Decentraland (MANA)

Current price: $ 0.04

24 hours price change: $ -0.000191 (-0.47%)

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 December 5th, 2019 to June 5th, 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 12/05/2019 and 06/05/2020.

According to the performance of Decentraland between December 5th, 2019 and June 5th, 2020, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 0.41% on Saturday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.44%.

Decentraland weekday performance

Allthough the Decentraland decreases in value with -0.44% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 1.18%. This means that the expected change of the value of Decentraland is between -1.61% and 0.74% on 68 out of 100 Sundays.

On an average Monday, the Decentraland increased 0.39%. However, since the expected deviation is 2.88%, the Decentraland will decline in value on a Monday quiet regularly. The expected price change of the Decentraland on a Monday is between -2.49% and 3.27%.

Decentraland increased in value on an average Tuesday only slightly. The average increase in value of the Decentraland was 0.21%. 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 (0.90%). This means that on 68 percent of the Tuesdays, the change in price of the Decentraland is expected to be in the range of -0.68% and 1.11%.

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 -0.02%. However, the standard deviation on this weekday is 1.68%. This means that on most Wednesdays, the change in value of the Decentraland is between -1.70% and 1.65%.

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 -0.16%. However, the standard deviation on this weekday is 1.58%. This means that on most Thursdays, the change in value of the Decentraland is between -1.74% and 1.42%.

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 -0.02%. However, the standard deviation on this weekday is 1.29%. This means that on most Fridays, the change in value of the Decentraland is between -1.31% and 1.27%.

On an average Saturday, the Decentraland increased 0.41%. However, since the expected deviation is 1.20%, the Decentraland will decline in value on a Saturday quiet regularly. The expected price change of the Decentraland on a Saturday is between -0.78% and 1.61%.

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 -0.44% 1.18% -1.61% to 0.74%
Monday 0.39% 2.88% -2.49% to 3.27%
Tuesday 0.21% 0.90% -0.68% to 1.11%
Wednesday -0.02% 1.68% -1.70% to 1.65%
Thursday -0.16% 1.58% -1.74% to 1.42%
Friday -0.02% 1.29% -1.31% to 1.27%
Saturday 0.41% 1.20% -0.78% to 1.61%
 

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