Siacoin (SC)

Current price: $ 0.003066

24 hours price change: $ -0.000110 (-3.45%)

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 August 19th, 2020 to September 18th, 2020.

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 08/19/2020 and 09/18/2020.

According to the performance of Siacoin between August 19th, 2020 and September 18th, 2020, Siacoin performed the best on Thursdays. On average, the price of Siacoin increased 0.61% on Thursday.

The weekday on which the Siacoin performed the worst, is Wednesday. On Wednesdays, the Siacoin declined in value on average by -1.33%.

Siacoin weekday performance

It is hard to tell whether the Siacoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Siacoin is -0.01%. However, the standard deviation on this weekday is 0.02%. This means that on most Sundays, the change in value of the Siacoin is between -0.03% and 0.02%.

On Mondays, the Siacoin decreases in value on average with -0.76%. On most of the Mondays the Siacoin decreases in value between -2.07% and 0.56%. The uncertainty (1.32%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Siacoin on Mondays is large.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Siacoin is -0.02%. However, the standard deviation on this weekday is 0.03%. This means that on most Tuesdays, the change in value of the Siacoin is between -0.05% and 0.01%.

The Siacoin declines in value on an average Wednesday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 2.62%. This means that it is not possible to say whether on a regular Wednesday the Siacoin will increase or decrease in value.

Historical performance on Thursday 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 Thursday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Siacoin on a Thursday is between -0.59% and 1.82% (see also the table below).

Allthough the Siacoin decreases in value with -0.53% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Fridays is 1.10%. This means that the expected change of the value of Siacoin is between -1.63% and 0.57% on 68 out of 100 Fridays.

On Saturdays, the Siacoin decreases in value on average with -0.83%. On most of the Saturdays the Siacoin decreases in value between -2.05% and 0.39%. The uncertainty (1.22%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Siacoin on Saturdays is large.

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 -0.01% 0.02% -0.03% to 0.02%
Monday -0.76% 1.32% -2.07% to 0.56%
Tuesday -0.02% 0.03% -0.05% to 0.01%
Wednesday -1.33% 2.62% -3.95% to 1.29%
Thursday 0.61% 1.20% -0.59% to 1.82%
Friday -0.53% 1.10% -1.63% to 0.57%
Saturday -0.83% 1.22% -2.05% to 0.39%
 

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