Decred (DCR)

Current price: $ 205.40

24 hours price change: $ 2.12 (1.04%)

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 9th, 2020 to May 9th, 2021.

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 05/09/2020 and 05/09/2021.

According to the performance of Decred between May 9th, 2020 and May 9th, 2021, Decred performed the best on Wednesdays. On average, the price of Decred increased 0.82% on Wednesday.

The weekday on which the Decred performed the worst, is Friday. On Fridays, the Decred declined in value on average by -0.37%.

Decred weekday performance

Decred increased in value on an average Sunday only slightly. The average increase in value of the Decred was 0.24%. 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 (2.63%). This means that on 68 percent of the Sundays, the change in price of the Decred is expected to be in the range of -2.40% and 2.87%.

Decred increased in value on an average Monday only slightly. The average increase in value of the Decred was 0.17%. 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 (1.95%). This means that on 68 percent of the Mondays, the change in price of the Decred is expected to be in the range of -1.78% and 2.13%.

On an average Tuesday, the Decred increased 0.33%. However, since the expected deviation is 2.12%, the Decred will decline in value on a Tuesday quiet regularly. The expected price change of the Decred on a Tuesday is between -1.79% and 2.46%.

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 0.82%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Wednesday is between -5.46% and 7.09% (see also the table below).

Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.08%. 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 (2.61%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -2.53% and 2.70%.

Allthough the Decred decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Fridays is 2.28%. This means that the expected change of the value of Decred is between -2.65% and 1.92% on 68 out of 100 Fridays.

On an average Saturday, the Decred increased 0.42%. However, since the expected deviation is 2.01%, the Decred will decline in value on a Saturday quiet regularly. The expected price change of the Decred on a Saturday is between -1.59% and 2.42%.

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 0.24% 2.63% -2.40% to 2.87%
Monday 0.17% 1.95% -1.78% to 2.13%
Tuesday 0.33% 2.12% -1.79% to 2.46%
Wednesday 0.82% 6.27% -5.46% to 7.09%
Thursday 0.08% 2.61% -2.53% to 2.70%
Friday -0.37% 2.28% -2.65% to 1.92%
Saturday 0.42% 2.01% -1.59% to 2.42%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.