Decentraland (MANA)

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Daily analysis of Decentraland (MANA) - 1 month

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 1 month, starting on May 28th, 2022 to June 28th, 2022.

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 05/28/2022 and 06/28/2022.

According to the performance of Decentraland between May 28th, 2022 and June 28th, 2022, Decentraland performed the best on Thursdays. On average, the price of Decentraland increased 0.18% on Thursday.

The weekday on which the Decentraland performed the worst, is Tuesday. On Tuesdays, the Decentraland declined in value on average by -0.17%.

Decentraland weekday performance

The Decentraland will almost not change or only slightly increase in value on an average Sunday. The average change of the Decentraland on Sundays is 0.06%. The standard deviation of the Decentraland is 0.06%, which means that in 68% of the Sundays, the range of the change of the Decentraland is 0.01% and 0.12%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Decentraland increased in value on an average Monday only slightly. The average increase in value of the Decentraland was 0.10%. 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 (0.20%). This means that on 68 percent of the Mondays, the change in price of the Decentraland is expected to be in the range of -0.10% and 0.30%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decentraland is -0.17%. However, the standard deviation on this weekday is 0.54%. This means that on most Tuesdays, the change in value of the Decentraland is between -0.71% and 0.38%.

Decentraland increased in value on an average Wednesday only slightly. The average increase in value of the Decentraland was 0.07%. 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 (0.11%). This means that on 68 percent of the Wednesdays, the change in price of the Decentraland is expected to be in the range of -0.04% and 0.17%.

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 (0.20%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -0.03% and 0.38%.

Decentraland increased in value on an average Friday only slightly. The average increase in value of the Decentraland was 0.04%. 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 (0.09%). This means that on 68 percent of the Fridays, the change in price of the Decentraland is expected to be in the range of -0.06% and 0.13%.

Decentraland increased in value on an average Saturday only slightly. The average increase in value of the Decentraland was 0.07%. 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 (0.21%). This means that on 68 percent of the Saturdays, the change in price of the Decentraland is expected to be in the range of -0.14% and 0.28%.

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 0.06% 0.06% 0.01% to 0.12%
Monday 0.10% 0.20% -0.10% to 0.30%
Tuesday -0.17% 0.54% -0.71% to 0.38%
Wednesday 0.07% 0.11% -0.04% to 0.17%
Thursday 0.18% 0.20% -0.03% to 0.38%
Friday 0.04% 0.09% -0.06% to 0.13%
Saturday 0.07% 0.21% -0.14% to 0.28%
 

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