Ravencoin (RVN)

Current price: $ 0.03

24 hours price change: $ -0.000682 (-2.18%)

Daily analysis of Ravencoin (RVN) - 6 months

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 6 months, starting on March 24th, 2019 to September 23rd, 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 03/24/2019 and 09/23/2019.

According to the performance of Ravencoin between March 24th, 2019 and September 23rd, 2019, Ravencoin performed the best on Tuesdays. On average, the price of Ravencoin increased 0.90% on Tuesday.

The weekday on which the Ravencoin performed the worst, is Monday. On Mondays, the Ravencoin declined in value on average by -1.22%.

Ravencoin weekday performance

On Sundays, the Ravencoin decreases in value on average with -0.95%. On most of the Sundays the Ravencoin decreases in value between -4.78% and 2.89%. The uncertainty (3.83%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Ravencoin on Sundays is large.

The Ravencoin declines in value on an average Monday with -1.22%. However, the uncertainty (or standard deviation) is quite large, namely 4.18%. This means that it is not possible to say whether on a regular Monday the Ravencoin will increase or decrease in value.

Historical performance on Tuesday do not show an increase in value of the Ravencoin on which a prediction can be made. The Ravencoin increased in value on average on an average Tuesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Tuesday is between -7.05% and 8.85% (see also the table below).

Allthough the Ravencoin decreases in value with -0.59% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Wednesdays is 4.22%. This means that the expected change of the value of Ravencoin is between -4.81% and 3.63% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the Ravencoin on which a prediction can be made. The Ravencoin increased in value on average on an average Thursday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Thursday is between -3.17% and 4.94% (see also the table below).

Historical performance on Friday do not show an increase in value of the Ravencoin on which a prediction can be made. The Ravencoin increased in value on average on an average Friday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Friday is between -4.22% and 5.70% (see also the table below).

On Saturdays, the Ravencoin decreases in value on average with -0.93%. On most of the Saturdays the Ravencoin decreases in value between -3.45% and 1.59%. The uncertainty (2.52%) is higher than the average decline percentage (-0.93%). 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 -0.95% 3.83% -4.78% to 2.89%
Monday -1.22% 4.18% -5.40% to 2.96%
Tuesday 0.90% 7.95% -7.05% to 8.85%
Wednesday -0.59% 4.22% -4.81% to 3.63%
Thursday 0.88% 4.05% -3.17% to 4.94%
Friday 0.74% 4.96% -4.22% to 5.70%
Saturday -0.93% 2.52% -3.45% to 1.59%