Ravencoin (RVN)

Current price: $ 0.05

24 hours price change: $ 0.004546 (9.71%)

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 21st, 2019 to July 21st, 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 01/21/2019 and 07/21/2019.

According to the performance of Ravencoin between January 21st, 2019 and July 21st, 2019, Ravencoin performed the best on Tuesdays. On average, the price of Ravencoin increased 2.61% on Tuesday.

The weekday on which the Ravencoin performed the worst, is Sunday. On Sundays, the Ravencoin declined in value on average by -1.24%.

Ravencoin weekday performance

The Ravencoin declines in value on an average Sunday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 4.83%. This means that it is not possible to say whether on a regular Sunday the Ravencoin will increase or decrease in value.

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 -0.21%. However, the standard deviation on this weekday is 6.30%. This means that on most Mondays, the change in value of the Ravencoin is between -6.51% and 6.09%.

On an average Tuesday the Ravencoin shows an increase in value of 2.61%. However, the change of Ravencoin on most of the Tuesdays is between -6.43% and 11.64%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Ravencoins.

Historical performance on Wednesday 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 Wednesday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Ravencoin on a Wednesday is between -7.46% and 9.11% (see also the table below).

On an average Thursday the Ravencoin shows an increase in value of 2.07%. However, the change of Ravencoin on most of the Thursdays is between -4.24% and 8.37%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Ravencoins.

On an average Friday the Ravencoin shows an increase in value of 1.68%. However, the change of Ravencoin on most of the Fridays is between -6.64% and 9.99%. Therefore it is hard to tell whether an average Friday is a good day to start buying Ravencoins.

Allthough the Ravencoin decreases in value with -0.51% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ravencoin on Saturdays is 5.48%. This means that the expected change of the value of Ravencoin is between -5.98% and 4.97% on 68 out of 100 Saturdays.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-1.24%4.83%-6.07% to 3.59%
Monday-0.21%6.30%-6.51% to 6.09%
Tuesday2.61%9.04%-6.43% to 11.64%
Wednesday0.83%8.29%-7.46% to 9.11%
Thursday2.07%6.30%-4.24% to 8.37%
Friday1.68%8.32%-6.64% to 9.99%
Saturday-0.51%5.48%-5.98% to 4.97%