Qtum (QTUM)

Current price: $ 1.72

24 hours price change: $ -0.02 (-1.40%)

Daily analysis of Qtum (QTUM) - 1 year

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 year, starting on October 20th, 2018 to October 20th, 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 10/20/2018 and 10/20/2019.

According to the performance of Qtum between October 20th, 2018 and October 20th, 2019, Qtum performed the best on Fridays. On average, the price of Qtum increased 0.31% on Friday.

The weekday on which the Qtum performed the worst, is Tuesday. On Tuesdays, the Qtum declined in value on average by -0.32%.

Qtum weekday performance

It is hard to tell whether the Qtum will increase or decrease in value on an average Sunday. The average change on a Sunday for the Qtum is -0.14%. However, the standard deviation on this weekday is 0.88%. This means that on most Sundays, the change in value of the Qtum is between -1.02% and 0.73%.

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 (1.89%). This means that on 68 percent of the Mondays, the change in price of the Qtum is expected to be in the range of -1.77% and 2.01%.

Allthough the Qtum decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Tuesdays is 1.15%. This means that the expected change of the value of Qtum is between -1.47% and 0.83% on 68 out of 100 Tuesdays.

It is hard to tell whether the Qtum will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Qtum is -0.22%. However, the standard deviation on this weekday is 2.10%. This means that on most Wednesdays, the change in value of the Qtum is between -2.32% and 1.88%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Thursday. The average change on a Thursday for the Qtum is -0.24%. However, the standard deviation on this weekday is 1.24%. This means that on most Thursdays, the change in value of the Qtum is between -1.48% and 1.00%.

On an average Friday, the Qtum increased 0.31%. However, since the expected deviation is 1.49%, the Qtum will decline in value on a Friday quiet regularly. The expected price change of the Qtum on a Friday is between -1.18% and 1.81%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Saturday. The average change on a Saturday for the Qtum is -0.06%. However, the standard deviation on this weekday is 0.87%. This means that on most Saturdays, the change in value of the Qtum is between -0.93% and 0.81%.

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 -0.14% 0.88% -1.02% to 0.73%
Monday 0.12% 1.89% -1.77% to 2.01%
Tuesday -0.32% 1.15% -1.47% to 0.83%
Wednesday -0.22% 2.10% -2.32% to 1.88%
Thursday -0.24% 1.24% -1.48% to 1.00%
Friday 0.31% 1.49% -1.18% to 1.81%
Saturday -0.06% 0.87% -0.93% to 0.81%