Decentraland (MANA)

Current price: $ 0.09

24 hours price change: $ -0.005050 (-5.49%)

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 November 4th, 2020 to December 3rd, 2020.

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 11/04/2020 and 12/03/2020.

According to the performance of Decentraland between November 4th, 2020 and December 3rd, 2020, Decentraland performed the best on Mondays. On average, the price of Decentraland increased 1.95% on Monday.

The weekday on which the Decentraland performed the worst, is Friday. On Fridays, the Decentraland declined in value on average by -0.58%.

Decentraland weekday performance

Historical performance on Sunday 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 Sunday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Sunday is between -0.25% and 1.80% (see also the table below).

On an average Monday the Decentraland shows an increase in value of 1.95%. However, the change of Decentraland on most of the Mondays is between -1.67% and 5.56%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decentralands.

Historical performance on Tuesday 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 Tuesday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Tuesday is between -0.46% and 2.40% (see also the table below).

On an average Wednesday, the Decentraland increased 0.40%. However, since the expected deviation is 1.15%, the Decentraland will decline in value on a Wednesday quiet regularly. The expected price change of the Decentraland on a Wednesday is between -0.75% and 1.55%.

Decentraland increased in value on an average Thursday only slightly. The average increase in value of the Decentraland was 0.08%. 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 (1.53%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -1.45% and 1.61%.

Allthough the Decentraland decreases in value with -0.58% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Fridays is 0.69%. This means that the expected change of the value of Decentraland is between -1.27% and 0.10% on 68 out of 100 Fridays.

Allthough the Decentraland decreases in value with -0.32% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Saturdays is 0.38%. This means that the expected change of the value of Decentraland is between -0.70% and 0.06% on 68 out of 100 Saturdays.

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 0.77% 1.02% -0.25% to 1.80%
Monday 1.95% 3.61% -1.67% to 5.56%
Tuesday 0.97% 1.43% -0.46% to 2.40%
Wednesday 0.40% 1.15% -0.75% to 1.55%
Thursday 0.08% 1.53% -1.45% to 1.61%
Friday -0.58% 0.69% -1.27% to 0.10%
Saturday -0.32% 0.38% -0.70% to 0.06%
 

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