Decentraland (MANA)

Current price: $ 0.86

24 hours price change: $ -0.11 (-11.58%)

Daily analysis of Decentraland (MANA) - all

The performance of Decentraland regarding the price differs every day. To make the best decision to buy Decentraland, we are analysis in this article the performance of Decentraland on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 21st, 2017 to August 19th, 2022.

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

Average daily change in price of Decentraland per weekday between 09/21/2017 and 08/19/2022.

According to the performance of Decentraland between September 21st, 2017 and August 19th, 2022, Decentraland performed the best on Tuesdays. On average, the price of Decentraland increased 0.87% on Tuesday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.55%.

Decentraland weekday performance

Allthough the Decentraland decreases in value with -0.55% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 4.81%. This means that the expected change of the value of Decentraland is between -5.36% and 4.26% on 68 out of 100 Sundays.

On an average Monday, the Decentraland increased 0.57%. However, since the expected deviation is 9.97%, the Decentraland will decline in value on a Monday quiet regularly. The expected price change of the Decentraland on a Monday is between -9.40% and 10.54%.

Historical performance on Tuesday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland increased in value on average on an average Tuesday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Tuesday is between -11.65% and 13.38% (see also the table below).

On an average Wednesday, the Decentraland increased 0.41%. However, since the expected deviation is 6.04%, the Decentraland will decline in value on a Wednesday quiet regularly. The expected price change of the Decentraland on a Wednesday is between -5.64% and 6.45%.

Decentraland increased in value on an average Thursday only slightly. The average increase in value of the Decentraland was 0.24%. Allthough the Decentraland closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.10%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -6.87% and 7.34%.

Historical performance on Friday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland increased in value on average on an average Friday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Decentraland on a Friday is between -4.82% and 6.42% (see also the table below).

Historical performance on Saturday do not show an increase in value of the Decentraland on which a prediction can be made. The Decentraland 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 Decentraland on a Saturday is between -11.00% and 12.48% (see also the table below).

Decentraland weekday performance details

Find below the details of the performance of Decentraland 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 -0.55% 4.81% -5.36% to 4.26%
Monday 0.57% 9.97% -9.40% to 10.54%
Tuesday 0.87% 12.51% -11.65% to 13.38%
Wednesday 0.41% 6.04% -5.64% to 6.45%
Thursday 0.24% 7.10% -6.87% to 7.34%
Friday 0.80% 5.62% -4.82% to 6.42%
Saturday 0.74% 11.74% -11.00% to 12.48%
 

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