Decentraland (MANA)

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Daily analysis of Decentraland (MANA) - 1 year

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 year, starting on May 22nd, 2023 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 05/22/2023 and 05/17/2024.

According to the performance of Decentraland between May 22nd, 2023 and May 17th, 2024, Decentraland performed the best on Thursdays. On average, the price of Decentraland increased 0.45% on Thursday.

The weekday on which the Decentraland performed the worst, is Wednesday. On Wednesdays, the Decentraland declined in value on average by -0.10%.

Decentraland weekday performance

It is hard to tell whether the Decentraland will increase or decrease in value on an average Sunday. The average change on a Sunday for the Decentraland is -0.09%. However, the standard deviation on this weekday is 1.13%. This means that on most Sundays, the change in value of the Decentraland is between -1.22% and 1.04%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Monday. The average change on a Monday for the Decentraland is -0.02%. However, the standard deviation on this weekday is 1.18%. This means that on most Mondays, the change in value of the Decentraland is between -1.20% and 1.16%.

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 -0.09%. However, the standard deviation on this weekday is 1.26%. This means that on most Tuesdays, the change in value of the Decentraland is between -1.36% and 1.17%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Decentraland is -0.10%. However, the standard deviation on this weekday is 1.05%. This means that on most Wednesdays, the change in value of the Decentraland is between -1.16% and 0.95%.

On an average Thursday, the Decentraland increased 0.45%. However, since the expected deviation is 2.27%, the Decentraland will decline in value on a Thursday quiet regularly. The expected price change of the Decentraland on a Thursday is between -1.83% and 2.72%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Friday. The average change on a Friday for the Decentraland is -0.03%. However, the standard deviation on this weekday is 1.18%. This means that on most Fridays, the change in value of the Decentraland is between -1.20% and 1.15%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Saturday. The average change on a Saturday for the Decentraland is -0.07%. However, the standard deviation on this weekday is 0.86%. This means that on most Saturdays, the change in value of the Decentraland is between -0.92% and 0.79%.

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 -0.09% 1.13% -1.22% to 1.04%
Monday -0.02% 1.18% -1.20% to 1.16%
Tuesday -0.09% 1.26% -1.36% to 1.17%
Wednesday -0.10% 1.05% -1.16% to 0.95%
Thursday 0.45% 2.27% -1.83% to 2.72%
Friday -0.03% 1.18% -1.20% to 1.15%
Saturday -0.07% 0.86% -0.92% to 0.79%
 

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