The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 1st, 2023 to December 1st, 2023.
In the barchart below, the weekdays and average performance of Decred are shown side by side.
According to the performance of Decred between November 1st, 2023 and December 1st, 2023, Decred performed the best on Saturdays. On average, the price of Decred increased 0.97% on Saturday.
The weekday on which the Decred performed the worst, is Tuesday. On Tuesdays, the Decred declined in value on average by -0.46%.
Decred weekday performance
Allthough the Decred decreases in value with -0.31% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Sundays is 0.58%. This means that the expected change of the value of Decred is between -0.90% and 0.27% on 68 out of 100 Sundays.
On an average Monday, the Decred increased 0.31%. However, since the expected deviation is 0.45%, the Decred will decline in value on a Monday quiet regularly. The expected price change of the Decred on a Monday is between -0.14% and 0.76%.
Allthough the Decred decreases in value with -0.46% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Tuesdays is 0.88%. This means that the expected change of the value of Decred is between -1.35% and 0.42% on 68 out of 100 Tuesdays.
Historical performance on Wednesday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Wednesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Wednesday is between -0.05% and 1.85% (see also the table below).
Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.27%. Allthough the Decred closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.12%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -0.86% and 1.39%.
It is hard to tell whether the Decred will increase or decrease in value on an average Friday. The average change on a Friday for the Decred is -0.01%. However, the standard deviation on this weekday is 0.80%. This means that on most Fridays, the change in value of the Decred is between -0.81% and 0.79%.
Historical performance on Saturday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Saturday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Saturday is between -0.22% and 2.16% (see also the table below).
Decred weekday performance details
Find below the details of the performance of Decred 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||-0.31%||0.58%||-0.90% to 0.27%|
|Monday||0.31%||0.45%||-0.14% to 0.76%|
|Tuesday||-0.46%||0.88%||-1.35% to 0.42%|
|Wednesday||0.90%||0.95%||-0.05% to 1.85%|
|Thursday||0.27%||1.12%||-0.86% to 1.39%|
|Friday||-0.01%||0.80%||-0.81% to 0.79%|
|Saturday||0.97%||1.19%||-0.22% to 2.16%|