Qtum (QTUM)

Current price: $ 17.96

24 hours price change: $ 0.27 (1.53%)

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 April 17th, 2020 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 04/17/2020 and 04/17/2021.

According to the performance of Qtum between April 17th, 2020 and April 17th, 2021, Qtum performed the best on Fridays. On average, the price of Qtum increased 0.76% on Friday.

The weekday on which the Qtum performed the worst, is Sunday. On Sundays, the Qtum declined in value on average by -0.43%.

Qtum weekday performance

Allthough the Qtum decreases in value with -0.43% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Sundays is 1.86%. This means that the expected change of the value of Qtum is between -2.29% and 1.43% on 68 out of 100 Sundays.

It is hard to tell whether the Qtum will increase or decrease in value on an average Monday. The average change on a Monday for the Qtum is -0.04%. However, the standard deviation on this weekday is 2.00%. This means that on most Mondays, the change in value of the Qtum is between -2.05% and 1.96%.

It is hard to tell whether the Qtum will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Qtum is -0.29%. However, the standard deviation on this weekday is 1.64%. This means that on most Tuesdays, the change in value of the Qtum is between -1.93% and 1.35%.

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 -0.02%. However, the standard deviation on this weekday is 2.76%. This means that on most Wednesdays, the change in value of the Qtum is between -2.79% and 2.74%.

Qtum increased in value on an average Thursday 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 (1.39%). This means that on 68 percent of the Thursdays, the change in price of the Qtum is expected to be in the range of -1.23% and 1.56%.

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 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Qtum on a Friday is between -4.11% and 5.63% (see also the table below).

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 -0.07%. However, the standard deviation on this weekday is 1.94%. This means that on most Saturdays, the change in value of the Qtum is between -2.01% and 1.87%.

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 -0.43% 1.86% -2.29% to 1.43%
Monday -0.04% 2.00% -2.05% to 1.96%
Tuesday -0.29% 1.64% -1.93% to 1.35%
Wednesday -0.02% 2.76% -2.79% to 2.74%
Thursday 0.16% 1.39% -1.23% to 1.56%
Friday 0.76% 4.87% -4.11% to 5.63%
Saturday -0.07% 1.94% -2.01% to 1.87%
 

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