Siacoin (SC)

Current price: $ 0.04

24 hours price change: $ -0.008759 (-18.26%)

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 March 20th, 2021 to April 20th, 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 03/20/2021 and 04/20/2021.

According to the performance of Siacoin between March 20th, 2021 and April 20th, 2021, Siacoin performed the best on Fridays. On average, the price of Siacoin increased 3.72% on Friday.

The weekday on which the Siacoin performed the worst, is Thursday. On Thursdays, the Siacoin declined in value on average by -1.00%.

Siacoin weekday performance

On an average Sunday the Siacoin shows an increase in value of 2.83%. However, the change of Siacoin on most of the Sundays is between -0.64% and 6.29%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Siacoins.

Allthough the Siacoin decreases in value with -0.53% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Mondays is 1.49%. This means that the expected change of the value of Siacoin is between -2.02% and 0.96% on 68 out of 100 Mondays.

On an average Tuesday, the Siacoin increased 0.39%. However, since the expected deviation is 0.48%, the Siacoin will decline in value on a Tuesday quiet regularly. The expected price change of the Siacoin on a Tuesday is between -0.09% and 0.87%.

Allthough the Siacoin decreases in value with -0.56% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Siacoin on Wednesdays is 2.28%. This means that the expected change of the value of Siacoin is between -2.84% and 1.72% on 68 out of 100 Wednesdays.

On Thursdays, the Siacoin decreases in value on average with -1.00%. On most of the Thursdays the Siacoin decreases in value between -2.71% and 0.72%. The uncertainty (1.72%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Siacoin on Thursdays is large.

The increase in value of the Siacoin is 3.72% on an average Friday. However, the uncertainty on the average change is high for the Siacoin on Fridays. This is the reason why an expected increase of the Siacoin on an average Friday cannot be predicted. The standard deviation for Siacoin on Fridays is high, namely 6.27%. This means that the expected range of value change for the Siacoin is -2.55% and 10.00% on 68% of the Fridays.

On an average Saturday the Siacoin shows an increase in value of 2.16%. However, the change of Siacoin on most of the Saturdays is between -1.21% and 5.53%. 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 2.83% 3.46% -0.64% to 6.29%
Monday -0.53% 1.49% -2.02% to 0.96%
Tuesday 0.39% 0.48% -0.09% to 0.87%
Wednesday -0.56% 2.28% -2.84% to 1.72%
Thursday -1.00% 1.72% -2.71% to 0.72%
Friday 3.72% 6.27% -2.55% to 10.00%
Saturday 2.16% 3.37% -1.21% to 5.53%
 

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