Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ -0.001598 (-4.76%)

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 August 23rd, 2019 to September 22nd, 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 08/23/2019 and 09/22/2019.

According to the performance of Ravencoin between August 23rd, 2019 and September 22nd, 2019, Ravencoin performed the best on Wednesdays. On average, the price of Ravencoin increased 0.08% on Wednesday.

The weekday on which the Ravencoin performed the worst, is Friday. On Fridays, the Ravencoin declined in value on average by -0.65%.

Ravencoin weekday performance

Ravencoin increased in value on an average Sunday 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 (0.26%). This means that on 68 percent of the Sundays, the change in price of the Ravencoin is expected to be in the range of -0.21% and 0.31%.

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 -0.06%. However, the standard deviation on this weekday is 0.34%. This means that on most Mondays, the change in value of the Ravencoin is between -0.40% and 0.28%.

Allthough the Ravencoin decreases in value with -0.45% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Tuesdays is 0.39%. This means that the expected change of the value of Ravencoin is between -0.83% and -0.06% on 68 out of 100 Tuesdays.

The Ravencoin will almost not change or only slightly increase in value on an average Wednesday. The average change of the Ravencoin on Wednesdays is 0.08%. The standard deviation of the Ravencoin is 0.06%, which means that in 68% of the Wednesdays, the range of the change of the Ravencoin is 0.02% and 0.14%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the Ravencoin decreases in value with -0.33% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Thursdays is 0.42%. This means that the expected change of the value of Ravencoin is between -0.75% and 0.09% on 68 out of 100 Thursdays.

On Fridays, the Ravencoin decreases in value on average with -0.65%. On most of the Fridays the Ravencoin decreases in value between -1.10% and -0.20%. The uncertainty (0.45%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Ravencoin on Fridays is large.

Ravencoin increased in value on an average Saturday only slightly. The average increase in value of the Ravencoin was 0.03%. 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 (0.52%). This means that on 68 percent of the Saturdays, the change in price of the Ravencoin is expected to be in the range of -0.49% and 0.55%.

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 0.05% 0.26% -0.21% to 0.31%
Monday -0.06% 0.34% -0.40% to 0.28%
Tuesday -0.45% 0.39% -0.83% to -0.06%
Wednesday 0.08% 0.06% 0.02% to 0.14%
Thursday -0.33% 0.42% -0.75% to 0.09%
Friday -0.65% 0.45% -1.10% to -0.20%
Saturday 0.03% 0.52% -0.49% to 0.55%