Decred (DCR)

Current price: $ 20.37

24 hours price change: $ -0.57 (-2.74%)

Daily analysis of Decred (DCR) - 6 months

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 6 months, starting on March 24th, 2019 to September 23rd, 2019.

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 03/24/2019 and 09/23/2019.

According to the performance of Decred between March 24th, 2019 and September 23rd, 2019, Decred performed the best on Saturdays. On average, the price of Decred increased 1.67% on Saturday.

The weekday on which the Decred performed the worst, is Thursday. On Thursdays, the Decred declined in value on average by -1.20%.

Decred weekday performance

On an average Sunday, the Decred increased 0.49%. However, since the expected deviation is 2.67%, the Decred will decline in value on a Sunday quiet regularly. The expected price change of the Decred on a Sunday is between -2.18% and 3.15%.

Decred increased in value on an average Monday only slightly. The average increase in value of the Decred was 0.07%. 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 (0.27%). This means that on 68 percent of the Mondays, the change in price of the Decred is expected to be in the range of -0.20% and 0.34%.

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 -0.13%. However, the standard deviation on this weekday is 3.40%. This means that on most Tuesdays, the change in value of the Decred is between -3.53% and 3.27%.

On an average Wednesday, the Decred increased 0.51%. However, since the expected deviation is 1.68%, the Decred will decline in value on a Wednesday quiet regularly. The expected price change of the Decred on a Wednesday is between -1.17% and 2.19%.

The Decred declines in value on an average Thursday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 3.29%. This means that it is not possible to say whether on a regular Thursday the Decred will increase or decrease in value.

Allthough the Decred decreases in value with -0.44% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Fridays is 1.74%. This means that the expected change of the value of Decred is between -2.18% and 1.31% on 68 out of 100 Fridays.

On an average Saturday the Decred shows an increase in value of 1.67%. However, the change of Decred on most of the Saturdays is between -5.25% and 8.60%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Decreds.

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 0.49% 2.67% -2.18% to 3.15%
Monday 0.07% 0.27% -0.20% to 0.34%
Tuesday -0.13% 3.40% -3.53% to 3.27%
Wednesday 0.51% 1.68% -1.17% to 2.19%
Thursday -1.20% 3.29% -4.49% to 2.09%
Friday -0.44% 1.74% -2.18% to 1.31%
Saturday 1.67% 6.93% -5.25% to 8.60%