Qtum (QTUM)

Current price: $ 17.84

24 hours price change: $ 0.15 (0.85%)

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 March 17th, 2021 to April 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 03/17/2021 and 04/17/2021.

According to the performance of Qtum between March 17th, 2021 and April 17th, 2021, Qtum performed the best on Mondays. On average, the price of Qtum increased 1.22% on Monday.

The weekday on which the Qtum performed the worst, is Thursday. On Thursdays, the Qtum declined in value on average by -1.19%.

Qtum weekday performance

On Sundays, the Qtum decreases in value on average with -0.86%. On most of the Sundays the Qtum decreases in value between -3.08% and 1.37%. The uncertainty (2.22%) is higher than the average decline percentage (-0.86%). Therefore, expected range of price changes of the Qtum on Sundays is large.

On an average Monday the Qtum shows an increase in value of 1.22%. However, the change of Qtum on most of the Mondays is between -2.11% and 4.56%. Therefore it is hard to tell whether an average Monday is a good day to start buying Qtums.

Qtum increased in value on an average Tuesday only slightly. The average increase in value of the Qtum was 0.23%. 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 Tuesdays, the change in price of the Qtum is expected to be in the range of -0.20% and 0.65%.

On an average Wednesday, the Qtum increased 0.51%. However, since the expected deviation is 3.47%, the Qtum will decline in value on a Wednesday quiet regularly. The expected price change of the Qtum on a Wednesday is between -2.96% and 3.98%.

The Qtum declines in value on an average Thursday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 1.86%. This means that it is not possible to say whether on a regular Thursday the Qtum will increase or decrease in value.

Historical performance on Friday 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 Friday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Friday is between -1.25% and 2.61% (see also the table below).

On an average Saturday, the Qtum increased 0.42%. However, since the expected deviation is 0.83%, the Qtum will decline in value on a Saturday quiet regularly. The expected price change of the Qtum on a Saturday is between -0.41% and 1.25%.

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 -0.86% 2.22% -3.08% to 1.37%
Monday 1.22% 3.34% -2.11% to 4.56%
Tuesday 0.23% 0.42% -0.20% to 0.65%
Wednesday 0.51% 3.47% -2.96% to 3.98%
Thursday -1.19% 1.86% -3.05% to 0.67%
Friday 0.68% 1.93% -1.25% to 2.61%
Saturday 0.42% 0.83% -0.41% to 1.25%
 

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