ReddCoin (RDD)

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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 May 22nd, 2023 to May 17th, 2024.

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 05/22/2023 and 05/17/2024.

According to the performance of ReddCoin between May 22nd, 2023 and May 17th, 2024, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 9.45% on Thursday.

The weekday on which the ReddCoin performed the worst, is Monday. On Mondays, the ReddCoin declined in value on average by -0.13%.

ReddCoin weekday performance

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the ReddCoin is 0.00%. However, the standard deviation on this weekday is 0.01%. This means that on most Sundays, the change in value of the ReddCoin is between -0.02% and 0.01%.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Monday. The average change on a Monday for the ReddCoin is -0.13%. However, the standard deviation on this weekday is 0.77%. This means that on most Mondays, the change in value of the ReddCoin is between -0.90% and 0.63%.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the ReddCoin is -0.12%. However, the standard deviation on this weekday is 0.76%. This means that on most Tuesdays, the change in value of the ReddCoin is between -0.88% and 0.64%.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ReddCoin is -0.13%. However, the standard deviation on this weekday is 0.77%. This means that on most Wednesdays, the change in value of the ReddCoin is between -0.90% and 0.64%.

The increase in value of the ReddCoin is 9.45% on an average Thursday. However, the uncertainty on the average change is high for the ReddCoin on Thursdays. This is the reason why an expected increase of the ReddCoin on an average Thursday cannot be predicted. The standard deviation for ReddCoin on Thursdays is high, namely 56.75%. This means that the expected range of value change for the ReddCoin is -47.30% and 66.20% on 68% of the Thursdays.

ReddCoin increased in value on an average Friday only slightly. The average increase in value of the ReddCoin was 0.00%. 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 (0.03%). This means that on 68 percent of the Fridays, the change in price of the ReddCoin is expected to be in the range of -0.03% and 0.03%.

ReddCoin increased in value on an average Saturday only slightly. The average increase in value of the ReddCoin was 0.00%. 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 (0.04%). This means that on 68 percent of the Saturdays, the change in price of the ReddCoin is expected to be in the range of -0.04% and 0.04%.

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 0.00% 0.01% -0.02% to 0.01%
Monday -0.13% 0.77% -0.90% to 0.63%
Tuesday -0.12% 0.76% -0.88% to 0.64%
Wednesday -0.13% 0.77% -0.90% to 0.64%
Thursday 9.45% 56.75% -47.30% to 66.20%
Friday 0.00% 0.03% -0.03% to 0.03%
Saturday 0.00% 0.04% -0.04% to 0.04%
 

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