The performance of BitShares regarding the price differs every day. To make the best decision to buy BitShares, we are analysis in this article the performance of BitShares on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 16th, 2014 to March 7th, 2018.
In the barchart below, the weekdays and average performance of BitShares are shown side by side.
Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
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Average change (%)
Average daily change in price of BitShares per weekday between 09/16/2014 and 03/07/2018.
According to the performance of BitShares between September 16th, 2014 and March 7th, 2018, BitShares performed the best on Wednesdays. On average, the price of BitShares increased 559,955.85% on Wednesday.
The weekday on which the BitShares performed the worst, is Sunday. On Sundays, the BitShares declined in value on average by -0.89%.
BitShares weekday performance
On Sundays, the BitShares decreases in value on average with -0.89%. On most of the Sundays the BitShares decreases in value between -9.65% and 7.86%. The uncertainty (8.75%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the BitShares on Sundays is large.
BitShares increased in value on an average Monday only slightly. The average increase in value of the BitShares was 0.01%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.27%). This means that on 68 percent of the Mondays, the change in price of the BitShares is expected to be in the range of -7.26% and 7.27%.
On an average Tuesday, the BitShares increased 0.53%. However, since the expected deviation is 8.01%, the BitShares will decline in value on a Tuesday quiet regularly. The expected price change of the BitShares on a Tuesday is between -7.48% and 8.54%.
The increase in value of the BitShares is 559,955.85% on an average Wednesday. However, the uncertainty on the average change is high for the BitShares on Wednesdays. This is the reason why an expected increase of the BitShares on an average Wednesday cannot be predicted. The standard deviation for BitShares on Wednesdays is high, namely 7,322,372.41%. This means that the expected range of value change for the BitShares is -6,762,416.56% and 7,882,328.27% on 68% of the Wednesdays.
BitShares increased in value on an average Thursday only slightly. The average increase in value of the BitShares was 0.20%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (11.10%). This means that on 68 percent of the Thursdays, the change in price of the BitShares is expected to be in the range of -10.90% and 11.31%.
On an average Friday the BitShares shows an increase in value of 1.08%. However, the change of BitShares on most of the Fridays is between -7.01% and 9.18%. Therefore it is hard to tell whether an average Friday is a good day to start buying BitSharess.
BitShares increased in value on an average Saturday only slightly. The average increase in value of the BitShares was 0.15%. Allthough the BitShares closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.19%). This means that on 68 percent of the Saturdays, the change in price of the BitShares is expected to be in the range of -8.04% and 8.35%.
BitShares weekday performance details
Find below the details of the performance of BitShares 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 -0.89% 8.75% -9.65% to 7.86%
Monday 0.01% 7.27% -7.26% to 7.27%
Tuesday 0.53% 8.01% -7.48% to 8.54%
Wednesday 559,955.85% 7,322,372.41% -6,762,416.56% to 7,882,328.27%
Thursday 0.20% 11.10% -10.90% to 11.31%
Friday 1.08% 8.10% -7.01% to 9.18%
Saturday 0.15% 8.19% -8.04% to 8.35%
Source: https://www.crypto-indicators.com/coins/bitshares/bitshares-daily
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