Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ -0.001099 (-3.76%)

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 April 26th, 2022 to May 26th, 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 04/26/2022 and 05/26/2022.

According to the performance of Ravencoin between April 26th, 2022 and May 26th, 2022, Ravencoin performed the best on Tuesdays. On average, the price of Ravencoin increased 0.34% on Tuesday.

The weekday on which the Ravencoin performed the worst, is Saturday. On Saturdays, the Ravencoin declined in value on average by -2.27%.

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 -0.02%. However, the standard deviation on this weekday is 0.02%. This means that on most Sundays, the change in value of the Ravencoin is between -0.04% and 0.00%.

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 -0.08%. However, the standard deviation on this weekday is 0.14%. This means that on most Mondays, the change in value of the Ravencoin is between -0.22% and 0.06%.

The average increase of the Ravencoin on an average Tuesday is 0.34%. This is a small increase, however, the expected change of the Ravencoin in 95% of the Tuesdays is -0.27% and 0.96%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Ravencoin is below -0.27%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.96%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Ravencoin will be in the range of 0.04% and 0.65%.

Ravencoin increased in value on an average Wednesday only slightly. The average increase in value of the Ravencoin was 0.06%. 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 (0.31%). This means that on 68 percent of the Wednesdays, the change in price of the Ravencoin is expected to be in the range of -0.25% and 0.37%.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ravencoin is -0.02%. However, the standard deviation on this weekday is 0.67%. This means that on most Thursdays, the change in value of the Ravencoin is between -0.69% and 0.66%.

The Ravencoin declines in value on an average Friday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 2.17%. This means that it is not possible to say whether on a regular Friday the Ravencoin will increase or decrease in value.

The Ravencoin declines in value on an average Saturday with -2.27%. However, the uncertainty (or standard deviation) is quite large, namely 4.14%. 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 -0.02% 0.02% -0.04% to 0.00%
Monday -0.08% 0.14% -0.22% to 0.06%
Tuesday 0.34% 0.31% 0.04% to 0.65%
Wednesday 0.06% 0.31% -0.25% to 0.37%
Thursday -0.02% 0.67% -0.69% to 0.66%
Friday -1.20% 2.17% -3.37% to 0.96%
Saturday -2.27% 4.14% -6.41% to 1.87%
 

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