Decred (DCR)

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Daily analysis of Decred (DCR) - 1 year

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 year, starting on May 24th, 2023 to May 17th, 2024.

In the barchart below, the weekdays and average performance of Decred are shown side by side.

Average daily change in price of Decred per weekday between 05/24/2023 and 05/17/2024.

According to the performance of Decred between May 24th, 2023 and May 17th, 2024, Decred performed the best on Saturdays. On average, the price of Decred increased 0.46% on Saturday.

The weekday on which the Decred performed the worst, is Sunday. On Sundays, the Decred declined in value on average by -0.19%.

Decred weekday performance

It is hard to tell whether the Decred will increase or decrease in value on an average Sunday. The average change on a Sunday for the Decred is -0.19%. However, the standard deviation on this weekday is 1.54%. This means that on most Sundays, the change in value of the Decred is between -1.72% and 1.35%.

Decred increased in value on an average Monday only slightly. The average increase in value of the Decred was 0.12%. 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 (0.94%). This means that on 68 percent of the Mondays, the change in price of the Decred is expected to be in the range of -0.82% and 1.06%.

It is hard to tell whether the Decred will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decred is -0.05%. However, the standard deviation on this weekday is 1.65%. This means that on most Tuesdays, the change in value of the Decred is between -1.70% and 1.60%.

On an average Wednesday, the Decred increased 0.40%. However, since the expected deviation is 3.54%, the Decred will decline in value on a Wednesday quiet regularly. The expected price change of the Decred on a Wednesday is between -3.14% and 3.94%.

Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.06%. 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 (1.55%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -1.49% and 1.61%.

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 -0.13%. However, the standard deviation on this weekday is 1.65%. This means that on most Fridays, the change in value of the Decred is between -1.78% and 1.52%.

On an average Saturday, the Decred increased 0.46%. However, since the expected deviation is 3.60%, the Decred will decline in value on a Saturday quiet regularly. The expected price change of the Decred on a Saturday is between -3.14% and 4.06%.

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 -0.19% 1.54% -1.72% to 1.35%
Monday 0.12% 0.94% -0.82% to 1.06%
Tuesday -0.05% 1.65% -1.70% to 1.60%
Wednesday 0.40% 3.54% -3.14% to 3.94%
Thursday 0.06% 1.55% -1.49% to 1.61%
Friday -0.13% 1.65% -1.78% to 1.52%
Saturday 0.46% 3.60% -3.14% to 4.06%
 

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