Decentraland (MANA)

Current price: $ 2.87

24 hours price change: $ -0.03 (-1.17%)

Daily analysis of Decentraland (MANA) - 1 year

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 year, starting on January 18th, 2021 to January 18th, 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 01/18/2021 and 01/18/2022.

According to the performance of Decentraland between January 18th, 2021 and January 18th, 2022, Decentraland performed the best on Saturdays. On average, the price of Decentraland increased 3.79% on Saturday.

The weekday on which the Decentraland performed the worst, is Sunday. On Sundays, the Decentraland declined in value on average by -0.57%.

Decentraland weekday performance

Allthough the Decentraland decreases in value with -0.57% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Sundays is 5.03%. This means that the expected change of the value of Decentraland is between -5.61% and 4.46% on 68 out of 100 Sundays.

Allthough the Decentraland decreases in value with -0.50% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Decentraland on Mondays is 5.24%. This means that the expected change of the value of Decentraland is between -5.74% and 4.74% on 68 out of 100 Mondays.

On an average Tuesday, the Decentraland increased 0.42%. However, since the expected deviation is 3.26%, the Decentraland will decline in value on a Tuesday quiet regularly. The expected price change of the Decentraland on a Tuesday is between -2.84% and 3.68%.

On an average Wednesday the Decentraland shows an increase in value of 1.35%. However, the change of Decentraland on most of the Wednesdays is between -4.44% and 7.14%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decentralands.

Decentraland increased in value on an average Thursday only slightly. The average increase in value of the Decentraland was 0.07%. 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 (5.25%). This means that on 68 percent of the Thursdays, the change in price of the Decentraland is expected to be in the range of -5.18% and 5.33%.

On an average Friday the Decentraland shows an increase in value of 1.90%. However, the change of Decentraland on most of the Fridays is between -7.16% and 10.96%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decentralands.

The increase in value of the Decentraland is 3.79% on an average Saturday. However, the uncertainty on the average change is high for the Decentraland on Saturdays. This is the reason why an expected increase of the Decentraland on an average Saturday cannot be predicted. The standard deviation for Decentraland on Saturdays is high, namely 22.18%. This means that the expected range of value change for the Decentraland is -18.39% and 25.98% on 68% of the Saturdays.

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 -0.57% 5.03% -5.61% to 4.46%
Monday -0.50% 5.24% -5.74% to 4.74%
Tuesday 0.42% 3.26% -2.84% to 3.68%
Wednesday 1.35% 5.79% -4.44% to 7.14%
Thursday 0.07% 5.25% -5.18% to 5.33%
Friday 1.90% 9.06% -7.16% to 10.96%
Saturday 3.79% 22.18% -18.39% to 25.98%
 

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