Siacoin (SC)

Current price: $ 0.002924

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 June 15th, 2019 to July 14th, 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 06/15/2019 and 07/14/2019.

According to the performance of Siacoin between June 15th, 2019 and July 14th, 2019, Siacoin performed the best on Wednesdays. On average, the price of Siacoin increased 3.01% on Wednesday.

The weekday on which the Siacoin performed the worst, is Friday. On Fridays, the Siacoin declined in value on average by -0.74%.

Siacoin weekday performance

Allthough the Siacoin decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Sundays is 1.25%. This means that the expected change of the value of Siacoin is between -1.57% and 0.92% on 68 out of 100 Sundays.

On an average Monday the Siacoin shows a high increase in value, namely 1.87%. The standard deviation is below the average increase percentage (standard deviation is 1.77%), meaning that on 68% of the Mondays the Siacoin will increase with a percentage between 0.10% and 3.64%. This also means that, on average, on 16 percent of the Mondays, the Siacoin will increase with a percentage above this range. On the other 16% of the Mondays, the Siacoin will change with a percentage below the 0.10%.

The average increase of the Siacoin on an average Tuesday is 0.35%. This is a small increase, however, the expected change of the Siacoin in 95% of the Tuesdays is -0.25% and 0.95%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Siacoin is below -0.25%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.95%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Siacoin will be in the range of 0.05% and 0.65%.

The increase in value of the Siacoin is 3.01% on an average Wednesday. However, the uncertainty on the average change is high for the Siacoin on Wednesdays. This is the reason why an expected increase of the Siacoin on an average Wednesday cannot be predicted. The standard deviation for Siacoin on Wednesdays is high, namely 3.21%. This means that the expected range of value change for the Siacoin is -0.19% and 6.22% on 68% of the Wednesdays.

On an average Thursday the Siacoin shows an increase in value of 1.29%. However, the change of Siacoin on most of the Thursdays is between -0.56% and 3.13%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Siacoins.

On Fridays, the Siacoin decreases in value on average with -0.74%. On most of the Fridays the Siacoin decreases in value between -2.36% and 0.89%. The uncertainty (1.62%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Siacoin on Fridays is large.

On an average Saturday the Siacoin shows an increase in value of 1.18%. However, the change of Siacoin on most of the Saturdays is between -0.54% and 2.90%. 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.33%1.25%-1.57% to 0.92%
Monday1.87%1.77%0.10% to 3.64%
Tuesday0.35%0.30%0.05% to 0.65%
Wednesday3.01%3.21%-0.19% to 6.22%
Thursday1.29%1.84%-0.56% to 3.13%
Friday-0.74%1.62%-2.36% to 0.89%
Saturday1.18%1.72%-0.54% to 2.90%