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 July 10th, 2020 to August 10th, 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 07/10/2020 and 08/10/2020.
According to the performance of Steem between July 10th, 2020 and August 10th, 2020, Steem performed the best on Wednesdays. On average, the price of Steem increased 0.65% on Wednesday.
The weekday on which the Steem performed the worst, is Saturday. On Saturdays, the Steem declined in value on average by -0.06%.
Steem weekday performance
Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.02%. 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 (0.05%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -0.03% and 0.07%.
It is hard to tell whether the Steem will increase or decrease in value on an average Monday. The average change on a Monday for the Steem is -0.05%. However, the standard deviation on this weekday is 0.13%. This means that on most Mondays, the change in value of the Steem is between -0.18% and 0.08%.
Steem increased in value on an average Tuesday only slightly. The average increase in value of the Steem was 0.01%. 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 (0.02%). This means that on 68 percent of the Tuesdays, the change in price of the Steem is expected to be in the range of -0.01% and 0.03%.
Historical performance on Wednesday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Wednesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Wednesday is between -0.75% and 2.04% (see also the table below).
The Steem will almost not change or only slightly increase in value on an average Thursday. The average change of the Steem on Thursdays is 0.08%. The standard deviation of the Steem is 0.04%, which means that in 68% of the Thursdays, the range of the change of the Steem is 0.04% and 0.12%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
Steem increased in value on an average Friday only slightly. The average increase in value of the Steem was 0.00%. 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 (0.19%). This means that on 68 percent of the Fridays, the change in price of the Steem is expected to be in the range of -0.19% and 0.20%.
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 -0.06%. However, the standard deviation on this weekday is 0.11%. This means that on most Saturdays, the change in value of the Steem is between -0.18% and 0.05%.
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 | 0.02% | 0.05% | -0.03% to 0.07% |
| Monday | -0.05% | 0.13% | -0.18% to 0.08% |
| Tuesday | 0.01% | 0.02% | -0.01% to 0.03% |
| Wednesday | 0.65% | 1.39% | -0.75% to 2.04% |
| Thursday | 0.08% | 0.04% | 0.04% to 0.12% |
| Friday | 0.00% | 0.19% | -0.19% to 0.20% |
| Saturday | -0.06% | 0.11% | -0.18% to 0.05% |