Qtum (QTUM)

Current price: $ 1.74

24 hours price change: $ -0.007387 (-0.42%)

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 November 8th, 2019 to December 7th, 2019.

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 11/08/2019 and 12/07/2019.

According to the performance of Qtum between November 8th, 2019 and December 7th, 2019, Qtum performed the best on Thursdays. On average, the price of Qtum increased 1.34% on Thursday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -1.03%.

Qtum weekday performance

Allthough the Qtum decreases in value with -0.47% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Sundays is 0.49%. This means that the expected change of the value of Qtum is between -0.96% and 0.02% on 68 out of 100 Sundays.

Qtum increased in value on an average Monday only slightly. The average increase in value of the Qtum was 0.19%. 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 (0.85%). This means that on 68 percent of the Mondays, the change in price of the Qtum is expected to be in the range of -0.65% and 1.04%.

The Qtum declines in value on an average Tuesday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 1.12%. This means that it is not possible to say whether on a regular Tuesday the Qtum will increase or decrease in value.

Historical performance on Wednesday 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 Wednesday with 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Wednesday is between -0.52% and 1.86% (see also the table below).

On an average Thursday the Qtum shows a high increase in value, namely 1.34%. The standard deviation is below the average increase percentage (standard deviation is 1.26%), meaning that on 68% of the Thursdays the Qtum will increase with a percentage between 0.08% and 2.60%. This also means that, on average, on 16 percent of the Thursdays, the Qtum will increase with a percentage above this range. On the other 16% of the Thursdays, the Qtum will change with a percentage below the 0.08%.

On Fridays, the Qtum decreases in value on average with -0.71%. On most of the Fridays the Qtum decreases in value between -1.76% and 0.33%. The uncertainty (1.05%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Qtum on Fridays is large.

Allthough the Qtum decreases in value with -0.40% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Saturdays is 0.53%. This means that the expected change of the value of Qtum is between -0.93% and 0.13% on 68 out of 100 Saturdays.

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 -0.47% 0.49% -0.96% to 0.02%
Monday 0.19% 0.85% -0.65% to 1.04%
Tuesday -1.03% 1.12% -2.15% to 0.09%
Wednesday 0.67% 1.19% -0.52% to 1.86%
Thursday 1.34% 1.26% 0.08% to 2.60%
Friday -0.71% 1.05% -1.76% to 0.33%
Saturday -0.40% 0.53% -0.93% to 0.13%