Siacoin (SC)

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Daily analysis of Siacoin (SC) - 1 year

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 year, starting on June 28th, 2021 to June 28th, 2022.

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 06/28/2021 and 06/28/2022.

According to the performance of Siacoin between June 28th, 2021 and June 28th, 2022, Siacoin performed the best on Sundays. On average, the price of Siacoin increased 0.52% on Sunday.

The weekday on which the Siacoin performed the worst, is Monday. On Mondays, the Siacoin declined in value on average by -0.26%.

Siacoin weekday performance

On an average Sunday, the Siacoin increased 0.52%. However, since the expected deviation is 2.69%, the Siacoin will decline in value on a Sunday quiet regularly. The expected price change of the Siacoin on a Sunday is between -2.17% and 3.21%.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Monday. The average change on a Monday for the Siacoin is -0.26%. However, the standard deviation on this weekday is 1.97%. This means that on most Mondays, the change in value of the Siacoin is between -2.23% and 1.71%.

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 -0.13%. However, the standard deviation on this weekday is 1.99%. This means that on most Tuesdays, the change in value of the Siacoin is between -2.12% and 1.85%.

On an average Wednesday, the Siacoin increased 0.38%. However, since the expected deviation is 1.72%, the Siacoin will decline in value on a Wednesday quiet regularly. The expected price change of the Siacoin on a Wednesday is between -1.34% and 2.10%.

Siacoin increased in value on an average Thursday only slightly. The average increase in value of the Siacoin was 0.14%. 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 (1.29%). This means that on 68 percent of the Thursdays, the change in price of the Siacoin is expected to be in the range of -1.16% and 1.43%.

Siacoin increased in value on an average Friday only slightly. The average increase in value of the Siacoin was 0.19%. 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 (2.12%). This means that on 68 percent of the Fridays, the change in price of the Siacoin is expected to be in the range of -1.92% and 2.31%.

It is hard to tell whether the Siacoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Siacoin is -0.09%. However, the standard deviation on this weekday is 1.87%. This means that on most Saturdays, the change in value of the Siacoin is between -1.96% and 1.78%.

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 0.52% 2.69% -2.17% to 3.21%
Monday -0.26% 1.97% -2.23% to 1.71%
Tuesday -0.13% 1.99% -2.12% to 1.85%
Wednesday 0.38% 1.72% -1.34% to 2.10%
Thursday 0.14% 1.29% -1.16% to 1.43%
Friday 0.19% 2.12% -1.92% to 2.31%
Saturday -0.09% 1.87% -1.96% to 1.78%
 

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