Siacoin (SC)

Current price: $ 0.003232

24 hours price change: $ 0.000005 (0.15%)

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 December 28th, 2022 to January 28th, 2023.

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 12/28/2022 and 01/28/2023.

According to the performance of Siacoin between December 28th, 2022 and January 28th, 2023, Siacoin performed the best on Tuesdays. On average, the price of Siacoin increased 1.80% on Tuesday.

The weekday on which the Siacoin performed the worst, is Saturday. On Saturdays, the Siacoin declined in value on average by -2.19%.

Siacoin weekday performance

Historical performance on Sunday 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 Sunday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Sunday is between -1.19% and 3.07% (see also the table below).

Siacoin increased in value on an average Monday only slightly. The average increase in value of the Siacoin was 0.10%. 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 (0.81%). This means that on 68 percent of the Mondays, the change in price of the Siacoin is expected to be in the range of -0.71% and 0.91%.

On an average Tuesday the Siacoin shows an increase in value of 1.80%. However, the change of Siacoin on most of the Tuesdays is between -1.09% and 4.69%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Siacoins.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Siacoin is -0.03%. However, the standard deviation on this weekday is 1.42%. This means that on most Wednesdays, the change in value of the Siacoin is between -1.45% and 1.39%.

Allthough the Siacoin decreases in value with -0.58% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Thursdays is 3.27%. This means that the expected change of the value of Siacoin is between -3.85% and 2.69% on 68 out of 100 Thursdays.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Friday. The average change on a Friday for the Siacoin is -0.04%. However, the standard deviation on this weekday is 0.44%. This means that on most Fridays, the change in value of the Siacoin is between -0.48% and 0.41%.

The Siacoin declines in value on an average Saturday with -2.19%. However, the uncertainty (or standard deviation) is quite large, namely 2.72%. This means that it is not possible to say whether on a regular Saturday the Siacoin will increase or decrease in value.

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 0.94% 2.13% -1.19% to 3.07%
Monday 0.10% 0.81% -0.71% to 0.91%
Tuesday 1.80% 2.89% -1.09% to 4.69%
Wednesday -0.03% 1.42% -1.45% to 1.39%
Thursday -0.58% 3.27% -3.85% to 2.69%
Friday -0.04% 0.44% -0.48% to 0.41%
Saturday -2.19% 2.72% -4.91% to 0.53%
 

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