Ravencoin (RVN)

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Daily analysis of Ravencoin (RVN) - 1 year

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 year, starting on May 24th, 2023 to May 17th, 2024.

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 05/24/2023 and 05/17/2024.

According to the performance of Ravencoin between May 24th, 2023 and May 17th, 2024, Ravencoin performed the best on Saturdays. On average, the price of Ravencoin increased 0.47% on Saturday.

The weekday on which the Ravencoin performed the worst, is Sunday. On Sundays, the Ravencoin declined in value on average by -0.36%.

Ravencoin weekday performance

Allthough the Ravencoin decreases in value with -0.36% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Sundays is 1.16%. This means that the expected change of the value of Ravencoin is between -1.52% and 0.80% on 68 out of 100 Sundays.

On an average Monday, the Ravencoin increased 0.39%. However, since the expected deviation is 2.29%, the Ravencoin will decline in value on a Monday quiet regularly. The expected price change of the Ravencoin on a Monday is between -1.90% and 2.68%.

On an average Tuesday, the Ravencoin increased 0.36%. However, since the expected deviation is 4.97%, the Ravencoin will decline in value on a Tuesday quiet regularly. The expected price change of the Ravencoin on a Tuesday is between -4.61% and 5.34%.

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 -0.14%. However, the standard deviation on this weekday is 1.93%. This means that on most Wednesdays, the change in value of the Ravencoin is between -2.07% and 1.79%.

Ravencoin increased in value on an average Thursday only slightly. The average increase in value of the Ravencoin was 0.16%. 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 (1.28%). This means that on 68 percent of the Thursdays, the change in price of the Ravencoin is expected to be in the range of -1.12% and 1.43%.

On an average Friday, the Ravencoin increased 0.35%. However, since the expected deviation is 3.60%, the Ravencoin will decline in value on a Friday quiet regularly. The expected price change of the Ravencoin on a Friday is between -3.25% and 3.96%.

On an average Saturday, the Ravencoin increased 0.47%. However, since the expected deviation is 4.30%, the Ravencoin will decline in value on a Saturday quiet regularly. The expected price change of the Ravencoin on a Saturday is between -3.83% and 4.76%.

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 -0.36% 1.16% -1.52% to 0.80%
Monday 0.39% 2.29% -1.90% to 2.68%
Tuesday 0.36% 4.97% -4.61% to 5.34%
Wednesday -0.14% 1.93% -2.07% to 1.79%
Thursday 0.16% 1.28% -1.12% to 1.43%
Friday 0.35% 3.60% -3.25% to 3.96%
Saturday 0.47% 4.30% -3.83% to 4.76%
 

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