Steem (STEEM)

Current price: $ 0.21

24 hours price change: $ -0.002437 (-1.14%)

Daily analysis of Steem (STEEM) - all

The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on April 16th, 2016 to June 4th, 2020.

In the barchart below, the weekdays and average performance of Steem are shown side by side.

Average daily change in price of Steem per weekday between 04/16/2016 and 06/04/2020.

According to the performance of Steem between April 16th, 2016 and June 4th, 2020, Steem performed the best on Fridays. On average, the price of Steem increased inf% on Friday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.42%.

Steem weekday performance

On an average Sunday, the Steem increased 0.47%. However, since the expected deviation is 12.67%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -12.20% and 13.13%.

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.04%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (14.28%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -14.24% and 14.32%.

On an average Tuesday, the Steem increased 0.47%. However, since the expected deviation is 7.01%, the Steem will decline in value on a Tuesday quiet regularly. The expected price change of the Steem on a Tuesday is between -6.54% and 7.48%.

Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.29%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.50%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -7.21% and 7.79%.

Allthough the Steem decreases in value with -0.42% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Thursdays is 8.00%. This means that the expected change of the value of Steem is between -8.42% and 7.58% on 68 out of 100 Thursdays.

On Fridays, the average increase of the value of the Steem is very high. The average increase is inf%. The standard deviation of the Steem on Fridays is nan%. This means that on 68% of the Fridays, the Steem increases between nan% and nan%. The uncertainty is therefore not very high, since on most Fridays, the value of the Steem will increase.

It is hard to tell whether the Steem will increase or decrease in value on an average Saturday. The average change on a Saturday for the Steem is -0.30%. However, the standard deviation on this weekday is 5.87%. This means that on most Saturdays, the change in value of the Steem is between -6.17% and 5.58%.

Steem weekday performance details

Find below the details of the performance of Steem 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 0.47% 12.67% -12.20% to 13.13%
Monday 0.04% 14.28% -14.24% to 14.32%
Tuesday 0.47% 7.01% -6.54% to 7.48%
Wednesday 0.29% 7.50% -7.21% to 7.79%
Thursday -0.42% 8.00% -8.42% to 7.58%
Friday inf% nan% nan% to nan%
Saturday -0.30% 5.87% -6.17% to 5.58%
 

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