THETA (THETA)

Current price: $ 0.70

24 hours price change: $ -0.01 (-1.65%)

Daily analysis of THETA (THETA) - 1 month

The performance of THETA regarding the price differs every day. To make the best decision to buy THETA, we are analysis in this article the performance of THETA on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 26th, 2020 to October 25th, 2020.

In the barchart below, the weekdays and average performance of THETA are shown side by side.

Average daily change in price of THETA per weekday between 09/26/2020 and 10/25/2020.

According to the performance of THETA between September 26th, 2020 and October 25th, 2020, THETA performed the best on Wednesdays. On average, the price of THETA increased 0.53% on Wednesday.

The weekday on which the THETA performed the worst, is Monday. On Mondays, the THETA declined in value on average by -2.09%.

THETA weekday performance

THETA increased in value on an average Sunday only slightly. The average increase in value of the THETA was 0.18%. Allthough the THETA closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.58%). This means that on 68 percent of the Sundays, the change in price of the THETA is expected to be in the range of -0.40% and 0.76%.

The THETA declines in value on an average Monday with -2.09%. However, the uncertainty (or standard deviation) is quite large, namely 3.35%. This means that it is not possible to say whether on a regular Monday the THETA will increase or decrease in value.

THETA increased in value on an average Tuesday only slightly. The average increase in value of the THETA was 0.04%. Allthough the THETA closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.30%). This means that on 68 percent of the Tuesdays, the change in price of the THETA is expected to be in the range of -0.27% and 0.34%.

The average increase of the THETA on an average Wednesday is 0.53%. This is a small increase, however, the expected change of the THETA in 95% of the Wednesdays is -0.51% and 1.57%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the THETA is below -0.51%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.57%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the THETA will be in the range of 0.01% and 1.05%.

It is hard to tell whether the THETA will increase or decrease in value on an average Thursday. The average change on a Thursday for the THETA is -0.04%. However, the standard deviation on this weekday is 0.20%. This means that on most Thursdays, the change in value of the THETA is between -0.24% and 0.16%.

It is hard to tell whether the THETA will increase or decrease in value on an average Friday. The average change on a Friday for the THETA is -0.15%. However, the standard deviation on this weekday is 0.05%. This means that on most Fridays, the change in value of the THETA is between -0.20% and -0.10%.

On an average Saturday, the THETA increased 0.52%. However, since the expected deviation is 1.19%, the THETA will decline in value on a Saturday quiet regularly. The expected price change of the THETA on a Saturday is between -0.67% and 1.72%.

THETA weekday performance details

Find below the details of the performance of THETA 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 0.18% 0.58% -0.40% to 0.76%
Monday -2.09% 3.35% -5.44% to 1.25%
Tuesday 0.04% 0.30% -0.27% to 0.34%
Wednesday 0.53% 0.52% 0.01% to 1.05%
Thursday -0.04% 0.20% -0.24% to 0.16%
Friday -0.15% 0.05% -0.20% to -0.10%
Saturday 0.52% 1.19% -0.67% to 1.72%
 

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