Siacoin (SC)

Current price: $ 0.02

24 hours price change: $ -0.002010 (-10.66%)

Daily analysis of Siacoin (SC) - 1 month

The performance of Siacoin regarding the price differs every day. To make the best decision to buy Siacoin, we are analysis in this article the performance of Siacoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 27th, 2021 to October 27th, 2021.

In the barchart below, the weekdays and average performance of Siacoin are shown side by side.

Average daily change in price of Siacoin per weekday between 09/27/2021 and 10/27/2021.

According to the performance of Siacoin between September 27th, 2021 and October 27th, 2021, Siacoin performed the best on Wednesdays. On average, the price of Siacoin increased 1.89% on Wednesday.

The weekday on which the Siacoin performed the worst, is Monday. On Mondays, the Siacoin declined in value on average by -0.08%.

Siacoin weekday performance

Siacoin increased in value on an average Sunday only slightly. The average increase in value of the Siacoin was 0.03%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.05%). This means that on 68 percent of the Sundays, the change in price of the Siacoin is expected to be in the range of -0.02% and 0.07%.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Monday. The average change on a Monday for the Siacoin is -0.08%. However, the standard deviation on this weekday is 0.16%. This means that on most Mondays, the change in value of the Siacoin is between -0.24% and 0.08%.

Siacoin increased in value on an average Tuesday only slightly. The average increase in value of the Siacoin was 0.06%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.13%). This means that on 68 percent of the Tuesdays, the change in price of the Siacoin is expected to be in the range of -0.07% and 0.19%.

On an average Wednesday the Siacoin shows an increase in value of 1.89%. However, the change of Siacoin on most of the Wednesdays is between -1.52% and 5.30%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Siacoins.

Siacoin increased in value on an average Thursday only slightly. The average increase in value of the Siacoin was 0.05%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.09%). This means that on 68 percent of the Thursdays, the change in price of the Siacoin is expected to be in the range of -0.04% and 0.14%.

Historical performance on Friday do not show an increase in value of the Siacoin on which a prediction can be made. The Siacoin increased in value on average on an average Friday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Friday is between -0.53% and 1.98% (see also the table below).

Siacoin increased in value on an average Saturday only slightly. The average increase in value of the Siacoin was 0.02%. Allthough the Siacoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.03%). This means that on 68 percent of the Saturdays, the change in price of the Siacoin is expected to be in the range of -0.01% and 0.04%.

Siacoin weekday performance details

Find below the details of the performance of Siacoin 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 0.03% 0.05% -0.02% to 0.07%
Monday -0.08% 0.16% -0.24% to 0.08%
Tuesday 0.06% 0.13% -0.07% to 0.19%
Wednesday 1.89% 3.41% -1.52% to 5.30%
Thursday 0.05% 0.09% -0.04% to 0.14%
Friday 0.73% 1.26% -0.53% to 1.98%
Saturday 0.02% 0.03% -0.01% to 0.04%
 

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