ReddCoin (RDD)

Current price: $ 0.001507

24 hours price change: $ -0.000094 (-5.88%)

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 29th, 2019 to May 28th, 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 05/29/2019 and 05/28/2020.

According to the performance of ReddCoin between May 29th, 2019 and May 28th, 2020, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 0.74% on Saturday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin declined in value on average by -1.42%.

ReddCoin weekday performance

On Sundays, the ReddCoin decreases in value on average with -0.67%. On most of the Sundays the ReddCoin decreases in value between -6.53% and 5.20%. The uncertainty (5.86%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the ReddCoin on Sundays is large.

The ReddCoin declines in value on an average Monday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 7.38%. This means that it is not possible to say whether on a regular Monday the ReddCoin will increase or decrease in value.

The ReddCoin declines in value on an average Tuesday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 7.18%. This means that it is not possible to say whether on a regular Tuesday 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 Wednesday. The average change on a Wednesday for the ReddCoin is -0.04%. However, the standard deviation on this weekday is 6.42%. This means that on most Wednesdays, the change in value of the ReddCoin is between -6.46% and 6.38%.

The ReddCoin declines in value on an average Thursday with -1.42%. However, the uncertainty (or standard deviation) is quite large, namely 6.28%. 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 -0.30%. However, the standard deviation on this weekday is 6.20%. This means that on most Fridays, the change in value of the ReddCoin is between -6.50% and 5.90%.

Historical performance on Saturday do not show an increase in value of the ReddCoin on which a prediction can be made. The ReddCoin increased in value on average on an average Saturday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -5.68% and 7.16% (see also the table below).

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 -0.67% 5.86% -6.53% to 5.20%
Monday -1.11% 7.38% -8.49% to 6.27%
Tuesday -1.27% 7.18% -8.46% to 5.91%
Wednesday -0.04% 6.42% -6.46% to 6.38%
Thursday -1.42% 6.28% -7.70% to 4.86%
Friday -0.30% 6.20% -6.50% to 5.90%
Saturday 0.74% 6.42% -5.68% to 7.16%
 

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