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 1 month, starting on November 6th, 2022 to December 6th, 2022.
In the barchart below, the weekdays and average performance of Steem are shown side by side.
According to the performance of Steem between November 6th, 2022 and December 6th, 2022, Steem performed the best on Fridays. On average, the price of Steem increased 1.73% on Friday.
The weekday on which the Steem performed the worst, is Monday. On Mondays, the Steem declined in value on average by -1.29%.
Steem weekday performance
On an average Sunday, the Steem increased 0.48%. However, since the expected deviation is 0.72%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -0.24% and 1.19%.
The Steem declines in value on an average Monday with -1.29%. However, the uncertainty (or standard deviation) is quite large, namely 1.48%. This means that it is not possible to say whether on a regular Monday the Steem will increase or decrease in value.
On an average Tuesday the Steem shows an increase in value of 1.28%. However, the change of Steem on most of the Tuesdays is between -0.71% and 3.27%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.
On an average Wednesday, the Steem increased 0.41%. However, since the expected deviation is 0.96%, the Steem will decline in value on a Wednesday quiet regularly. The expected price change of the Steem on a Wednesday is between -0.55% and 1.37%.
On an average Thursday the Steem shows an increase in value of 1.60%. However, the change of Steem on most of the Thursdays is between -1.33% and 4.54%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Steems.
On an average Friday the Steem shows an increase in value of 1.73%. However, the change of Steem on most of the Fridays is between 0.00% and 3.46%. Therefore it is hard to tell whether an average Friday is a good day to start buying Steems.
On Saturdays, the Steem decreases in value on average with -0.61%. On most of the Saturdays the Steem decreases in value between -2.39% and 1.17%. The uncertainty (1.78%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Steem on Saturdays is large.
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||0.48%||0.72%||-0.24% to 1.19%|
|Monday||-1.29%||1.48%||-2.76% to 0.19%|
|Tuesday||1.28%||1.99%||-0.71% to 3.27%|
|Wednesday||0.41%||0.96%||-0.55% to 1.37%|
|Thursday||1.60%||2.94%||-1.33% to 4.54%|
|Friday||1.73%||1.73%||0.00% to 3.46%|
|Saturday||-0.61%||1.78%||-2.39% to 1.17%|