Decentraland (MANA)

Current price: $ 0.64

24 hours price change: $ -0.03 (-4.77%)

Daily analysis of Decentraland (MANA) - all

The performance of Decentraland regarding the price differs every day. To make the best decision to buy Decentraland, we are analysis in this article the performance of Decentraland on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 21st, 2017 to September 28th, 2021.

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

Average daily change in price of Decentraland per weekday between 09/21/2017 and 09/28/2021.

According to the performance of Decentraland between September 21st, 2017 and September 28th, 2021, Decentraland performed the best on Tuesdays. On average, the price of Decentraland increased 1.04% on Tuesday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.56%.

Decentraland weekday performance

Allthough the Decentraland decreases in value with -0.56% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 5.03%. This means that the expected change of the value of Decentraland is between -5.59% and 4.48% on 68 out of 100 Sundays.

Historical performance on Monday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland increased in value on average on an average Monday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Monday is between -10.19% and 11.73% (see also the table below).

On an average Tuesday the Decentraland shows an increase in value of 1.04%. However, the change of Decentraland on most of the Tuesdays is between -12.75% and 14.83%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Decentralands.

On an average Wednesday, the Decentraland increased 0.40%. However, since the expected deviation is 6.62%, the Decentraland will decline in value on a Wednesday quiet regularly. The expected price change of the Decentraland on a Wednesday is between -6.22% and 7.02%.

Decentraland increased in value on an average Thursday only slightly. The average increase in value of the Decentraland was 0.18%. Allthough the Decentraland closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.60%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -7.42% and 7.78%.

On an average Friday, the Decentraland increased 0.57%. However, since the expected deviation is 4.96%, the Decentraland will decline in value on a Friday quiet regularly. The expected price change of the Decentraland on a Friday is between -4.39% and 5.53%.

Decentraland increased in value on an average Saturday only slightly. The average increase in value of the Decentraland was 0.12%. Allthough the Decentraland closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.76%). This means that on 68 percent of the Saturdays, the change in price of the Decentraland is expected to be in the range of -6.65% and 6.88%.

Decentraland weekday performance details

Find below the details of the performance of Decentraland 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 -0.56% 5.03% -5.59% to 4.48%
Monday 0.77% 10.96% -10.19% to 11.73%
Tuesday 1.04% 13.79% -12.75% to 14.83%
Wednesday 0.40% 6.62% -6.22% to 7.02%
Thursday 0.18% 7.60% -7.42% to 7.78%
Friday 0.57% 4.96% -4.39% to 5.53%
Saturday 0.12% 6.76% -6.65% to 6.88%
 

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