Ravencoin (RVN)

Current price: $ 0.02

24 hours price change: $ 0.02 (inf%)

Daily analysis of Ravencoin (RVN) - 1 month

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 1 month, starting on December 19th, 2020 to January 17th, 2021.

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 12/19/2020 and 01/17/2021.

According to the performance of Ravencoin between December 19th, 2020 and January 17th, 2021, Ravencoin performed the best on Fridays. On average, the price of Ravencoin increased 2.03% on Friday.

The weekday on which the Ravencoin performed the worst, is Saturday. On Saturdays, the Ravencoin declined in value on average by -1.59%.

Ravencoin weekday performance

On an average Sunday, the Ravencoin increased 0.49%. However, since the expected deviation is 0.98%, the Ravencoin will decline in value on a Sunday quiet regularly. The expected price change of the Ravencoin on a Sunday is between -0.49% and 1.47%.

On an average Monday the Ravencoin shows an increase in value of 1.02%. However, the change of Ravencoin on most of the Mondays is between -0.03% and 2.06%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ravencoins.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.01%. 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 (1.62%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -1.61% and 1.62%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ravencoin is -0.11%. However, the standard deviation on this weekday is 4.24%. This means that on most Wednesdays, the change in value of the Ravencoin is between -4.34% and 4.13%.

Allthough the Ravencoin decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Thursdays is 1.15%. This means that the expected change of the value of Ravencoin is between -1.51% and 0.78% on 68 out of 100 Thursdays.

On an average Friday the Ravencoin shows a high increase in value, namely 2.03%. The standard deviation is below the average increase percentage (standard deviation is 1.32%), meaning that on 68% of the Fridays the Ravencoin will increase with a percentage between 0.71% and 3.35%. This also means that, on average, on 16 percent of the Fridays, the Ravencoin will increase with a percentage above this range. On the other 16% of the Fridays, the Ravencoin will change with a percentage below the 0.71%.

The Ravencoin declines in value on an average Saturday with -1.59%. However, the uncertainty (or standard deviation) is quite large, namely 0.88%. This means that it is not possible to say whether on a regular Saturday the Ravencoin will increase or decrease in value.

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 0.49% 0.98% -0.49% to 1.47%
Monday 1.02% 1.04% -0.03% to 2.06%
Tuesday 0.01% 1.62% -1.61% to 1.62%
Wednesday -0.11% 4.24% -4.34% to 4.13%
Thursday -0.36% 1.15% -1.51% to 0.78%
Friday 2.03% 1.32% 0.71% to 3.35%
Saturday -1.59% 0.88% -2.47% to -0.70%
 

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