Decentraland (MANA)

Current price: $ 1.13

24 hours price change: $ -0.23 (-16.85%)

Daily analysis of Decentraland (MANA) - 6 months

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 6 months, starting on October 23rd, 2020 to April 23rd, 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 10/23/2020 and 04/23/2021.

According to the performance of Decentraland between October 23rd, 2020 and April 23rd, 2021, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 1.71% on Saturday.

The weekday on which the Decentraland performed the worst, is Wednesday. On Wednesdays, the Decentraland declined in value on average by -0.73%.

Decentraland weekday performance

Decentraland increased in value on an average Sunday only slightly. The average increase in value of the Decentraland was 0.14%. 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 (5.49%). This means that on 68 percent of the Sundays, the change in price of the Decentraland is expected to be in the range of -5.35% and 5.64%.

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 -0.04%. However, the standard deviation on this weekday is 4.08%. This means that on most Mondays, the change in value of the Decentraland is between -4.12% and 4.05%.

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 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Tuesday is between -2.49% and 4.00% (see also the table below).

On Wednesdays, the Decentraland decreases in value on average with -0.73%. On most of the Wednesdays the Decentraland decreases in value between -4.91% and 3.45%. The uncertainty (4.18%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Decentraland on Wednesdays is large.

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 (4.18%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -4.00% and 4.35%.

On an average Friday the Decentraland shows an increase in value of 1.34%. However, the change of Decentraland on most of the Fridays is between -5.68% and 8.37%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decentralands.

On an average Saturday the Decentraland shows an increase in value of 1.71%. However, the change of Decentraland on most of the Saturdays is between -3.36% and 6.79%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Decentralands.

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 0.14% 5.49% -5.35% to 5.64%
Monday -0.04% 4.08% -4.12% to 4.05%
Tuesday 0.76% 3.24% -2.49% to 4.00%
Wednesday -0.73% 4.18% -4.91% to 3.45%
Thursday 0.18% 4.18% -4.00% to 4.35%
Friday 1.34% 7.03% -5.68% to 8.37%
Saturday 1.71% 5.07% -3.36% to 6.79%
 

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