Steem (STEEM)

Current price: $ 0.20

24 hours price change: $ 0.20 (inf%)

Daily analysis of Steem (STEEM) - 1 month

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 December 19th, 2020 to January 17th, 2021.

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 12/19/2020 and 01/17/2021.

According to the performance of Steem between December 19th, 2020 and January 17th, 2021, Steem performed the best on Saturdays. On average, the price of Steem increased 0.78% on Saturday.

The weekday on which the Steem performed the worst, is Sunday. On Sundays, the Steem declined in value on average by -1.10%.

Steem weekday performance

The Steem declines in value on an average Sunday with -1.10%. However, the uncertainty (or standard deviation) is quite large, namely 1.26%. This means that it is not possible to say whether on a regular Sunday the Steem will increase or decrease in value.

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 -0.29%. However, the standard deviation on this weekday is 1.39%. This means that on most Mondays, the change in value of the Steem is between -1.68% and 1.10%.

Allthough the Steem decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Tuesdays is 1.30%. This means that the expected change of the value of Steem is between -1.88% and 0.72% on 68 out of 100 Tuesdays.

It is hard to tell whether the Steem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Steem is -0.23%. However, the standard deviation on this weekday is 1.42%. This means that on most Wednesdays, the change in value of the Steem is between -1.65% and 1.19%.

The expected range of change of the Steem for an average Thursday is between 0.53% and 0.81%. This is the result of an average increase in value of 0.67% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On an average Friday, the Steem increased 0.52%. However, since the expected deviation is 1.46%, the Steem will decline in value on a Friday quiet regularly. The expected price change of the Steem on a Friday is between -0.94% and 1.98%.

Historical performance on Saturday 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 Saturday with 0.78%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Saturday is between -1.66% and 3.22% (see also the table below).

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 -1.10% 1.26% -2.36% to 0.16%
Monday -0.29% 1.39% -1.68% to 1.10%
Tuesday -0.58% 1.30% -1.88% to 0.72%
Wednesday -0.23% 1.42% -1.65% to 1.19%
Thursday 0.67% 0.14% 0.53% to 0.81%
Friday 0.52% 1.46% -0.94% to 1.98%
Saturday 0.78% 2.44% -1.66% to 3.22%
 

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