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 April 28th, 2023 to May 28th, 2023.
In the barchart below, the weekdays and average performance of Decred are shown side by side.
According to the performance of Decred between April 28th, 2023 and May 28th, 2023, Decred performed the best on Sundays. On average, the price of Decred increased 0.04% on Sunday.
The weekday on which the Decred performed the worst, is Friday. On Fridays, the Decred declined in value on average by -0.08%.
Decred weekday performance
The Decred will almost not change or only slightly increase in value on an average Sunday. The average change of the Decred on Sundays is 0.04%. The standard deviation of the Decred is 0.03%, which means that in 68% of the Sundays, the range of the change of the Decred is 0.01% and 0.06%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
It is hard to tell whether the Decred will increase or decrease in value on an average Monday. The average change on a Monday for the Decred is -0.01%. However, the standard deviation on this weekday is 0.05%. This means that on most Mondays, the change in value of the Decred is between -0.06% and 0.03%.
Decred increased in value on an average Tuesday only slightly. The average increase in value of the Decred was 0.00%. 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 (0.04%). This means that on 68 percent of the Tuesdays, the change in price of the Decred is expected to be in the range of -0.04% and 0.04%.
Decred increased in value on an average Wednesday only slightly. The average increase in value of the Decred was 0.01%. 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 (0.02%). This means that on 68 percent of the Wednesdays, the change in price of the Decred is expected to be in the range of -0.01% and 0.04%.
Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.01%. 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 (0.02%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -0.01% and 0.04%.
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 -0.08%. However, the standard deviation on this weekday is 0.17%. This means that on most Fridays, the change in value of the Decred is between -0.26% and 0.09%.
It is hard to tell whether the Decred will increase or decrease in value on an average Saturday. The average change on a Saturday for the Decred is -0.01%. However, the standard deviation on this weekday is 0.02%. This means that on most Saturdays, the change in value of the Decred is between -0.03% and 0.01%.
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 | 0.04% | 0.03% | 0.01% to 0.06% |
| Monday | -0.01% | 0.05% | -0.06% to 0.03% |
| Tuesday | 0.00% | 0.04% | -0.04% to 0.04% |
| Wednesday | 0.01% | 0.02% | -0.01% to 0.04% |
| Thursday | 0.01% | 0.02% | -0.01% to 0.04% |
| Friday | -0.08% | 0.17% | -0.26% to 0.09% |
| Saturday | -0.01% | 0.02% | -0.03% to 0.01% |