Ravencoin (RVN)

Current price: $ 0.02

24 hours price change: $ 0.000927 (4.88%)

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 8th, 2020 to July 7th, 2020.

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 01/08/2020 and 07/07/2020.

According to the performance of Ravencoin between January 8th, 2020 and July 7th, 2020, Ravencoin performed the best on Mondays. On average, the price of Ravencoin increased 0.48% on Monday.

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

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 (1.05%). This means that on 68 percent of the Sundays, the change in price of the Ravencoin is expected to be in the range of -0.99% and 1.10%.

On an average Monday, the Ravencoin increased 0.48%. However, since the expected deviation is 1.91%, the Ravencoin will decline in value on a Monday quiet regularly. The expected price change of the Ravencoin on a Monday is between -1.42% and 2.39%.

Ravencoin increased in value on an average Tuesday only slightly. The average increase in value of the Ravencoin was 0.02%. 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 (0.73%). This means that on 68 percent of the Tuesdays, the change in price of the Ravencoin is expected to be in the range of -0.71% and 0.76%.

Ravencoin increased in value on an average Wednesday only slightly. The average increase in value of the Ravencoin was 0.12%. 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 (0.98%). This means that on 68 percent of the Wednesdays, the change in price of the Ravencoin is expected to be in the range of -0.86% and 1.10%.

Ravencoin increased in value on an average Thursday 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 (0.82%). This means that on 68 percent of the Thursdays, the change in price of the Ravencoin is expected to be in the range of -0.77% and 0.87%.

Allthough the Ravencoin decreases in value with -0.36% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Fridays is 0.89%. This means that the expected change of the value of Ravencoin is between -1.25% and 0.53% on 68 out of 100 Fridays.

Ravencoin increased in value on an average Saturday only slightly. The average increase in value of the Ravencoin was 0.00%. 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 (1.00%). This means that on 68 percent of the Saturdays, the change in price of the Ravencoin is expected to be in the range of -1.00% and 1.00%.

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% 1.05% -0.99% to 1.10%
Monday 0.48% 1.91% -1.42% to 2.39%
Tuesday 0.02% 0.73% -0.71% to 0.76%
Wednesday 0.12% 0.98% -0.86% to 1.10%
Thursday 0.05% 0.82% -0.77% to 0.87%
Friday -0.36% 0.89% -1.25% to 0.53%
Saturday 0.00% 1.00% -1.00% to 1.00%
 

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