Ravencoin (RVN)

Current price: $ 0.02

24 hours price change: $ -0.000120 (-0.54%)

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 November 10th, 2022 to December 10th, 2022.

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 11/10/2022 and 12/10/2022.

According to the performance of Ravencoin between November 10th, 2022 and December 10th, 2022, Ravencoin performed the best on Thursdays. On average, the price of Ravencoin increased 1.36% on Thursday.

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

Ravencoin weekday performance

Ravencoin increased in value on an average Sunday only slightly. The average increase in value of the Ravencoin was 0.22%. 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 (0.63%). This means that on 68 percent of the Sundays, the change in price of the Ravencoin is expected to be in the range of -0.42% and 0.85%.

The Ravencoin declines in value on an average Monday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 1.49%. This means that it is not possible to say whether on a regular Monday the Ravencoin will increase or decrease in value.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.26%. 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 (1.21%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -0.96% and 1.47%.

On an average Wednesday, the Ravencoin increased 0.41%. However, since the expected deviation is 2.32%, the Ravencoin will decline in value on a Wednesday quiet regularly. The expected price change of the Ravencoin on a Wednesday is between -1.90% and 2.73%.

On an average Thursday the Ravencoin shows an increase in value of 1.36%. However, the change of Ravencoin on most of the Thursdays is between -1.05% and 3.77%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Ravencoins.

The expected range of change of the Ravencoin for an average Friday is between 0.33% and 1.48%. This is the result of an average increase in value of 0.91% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On Saturdays, the Ravencoin decreases in value on average with -0.63%. On most of the Saturdays the Ravencoin decreases in value between -1.53% and 0.28%. The uncertainty (0.90%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Ravencoin on Saturdays is large.

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 0.22% 0.63% -0.42% to 0.85%
Monday -1.13% 1.49% -2.63% to 0.36%
Tuesday 0.26% 1.21% -0.96% to 1.47%
Wednesday 0.41% 2.32% -1.90% to 2.73%
Thursday 1.36% 2.41% -1.05% to 3.77%
Friday 0.91% 0.57% 0.33% to 1.48%
Saturday -0.63% 0.90% -1.53% to 0.28%
 

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