Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ -0.000351 (-1.23%)

Daily analysis of Ravencoin (RVN) - all

The performance of Ravencoin regarding the price differs every day. To make the best decision to buy Ravencoin, we are analysis in this article the performance of Ravencoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on August 19th, 2018 to November 12th, 2019.

In the barchart below, the weekdays and average performance of Ravencoin are shown side by side.

Average daily change in price of Ravencoin per weekday between 08/19/2018 and 11/12/2019.

According to the performance of Ravencoin between August 19th, 2018 and November 12th, 2019, Ravencoin performed the best on Tuesdays. On average, the price of Ravencoin increased 1.13% on Tuesday.

The weekday on which the Ravencoin performed the worst, is Monday. On Mondays, the Ravencoin declined in value on average by -0.32%.

Ravencoin weekday performance

Ravencoin increased in value on an average Sunday only slightly. The average increase in value of the Ravencoin was 0.00%. Allthough the Ravencoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.65%). This means that on 68 percent of the Sundays, the change in price of the Ravencoin is expected to be in the range of -6.65% and 6.65%.

Allthough the Ravencoin decreases in value with -0.32% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Mondays is 6.45%. This means that the expected change of the value of Ravencoin is between -6.77% and 6.14% on 68 out of 100 Mondays.

On an average Tuesday the Ravencoin shows an increase in value of 1.13%. However, the change of Ravencoin on most of the Tuesdays is between -5.95% and 8.22%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Ravencoins.

Historical performance on Wednesday do not show an increase in value of the Ravencoin on which a prediction can be made. The Ravencoin increased in value on average on an average Wednesday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Wednesday is between -6.86% and 8.60% (see also the table below).

On an average Thursday, the Ravencoin increased 0.36%. However, since the expected deviation is 4.65%, the Ravencoin will decline in value on a Thursday quiet regularly. The expected price change of the Ravencoin on a Thursday is between -4.29% and 5.01%.

On an average Friday the Ravencoin shows an increase in value of 1.02%. However, the change of Ravencoin on most of the Fridays is between -4.77% and 6.80%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ravencoins.

Ravencoin increased in value on an average Saturday only slightly. The average increase in value of the Ravencoin was 0.15%. Allthough the Ravencoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.28%). This means that on 68 percent of the Saturdays, the change in price of the Ravencoin is expected to be in the range of -6.12% and 6.43%.

Ravencoin weekday performance details

Find below the details of the performance of Ravencoin 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 0.00% 6.65% -6.65% to 6.65%
Monday -0.32% 6.45% -6.77% to 6.14%
Tuesday 1.13% 7.08% -5.95% to 8.22%
Wednesday 0.87% 7.73% -6.86% to 8.60%
Thursday 0.36% 4.65% -4.29% to 5.01%
Friday 1.02% 5.79% -4.77% to 6.80%
Saturday 0.15% 6.28% -6.12% to 6.43%