Ravencoin (RVN)

Current price: $ 0.18

24 hours price change: $ -0.02 (-10.46%)

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 March 20th, 2021 to April 20th, 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 03/20/2021 and 04/20/2021.

According to the performance of Ravencoin between March 20th, 2021 and April 20th, 2021, Ravencoin performed the best on Fridays. On average, the price of Ravencoin increased 1.66% on Friday.

The weekday on which the Ravencoin performed the worst, is Wednesday. On Wednesdays, the Ravencoin declined in value on average by -1.13%.

Ravencoin weekday performance

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ravencoin is -0.27%. However, the standard deviation on this weekday is 0.52%. This means that on most Sundays, the change in value of the Ravencoin is between -0.79% and 0.25%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Monday. The average change on a Monday for the Ravencoin is -0.20%. However, the standard deviation on this weekday is 0.38%. This means that on most Mondays, the change in value of the Ravencoin is between -0.59% and 0.18%.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.05%. 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 (1.78%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -1.73% and 1.83%.

The Ravencoin declines in value on an average Wednesday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 1.48%. This means that it is not possible to say whether on a regular Wednesday the Ravencoin will increase or decrease in value.

Ravencoin increased in value on an average Thursday only slightly. The average increase in value of the Ravencoin was 0.14%. 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 (0.50%). This means that on 68 percent of the Thursdays, the change in price of the Ravencoin is expected to be in the range of -0.36% and 0.64%.

On an average Friday the Ravencoin shows an increase in value of 1.66%. However, the change of Ravencoin on most of the Fridays is between -1.09% and 4.40%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ravencoins.

The Ravencoin will almost not change or only slightly increase in value on an average Saturday. The average change of the Ravencoin on Saturdays is 0.27%. The standard deviation of the Ravencoin is 0.25%, which means that in 68% of the Saturdays, the range of the change of the Ravencoin is 0.02% and 0.52%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 -0.27% 0.52% -0.79% to 0.25%
Monday -0.20% 0.38% -0.59% to 0.18%
Tuesday 0.05% 1.78% -1.73% to 1.83%
Wednesday -1.13% 1.48% -2.61% to 0.35%
Thursday 0.14% 0.50% -0.36% to 0.64%
Friday 1.66% 2.74% -1.09% to 4.40%
Saturday 0.27% 0.25% 0.02% to 0.52%
 

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