Siacoin (SC)

Current price: $ 0.001446

24 hours price change: - (-)

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 November 13th, 2019 to December 12th, 2019.

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 11/13/2019 and 12/12/2019.

According to the performance of Siacoin between November 13th, 2019 and December 12th, 2019, Siacoin performed the best on Fridays. On average, the price of Siacoin increased 2.28% on Friday.

The weekday on which the Siacoin performed the worst, is Wednesday. On Wednesdays, the Siacoin declined in value on average by -1.81%.

Siacoin weekday performance

On an average Sunday the Siacoin shows an increase in value of 1.15%. However, the change of Siacoin on most of the Sundays is between -0.79% and 3.10%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Siacoins.

On an average Monday, the Siacoin increased 0.47%. However, since the expected deviation is 3.69%, the Siacoin will decline in value on a Monday quiet regularly. The expected price change of the Siacoin on a Monday is between -3.22% and 4.16%.

Allthough the Siacoin decreases in value with -0.39% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Tuesdays is 3.42%. This means that the expected change of the value of Siacoin is between -3.80% and 3.03% on 68 out of 100 Tuesdays.

The Siacoin declines in value on an average Wednesday with -1.81%. However, the uncertainty (or standard deviation) is quite large, namely 2.66%. This means that it is not possible to say whether on a regular Wednesday the Siacoin will increase or decrease in value.

On an average Thursday the Siacoin shows an increase in value of 1.11%. However, the change of Siacoin on most of the Thursdays is between -3.04% and 5.26%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

On an average Friday the Siacoin shows a high increase in value, namely 2.28%. The standard deviation is below the average increase percentage (standard deviation is 2.27%), meaning that on 68% of the Fridays the Siacoin will increase with a percentage between 0.01% and 4.55%. This also means that, on average, on 16 percent of the Fridays, the Siacoin will increase with a percentage above this range. On the other 16% of the Fridays, the Siacoin will change with a percentage below the 0.01%.

On an average Saturday the Siacoin shows an increase in value of 1.02%. However, the change of Siacoin on most of the Saturdays is between -2.62% and 4.66%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Siacoins.

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 1.15% 1.95% -0.79% to 3.10%
Monday 0.47% 3.69% -3.22% to 4.16%
Tuesday -0.39% 3.42% -3.80% to 3.03%
Wednesday -1.81% 2.66% -4.47% to 0.85%
Thursday 1.11% 4.15% -3.04% to 5.26%
Friday 2.28% 2.27% 0.01% to 4.55%
Saturday 1.02% 3.64% -2.62% to 4.66%