Decentraland (MANA)

Current price: $ 0.80

24 hours price change: $ -0.005700 (-0.70%)

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 April 22nd, 2021 to October 22nd, 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 04/22/2021 and 10/22/2021.

According to the performance of Decentraland between April 22nd, 2021 and October 22nd, 2021, Decentraland performed the best on Wednesdays. On average, the price of Decentraland increased 2.79% on Wednesday.

The weekday on which the Decentraland performed the worst, is Monday. On Mondays, the Decentraland declined in value on average by -1.04%.

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 -0.13%. However, the standard deviation on this weekday is 2.09%. This means that on most Sundays, the change in value of the Decentraland is between -2.22% and 1.96%.

The Decentraland declines in value on an average Monday with -1.04%. However, the uncertainty (or standard deviation) is quite large, namely 6.62%. This means that it is not possible to say whether on a regular Monday the Decentraland will increase or decrease in value.

Decentraland increased in value on an average Tuesday only slightly. The average increase in value of the Decentraland was 0.13%. 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 (2.74%). This means that on 68 percent of the Tuesdays, the change in price of the Decentraland is expected to be in the range of -2.61% and 2.87%.

On an average Wednesday the Decentraland shows an increase in value of 2.79%. However, the change of Decentraland on most of the Wednesdays is between -4.07% and 9.64%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decentralands.

Allthough the Decentraland decreases in value with -0.56% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Thursdays is 3.01%. This means that the expected change of the value of Decentraland is between -3.57% and 2.45% on 68 out of 100 Thursdays.

Allthough the Decentraland decreases in value with -0.57% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Fridays is 3.57%. This means that the expected change of the value of Decentraland is between -4.15% and 3.00% on 68 out of 100 Fridays.

Allthough the Decentraland decreases in value with -0.44% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Saturdays is 1.61%. This means that the expected change of the value of Decentraland is between -2.05% and 1.17% 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 -0.13% 2.09% -2.22% to 1.96%
Monday -1.04% 6.62% -7.66% to 5.57%
Tuesday 0.13% 2.74% -2.61% to 2.87%
Wednesday 2.79% 6.86% -4.07% to 9.64%
Thursday -0.56% 3.01% -3.57% to 2.45%
Friday -0.57% 3.57% -4.15% to 3.00%
Saturday -0.44% 1.61% -2.05% to 1.17%
 

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