ReddCoin (RDD)

Current price: $ 0.000917

24 hours price change: - (-)

Daily analysis of ReddCoin (RDD) - all

The performance of ReddCoin regarding the price differs every day. To make the best decision to buy ReddCoin, we are analysis in this article the performance of ReddCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on July 20th, 2014 to October 23rd, 2020.

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

Average daily change in price of ReddCoin per weekday between 07/20/2014 and 10/23/2020.

According to the performance of ReddCoin between July 20th, 2014 and October 23rd, 2020, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 2.03% on Saturday.

The weekday on which the ReddCoin performed the worst, is Sunday. On Sundays, the ReddCoin declined in value on average by -0.50%.

ReddCoin weekday performance

Allthough the ReddCoin decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Sundays is 12.38%. This means that the expected change of the value of ReddCoin is between -12.88% and 11.88% on 68 out of 100 Sundays.

On an average Monday, the ReddCoin increased 0.57%. However, since the expected deviation is 14.50%, the ReddCoin will decline in value on a Monday quiet regularly. The expected price change of the ReddCoin on a Monday is between -13.93% and 15.07%.

On an average Tuesday the ReddCoin shows an increase in value of 1.84%. However, the change of ReddCoin on most of the Tuesdays is between -16.80% and 20.48%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ReddCoins.

On an average Wednesday the ReddCoin shows an increase in value of 1.92%. However, the change of ReddCoin on most of the Wednesdays is between -13.75% and 17.59%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying ReddCoins.

ReddCoin increased in value on an average Thursday only slightly. The average increase in value of the ReddCoin was 0.08%. Allthough the ReddCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (13.32%). This means that on 68 percent of the Thursdays, the change in price of the ReddCoin is expected to be in the range of -13.23% and 13.40%.

On an average Friday the ReddCoin shows an increase in value of 1.42%. However, the change of ReddCoin on most of the Fridays is between -13.56% and 16.41%. Therefore it is hard to tell whether an average Friday is a good day to start buying ReddCoins.

On an average Saturday the ReddCoin shows an increase in value of 2.03%. However, the change of ReddCoin on most of the Saturdays is between -18.70% and 22.76%. Therefore it is hard to tell whether an average Saturday is a good day to start buying ReddCoins.

ReddCoin weekday performance details

Find below the details of the performance of ReddCoin 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 -0.50% 12.38% -12.88% to 11.88%
Monday 0.57% 14.50% -13.93% to 15.07%
Tuesday 1.84% 18.64% -16.80% to 20.48%
Wednesday 1.92% 15.67% -13.75% to 17.59%
Thursday 0.08% 13.32% -13.23% to 13.40%
Friday 1.42% 14.99% -13.56% to 16.41%
Saturday 2.03% 20.73% -18.70% to 22.76%
 

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