Qtum (QTUM)

Current price: $ 2.16

24 hours price change: $ 0.22 (11.34%)

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 February 18th, 2018 to February 17th, 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 02/18/2018 and 02/17/2019.

According to the performance of Qtum between February 18th, 2018 and February 17th, 2019, Qtum performed the best on Mondays. On average, the price of Qtum increased 1.02% on Monday.

The weekday on which the Qtum performed the worst, is Wednesday. On Wednesdays, the Qtum declined in value on average by -1.40%.

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 -0.29%. However, the standard deviation on this weekday is 3.41%. This means that on most Sundays, the change in value of the Qtum is between -3.71% and 3.12%.

On an average Monday the Qtum shows an increase in value of 1.02%. However, the change of Qtum on most of the Mondays is between -6.66% and 8.69%. Therefore it is hard to tell whether an average Monday is a good day to start buying Qtums.

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 3.65%. This means that the expected change of the value of Qtum is between -3.96% and 3.33% on 68 out of 100 Tuesdays.

The Qtum declines in value on an average Wednesday with -1.40%. However, the uncertainty (or standard deviation) is quite large, namely 5.49%. This means that it is not possible to say whether on a regular Wednesday the Qtum will increase or decrease in value.

On Thursdays, the Qtum decreases in value on average with -0.63%. On most of the Thursdays the Qtum decreases in value between -3.99% and 2.73%. The uncertainty (3.36%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Qtum on Thursdays is large.

Allthough the Qtum decreases in value with -0.44% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Qtum on Fridays is 4.21%. This means that the expected change of the value of Qtum is between -4.65% and 3.76% on 68 out of 100 Fridays.

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 -0.19%. However, the standard deviation on this weekday is 2.76%. This means that on most Saturdays, the change in value of the Qtum is between -2.95% and 2.57%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.29%3.41%-3.71% to 3.12%
Monday1.02%7.67%-6.66% to 8.69%
Tuesday-0.32%3.65%-3.96% to 3.33%
Wednesday-1.40%5.49%-6.90% to 4.09%
Thursday-0.63%3.36%-3.99% to 2.73%
Friday-0.44%4.21%-4.65% to 3.76%
Saturday-0.19%2.76%-2.95% to 2.57%