Qtum (QTUM)

Current price: $ 3.43

24 hours price change: $ 3.43 (inf%)

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 December 25th, 2020 to January 17th, 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 12/25/2020 and 01/17/2021.

According to the performance of Qtum between December 25th, 2020 and January 17th, 2021, Qtum performed the best on Saturdays. On average, the price of Qtum increased 1.58% on Saturday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -1.27%.

Qtum weekday performance

Qtum increased in value on an average Sunday only slightly. The average increase in value of the Qtum was 0.11%. 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 (2.01%). This means that on 68 percent of the Sundays, the change in price of the Qtum is expected to be in the range of -1.90% and 2.12%.

Qtum increased in value on an average Monday only slightly. The average increase in value of the Qtum was 0.12%. 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 (2.42%). This means that on 68 percent of the Mondays, the change in price of the Qtum is expected to be in the range of -2.29% and 2.54%.

The Qtum declines in value on an average Tuesday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 0.55%. This means that it is not possible to say whether on a regular Tuesday the Qtum will increase or decrease in value.

On an average Wednesday, the Qtum increased 0.37%. However, since the expected deviation is 1.77%, the Qtum will decline in value on a Wednesday quiet regularly. The expected price change of the Qtum on a Wednesday is between -1.40% and 2.14%.

On Thursdays, the Qtum decreases in value on average with -0.60%. On most of the Thursdays the Qtum decreases in value between -1.58% and 0.37%. The uncertainty (0.97%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Qtum on Thursdays is large.

Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.25%. 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 (1.50%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -1.24% and 1.75%.

On an average Saturday the Qtum shows an increase in value of 1.58%. However, the change of Qtum on most of the Saturdays is between -1.00% and 4.15%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Qtums.

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 0.11% 2.01% -1.90% to 2.12%
Monday 0.12% 2.42% -2.29% to 2.54%
Tuesday -1.27% 0.55% -1.82% to -0.72%
Wednesday 0.37% 1.77% -1.40% to 2.14%
Thursday -0.60% 0.97% -1.58% to 0.37%
Friday 0.25% 1.50% -1.24% to 1.75%
Saturday 1.58% 2.57% -1.00% to 4.15%
 

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