ReddCoin (RDD)

Current price: $ 0.001505

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

Daily analysis of ReddCoin (RDD) - 6 months

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 6 months, starting on November 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 11/29/2019 and 05/28/2020.

According to the performance of ReddCoin between November 29th, 2019 and May 28th, 2020, ReddCoin performed the best on Saturdays. On average, the price of ReddCoin increased 0.82% on Saturday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin declined in value on average by -2.66%.

ReddCoin weekday performance

Allthough the ReddCoin decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Sundays is 5.46%. This means that the expected change of the value of ReddCoin is between -5.87% and 5.06% on 68 out of 100 Sundays.

The ReddCoin declines in value on an average Monday with -1.38%. However, the uncertainty (or standard deviation) is quite large, namely 7.95%. 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 -2.00%. However, the uncertainty (or standard deviation) is quite large, namely 5.59%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

Historical performance on Wednesday 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 Wednesday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Wednesday is between -5.89% and 7.51% (see also the table below).

The ReddCoin declines in value on an average Thursday with -2.66%. However, the uncertainty (or standard deviation) is quite large, namely 6.79%. This means that it is not possible to say whether on a regular Thursday the ReddCoin will increase or decrease in value.

Historical performance on Friday 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 Friday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Friday is between -5.92% and 7.43% (see also the table below).

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 0.82%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -5.82% and 7.46% (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 -0.40% 5.46% -5.87% to 5.06%
Monday -1.38% 7.95% -9.33% to 6.57%
Tuesday -2.00% 5.59% -7.59% to 3.59%
Wednesday 0.81% 6.70% -5.89% to 7.51%
Thursday -2.66% 6.79% -9.46% to 4.13%
Friday 0.76% 6.67% -5.92% to 7.43%
Saturday 0.82% 6.64% -5.82% to 7.46%
 

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