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 year, starting on April 23rd, 2020 to April 23rd, 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 04/23/2020 and 04/23/2021.
According to the performance of Steem between April 23rd, 2020 and April 23rd, 2021, Steem performed the best on Fridays. On average, the price of Steem increased 0.57% on Friday.
The weekday on which the Steem performed the worst, is Wednesday. On Wednesdays, the Steem declined in value on average by -0.27%.
Steem weekday performance
Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.28%. 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 (3.13%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -2.85% and 3.41%.
On an average Monday, the Steem increased 0.40%. However, since the expected deviation is 3.55%, the Steem will decline in value on a Monday quiet regularly. The expected price change of the Steem on a Monday is between -3.15% and 3.94%.
On an average Tuesday, the Steem increased 0.39%. However, since the expected deviation is 4.07%, the Steem will decline in value on a Tuesday quiet regularly. The expected price change of the Steem on a Tuesday is between -3.68% and 4.46%.
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 -0.27%. However, the standard deviation on this weekday is 2.49%. This means that on most Wednesdays, the change in value of the Steem is between -2.76% and 2.21%.
Steem increased in value on an average Thursday only slightly. The average increase in value of the Steem was 0.22%. 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 (1.40%). This means that on 68 percent of the Thursdays, the change in price of the Steem is expected to be in the range of -1.18% and 1.62%.
On an average Friday, the Steem increased 0.57%. However, since the expected deviation is 3.58%, the Steem will decline in value on a Friday quiet regularly. The expected price change of the Steem on a Friday is between -3.01% and 4.15%.
Steem increased in value on an average Saturday only slightly. The average increase in value of the Steem was 0.17%. 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 (2.17%). This means that on 68 percent of the Saturdays, the change in price of the Steem is expected to be in the range of -2.00% and 2.34%.
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 | 0.28% | 3.13% | -2.85% to 3.41% |
| Monday | 0.40% | 3.55% | -3.15% to 3.94% |
| Tuesday | 0.39% | 4.07% | -3.68% to 4.46% |
| Wednesday | -0.27% | 2.49% | -2.76% to 2.21% |
| Thursday | 0.22% | 1.40% | -1.18% to 1.62% |
| Friday | 0.57% | 3.58% | -3.01% to 4.15% |
| Saturday | 0.17% | 2.17% | -2.00% to 2.34% |