Qtum (QTUM)

Current price: $ 3.44

24 hours price change: $ -0.05 (-1.48%)

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 10th, 2023 to December 10th, 2023.

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 11/10/2023 and 12/10/2023.

According to the performance of Qtum between November 10th, 2023 and December 10th, 2023, Qtum performed the best on Mondays. On average, the price of Qtum increased 0.57% on Monday.

The weekday on which the Qtum performed the worst, is Sunday. On Sundays, the Qtum declined in value on average by -0.49%.

Qtum weekday performance

Allthough the Qtum decreases in value with -0.49% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Sundays is 1.68%. This means that the expected change of the value of Qtum is between -2.17% and 1.19% on 68 out of 100 Sundays.

On an average Monday, the Qtum increased 0.57%. However, since the expected deviation is 0.66%, the Qtum will decline in value on a Monday quiet regularly. The expected price change of the Qtum on a Monday is between -0.08% and 1.23%.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.16%. 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 (0.88%). This means that on 68 percent of the Tuesdays, the change in price of the Qtum is expected to be in the range of -0.72% and 1.04%.

The average increase of the Qtum on an average Wednesday is 0.57%. This is a small increase, however, the expected change of the Qtum in 95% of the Wednesdays is -0.46% and 1.61%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Qtum is below -0.46%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.61%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Qtum will be in the range of 0.05% and 1.09%.

Qtum increased in value on an average Thursday only slightly. The average increase in value of the Qtum was 0.24%. 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 (0.87%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of -0.63% and 1.11%.

Qtum increased in value on an average Friday only slightly. The average increase in value of the Qtum was 0.10%. 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 (0.63%). This means that on 68 percent of the Fridays, the change in price of the Qtum is expected to be in the range of -0.53% and 0.74%.

Qtum increased in value on an average Saturday only slightly. The average increase in value of the Qtum was 0.24%. 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 (0.42%). This means that on 68 percent of the Saturdays, the change in price of the Qtum is expected to be in the range of -0.18% and 0.66%.

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 -0.49% 1.68% -2.17% to 1.19%
Monday 0.57% 0.66% -0.08% to 1.23%
Tuesday 0.16% 0.88% -0.72% to 1.04%
Wednesday 0.57% 0.52% 0.05% to 1.09%
Thursday 0.24% 0.87% -0.63% to 1.11%
Friday 0.10% 0.63% -0.53% to 0.74%
Saturday 0.24% 0.42% -0.18% to 0.66%
 

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