Siacoin (SC)

Current price: $ 0.005107

24 hours price change: $ 0.005107 (inf%)

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 19th, 2020 to January 17th, 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 12/19/2020 and 01/17/2021.

According to the performance of Siacoin between December 19th, 2020 and January 17th, 2021, Siacoin performed the best on Saturdays. On average, the price of Siacoin increased 1.05% on Saturday.

The weekday on which the Siacoin performed the worst, is Monday. On Mondays, the Siacoin declined in value on average by -2.38%.

Siacoin weekday performance

The Siacoin declines in value on an average Sunday with -1.49%. However, the uncertainty (or standard deviation) is quite large, namely 4.77%. This means that it is not possible to say whether on a regular Sunday the Siacoin will increase or decrease in value.

The Siacoin declines in value on an average Monday with -2.38%. However, the uncertainty (or standard deviation) is quite large, namely 3.92%. This means that it is not possible to say whether on a regular Monday the Siacoin will increase or decrease in value.

On Tuesdays, the Siacoin decreases in value on average with -0.61%. On most of the Tuesdays the Siacoin decreases in value between -3.47% and 2.25%. The uncertainty (2.86%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Siacoin on Tuesdays is large.

The Siacoin declines in value on an average Wednesday with -1.48%. However, the uncertainty (or standard deviation) is quite large, namely 3.15%. 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 increased 0.47%. However, since the expected deviation is 0.91%, the Siacoin will decline in value on a Thursday quiet regularly. The expected price change of the Siacoin on a Thursday is between -0.44% and 1.38%.

Siacoin increased in value on an average Friday only slightly. The average increase in value of the Siacoin was 0.15%. 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 (5.90%). This means that on 68 percent of the Fridays, the change in price of the Siacoin is expected to be in the range of -5.75% and 6.05%.

On an average Saturday the Siacoin shows an increase in value of 1.05%. However, the change of Siacoin on most of the Saturdays is between -4.55% and 6.65%. 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 -1.49% 4.77% -6.27% to 3.28%
Monday -2.38% 3.92% -6.30% to 1.53%
Tuesday -0.61% 2.86% -3.47% to 2.25%
Wednesday -1.48% 3.15% -4.63% to 1.67%
Thursday 0.47% 0.91% -0.44% to 1.38%
Friday 0.15% 5.90% -5.75% to 6.05%
Saturday 1.05% 5.60% -4.55% to 6.65%
 

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