Qtum (QTUM)

Current price: $ 12.09

24 hours price change: $ -1.24 (-9.32%)

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 September 27th, 2021 to October 27th, 2021.

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 09/27/2021 and 10/27/2021.

According to the performance of Qtum between September 27th, 2021 and October 27th, 2021, Qtum performed the best on Sundays. On average, the price of Qtum increased 0.45% on Sunday.

The weekday on which the Qtum performed the worst, is Monday. On Mondays, the Qtum declined in value on average by -0.03%.

Qtum weekday performance

The average increase of the Qtum on an average Sunday is 0.45%. This is a small increase, however, the expected change of the Qtum in 95% of the Sundays is -0.22% and 1.11%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Qtum is below -0.22%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.11%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the Qtum will be in the range of 0.11% and 0.78%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Monday. The average change on a Monday for the Qtum is -0.03%. However, the standard deviation on this weekday is 0.04%. This means that on most Mondays, the change in value of the Qtum is between -0.07% and 0.01%.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.05%. Allthough the Qtum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.06%). This means that on 68 percent of the Tuesdays, the change in price of the Qtum is expected to be in the range of -0.01% and 0.10%.

Qtum increased in value on an average Wednesday only slightly. The average increase in value of the Qtum was 0.05%. Allthough the Qtum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.06%). This means that on 68 percent of the Wednesdays, the change in price of the Qtum is expected to be in the range of -0.02% and 0.11%.

Qtum increased in value on an average Thursday only slightly. The average increase in value of the Qtum was 0.06%. Allthough the Qtum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.06%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of 0.00% and 0.12%.

Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.02%. Allthough the Qtum closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.03%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -0.01% and 0.05%.

The Qtum will almost not change or only slightly increase in value on an average Saturday. The average change of the Qtum on Saturdays is 0.10%. The standard deviation of the Qtum is 0.09%, which means that in 68% of the Saturdays, the range of the change of the Qtum is 0.01% and 0.19%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 0.45% 0.33% 0.11% to 0.78%
Monday -0.03% 0.04% -0.07% to 0.01%
Tuesday 0.05% 0.06% -0.01% to 0.10%
Wednesday 0.05% 0.06% -0.02% to 0.11%
Thursday 0.06% 0.06% 0.00% to 0.12%
Friday 0.02% 0.03% -0.01% to 0.05%
Saturday 0.10% 0.09% 0.01% to 0.19%
 

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