Ravencoin (RVN)

Current price: $ 0.06

24 hours price change: $ -0.001354 (-2.36%)

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 January 25th, 2021 to July 25th, 2021.

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 01/25/2021 and 07/25/2021.

According to the performance of Ravencoin between January 25th, 2021 and July 25th, 2021, Ravencoin performed the best on Thursdays. On average, the price of Ravencoin increased 3.03% on Thursday.

The weekday on which the Ravencoin performed the worst, is Friday. On Fridays, the Ravencoin declined in value on average by -0.80%.

Ravencoin weekday performance

On an average Sunday, the Ravencoin increased 0.42%. However, since the expected deviation is 3.02%, the Ravencoin will decline in value on a Sunday quiet regularly. The expected price change of the Ravencoin on a Sunday is between -2.60% and 3.44%.

On an average Monday the Ravencoin shows an increase in value of 1.82%. However, the change of Ravencoin on most of the Mondays is between -3.55% and 7.19%. Therefore it is hard to tell whether an average Monday is a good day to start buying Ravencoins.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.20%. 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 (3.24%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -3.05% and 3.44%.

On an average Wednesday, the Ravencoin increased 0.41%. However, since the expected deviation is 3.97%, the Ravencoin will decline in value on a Wednesday quiet regularly. The expected price change of the Ravencoin on a Wednesday is between -3.56% and 4.38%.

The increase in value of the Ravencoin is 3.03% on an average Thursday. However, the uncertainty on the average change is high for the Ravencoin on Thursdays. This is the reason why an expected increase of the Ravencoin on an average Thursday cannot be predicted. The standard deviation for Ravencoin on Thursdays is high, namely 13.85%. This means that the expected range of value change for the Ravencoin is -10.82% and 16.88% on 68% of the Thursdays.

On Fridays, the Ravencoin decreases in value on average with -0.80%. On most of the Fridays the Ravencoin decreases in value between -5.48% and 3.87%. The uncertainty (4.68%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Ravencoin on Fridays is large.

It is hard to tell whether the Ravencoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ravencoin is -0.25%. However, the standard deviation on this weekday is 3.96%. This means that on most Saturdays, the change in value of the Ravencoin is between -4.21% and 3.71%.

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 0.42% 3.02% -2.60% to 3.44%
Monday 1.82% 5.37% -3.55% to 7.19%
Tuesday 0.20% 3.24% -3.05% to 3.44%
Wednesday 0.41% 3.97% -3.56% to 4.38%
Thursday 3.03% 13.85% -10.82% to 16.88%
Friday -0.80% 4.68% -5.48% to 3.87%
Saturday -0.25% 3.96% -4.21% to 3.71%
 

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