ReddCoin (RDD)

Current price: $ 0.000838

24 hours price change: - (-)

Daily analysis of ReddCoin (RDD) - 1 year

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 1 year, starting on September 23rd, 2019 to September 22nd, 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 09/23/2019 and 09/22/2020.

According to the performance of ReddCoin between September 23rd, 2019 and September 22nd, 2020, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 0.44% on Saturday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin declined in value on average by -2.00%.

ReddCoin weekday performance

Allthough the ReddCoin decreases in value with -0.54% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Sundays is 4.62%. This means that the expected change of the value of ReddCoin is between -5.16% and 4.08% on 68 out of 100 Sundays.

On Mondays, the ReddCoin decreases in value on average with -0.80%. On most of the Mondays the ReddCoin decreases in value between -6.97% and 5.38%. The uncertainty (6.18%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the ReddCoin on Mondays is large.

The ReddCoin declines in value on an average Tuesday with -1.36%. However, the uncertainty (or standard deviation) is quite large, namely 5.23%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

ReddCoin increased in value on an average Wednesday only slightly. The average increase in value of the ReddCoin was 0.03%. 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 (5.73%). This means that on 68 percent of the Wednesdays, the change in price of the ReddCoin is expected to be in the range of -5.69% and 5.76%.

The ReddCoin declines in value on an average Thursday with -2.00%. However, the uncertainty (or standard deviation) is quite large, namely 5.37%. This means that it is not possible to say whether on a regular Thursday the ReddCoin will increase or decrease in value.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Friday. The average change on a Friday for the ReddCoin is -0.10%. However, the standard deviation on this weekday is 5.71%. This means that on most Fridays, the change in value of the ReddCoin is between -5.82% and 5.61%.

On an average Saturday, the ReddCoin increased 0.44%. However, since the expected deviation is 5.54%, the ReddCoin will decline in value on a Saturday quiet regularly. The expected price change of the ReddCoin on a Saturday is between -5.09% and 5.98%.

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 -0.54% 4.62% -5.16% to 4.08%
Monday -0.80% 6.18% -6.97% to 5.38%
Tuesday -1.36% 5.23% -6.58% to 3.87%
Wednesday 0.03% 5.73% -5.69% to 5.76%
Thursday -2.00% 5.37% -7.37% to 3.37%
Friday -0.10% 5.71% -5.82% to 5.61%
Saturday 0.44% 5.54% -5.09% to 5.98%
 

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