Qtum (QTUM)

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Daily analysis of Qtum (QTUM) - 1 month

The performance of Qtum regarding the price differs every day. To make the best decision to buy Qtum, we are analysis in this article the performance of Qtum on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 24th, 2024 to May 17th, 2024.

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

Average daily change in price of Qtum per weekday between 04/24/2024 and 05/17/2024.

According to the performance of Qtum between April 24th, 2024 and May 17th, 2024, Qtum performed the best on Mondays. On average, the price of Qtum increased 0.74% on Monday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -2.83%.

Qtum weekday performance

It is hard to tell whether the Qtum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Qtum is -0.18%. However, the standard deviation on this weekday is 0.25%. This means that on most Sundays, the change in value of the Qtum is between -0.43% and 0.08%.

Historical performance on Monday do not show an increase in value of the Qtum on which a prediction can be made. The Qtum increased in value on average on an average Monday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Monday is between -0.29% and 1.78% (see also the table below).

The Qtum declines in value on an average Tuesday with -2.83%. However, the uncertainty (or standard deviation) is quite large, namely 4.01%. This means that it is not possible to say whether on a regular Tuesday the Qtum will increase or decrease in value.

It is hard to tell whether the Qtum will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Qtum is -0.07%. However, the standard deviation on this weekday is 0.11%. This means that on most Wednesdays, the change in value of the Qtum is between -0.19% and 0.04%.

On Thursdays, the Qtum decreases in value on average with -0.74%. On most of the Thursdays the Qtum decreases in value between -1.90% and 0.42%. The uncertainty (1.16%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Qtum on Thursdays is large.

It is hard to tell whether the Qtum will increase or decrease in value on an average Friday. The average change on a Friday for the Qtum is -0.19%. However, the standard deviation on this weekday is 0.22%. This means that on most Fridays, the change in value of the Qtum is between -0.41% and 0.03%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Qtum is -0.15%. However, the standard deviation on this weekday is 0.13%. This means that on most Saturdays, the change in value of the Qtum is between -0.28% and -0.02%.

Qtum weekday performance details

Find below the details of the performance of Qtum 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 -0.18% 0.25% -0.43% to 0.08%
Monday 0.74% 1.03% -0.29% to 1.78%
Tuesday -2.83% 4.01% -6.84% to 1.17%
Wednesday -0.07% 0.11% -0.19% to 0.04%
Thursday -0.74% 1.16% -1.90% to 0.42%
Friday -0.19% 0.22% -0.41% to 0.03%
Saturday -0.15% 0.13% -0.28% to -0.02%
 

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