Decentraland (MANA)

Current price: $ 0.69

24 hours price change: $ -0.02 (-3.45%)

Daily analysis of Decentraland (MANA) - 1 month

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 1 month, starting on August 28th, 2022 to September 28th, 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 08/28/2022 and 09/28/2022.

According to the performance of Decentraland between August 28th, 2022 and September 28th, 2022, Decentraland performed the best on Fridays. On average, the price of Decentraland increased 0.07% on Friday.

The weekday on which the Decentraland performed the worst, is Thursday. On Thursdays, the Decentraland declined in value on average by -0.07%.

Decentraland weekday performance

Decentraland increased in value on an average Sunday only slightly. The average increase in value of the Decentraland was 0.05%. 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 (0.06%). This means that on 68 percent of the Sundays, the change in price of the Decentraland is expected to be in the range of -0.02% and 0.11%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Monday. The average change on a Monday for the Decentraland is -0.03%. However, the standard deviation on this weekday is 0.07%. This means that on most Mondays, the change in value of the Decentraland is between -0.10% and 0.03%.

Decentraland increased in value on an average Tuesday only slightly. The average increase in value of the Decentraland was 0.01%. 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 (0.08%). This means that on 68 percent of the Tuesdays, the change in price of the Decentraland is expected to be in the range of -0.07% and 0.09%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Decentraland is -0.01%. However, the standard deviation on this weekday is 0.05%. This means that on most Wednesdays, the change in value of the Decentraland is between -0.06% and 0.05%.

It is hard to tell whether the Decentraland will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decentraland is -0.07%. However, the standard deviation on this weekday is 0.07%. This means that on most Thursdays, the change in value of the Decentraland is between -0.14% and 0.00%.

The Decentraland will almost not change or only slightly increase in value on an average Friday. The average change of the Decentraland on Fridays is 0.07%. The standard deviation of the Decentraland is 0.05%, which means that in 68% of the Fridays, the range of the change of the Decentraland is 0.02% and 0.13%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Decentraland increased in value on an average Saturday only slightly. The average increase in value of the Decentraland was 0.03%. 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 (0.03%). This means that on 68 percent of the Saturdays, the change in price of the Decentraland is expected to be in the range of 0.00% and 0.06%.

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 0.05% 0.06% -0.02% to 0.11%
Monday -0.03% 0.07% -0.10% to 0.03%
Tuesday 0.01% 0.08% -0.07% to 0.09%
Wednesday -0.01% 0.05% -0.06% to 0.05%
Thursday -0.07% 0.07% -0.14% to 0.00%
Friday 0.07% 0.05% 0.02% to 0.13%
Saturday 0.03% 0.03% 0.00% to 0.06%
 

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