14% 1.25% -1.38% to 1.11%
Saturday 0.40% 1.41% -1.01% to 1.80%