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 6 months, starting on November 24th, 2018 to May 23rd, 2019.
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 11/24/2018 and 05/23/2019.
According to the performance of Steem between November 24th, 2018 and May 23rd, 2019, Steem performed the best on Sundays. On average, the price of Steem increased 0.21% on Sunday.
The weekday on which the Steem performed the worst, is Monday. On Mondays, the Steem declined in value on average by -0.42%.
Steem weekday performance
Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.21%. 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 (1.98%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -1.77% and 2.19%.
Allthough the Steem decreases in value with -0.42% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Mondays is 1.58%. This means that the expected change of the value of Steem is between -1.99% and 1.16% on 68 out of 100 Mondays.
Steem increased in value on an average Tuesday only slightly. The average increase in value of the Steem was 0.09%. 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 (1.90%). This means that on 68 percent of the Tuesdays, the change in price of the Steem is expected to be in the range of -1.81% and 1.99%.
Allthough the Steem decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Wednesdays is 2.32%. This means that the expected change of the value of Steem is between -2.68% and 1.95% on 68 out of 100 Wednesdays.
It is hard to tell whether the Steem will increase or decrease in value on an average Thursday. The average change on a Thursday for the Steem is -0.05%. However, the standard deviation on this weekday is 1.74%. This means that on most Thursdays, the change in value of the Steem is between -1.79% and 1.69%.
Steem increased in value on an average Friday only slightly. The average increase in value of the Steem was 0.21%. 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 (0.83%). This means that on 68 percent of the Fridays, the change in price of the Steem is expected to be in the range of -0.62% and 1.03%.
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 -0.14%. However, the standard deviation on this weekday is 1.32%. This means that on most Saturdays, the change in value of the Steem is between -1.47% and 1.18%.
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 | 0.21% | 1.98% | -1.77% to 2.19% |
| Monday | -0.42% | 1.58% | -1.99% to 1.16% |
| Tuesday | 0.09% | 1.90% | -1.81% to 1.99% |
| Wednesday | -0.37% | 2.32% | -2.68% to 1.95% |
| Thursday | -0.05% | 1.74% | -1.79% to 1.69% |
| Friday | 0.21% | 0.83% | -0.62% to 1.03% |
| Saturday | -0.14% | 1.32% | -1.47% to 1.18% |