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 April 24th, 2024 to May 17th, 2024.

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 04/24/2024 and 05/17/2024.

According to the performance of Decentraland between April 24th, 2024 and May 17th, 2024, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 0.09% on Wednesday.

The weekday on which the Decentraland performed the worst, is Tuesday. On Tuesdays, the Decentraland declined in value on average by -1.57%.

Decentraland weekday performance

Allthough the Decentraland decreases in value with -0.55% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 0.74%. This means that the expected change of the value of Decentraland is between -1.29% and 0.19% on 68 out of 100 Sundays.

On Mondays, the Decentraland decreases in value on average with -0.64%. On most of the Mondays the Decentraland decreases in value between -1.55% and 0.28%. The uncertainty (0.92%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Decentraland on Mondays is large.

The Decentraland declines in value on an average Tuesday with -1.57%. However, the uncertainty (or standard deviation) is quite large, namely 2.16%. This means that it is not possible to say whether on a regular Tuesday the Decentraland will increase or decrease in value.

Decentraland increased in value on an average Wednesday only slightly. The average increase in value of the Decentraland was 0.09%. 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 -0.03% and 0.20%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decentraland is -0.02%. However, the standard deviation on this weekday is 0.05%. This means that on most Thursdays, the change in value of the Decentraland is between -0.06% and 0.03%.

On Fridays, the Decentraland decreases in value on average with -0.73%. On most of the Fridays the Decentraland decreases in value between -1.98% and 0.53%. The uncertainty (1.26%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Decentraland on Fridays is large.

Decentraland increased in value on an average Saturday only slightly. The average increase in value of the Decentraland was 0.02%. 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 (0.07%). This means that on 68 percent of the Saturdays, the change in price of the Decentraland is expected to be in the range of -0.05% and 0.09%.

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 -0.55% 0.74% -1.29% to 0.19%
Monday -0.64% 0.92% -1.55% to 0.28%
Tuesday -1.57% 2.16% -3.73% to 0.60%
Wednesday 0.09% 0.11% -0.03% to 0.20%
Thursday -0.02% 0.05% -0.06% to 0.03%
Friday -0.73% 1.26% -1.98% to 0.53%
Saturday 0.02% 0.07% -0.05% to 0.09%
 

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