Decred (DCR)

Current price: $ 147.79

24 hours price change: $ 5.70 (4.01%)

Daily analysis of Decred (DCR) - 6 months

The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on August 25th, 2020 to February 25th, 2021.

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

Average daily change in price of Decred per weekday between 08/25/2020 and 02/25/2021.

According to the performance of Decred between August 25th, 2020 and February 25th, 2021, Decred performed the best on Wednesdays. On average, the price of Decred increased 1.54% on Wednesday.

The weekday on which the Decred performed the worst, is Monday. On Mondays, the Decred declined in value on average by -0.34%.

Decred weekday performance

On an average Sunday, the Decred increased 0.36%. However, since the expected deviation is 3.74%, the Decred will decline in value on a Sunday quiet regularly. The expected price change of the Decred on a Sunday is between -3.37% and 4.10%.

Allthough the Decred decreases in value with -0.34% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Mondays is 1.64%. This means that the expected change of the value of Decred is between -1.98% and 1.31% on 68 out of 100 Mondays.

On an average Tuesday, the Decred increased 0.41%. However, since the expected deviation is 2.54%, the Decred will decline in value on a Tuesday quiet regularly. The expected price change of the Decred on a Tuesday is between -2.12% and 2.95%.

On an average Wednesday the Decred shows an increase in value of 1.54%. However, the change of Decred on most of the Wednesdays is between -7.07% and 10.16%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decreds.

Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.12%. Allthough the Decred closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.62%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -3.50% and 3.74%.

Allthough the Decred decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Fridays is 1.83%. This means that the expected change of the value of Decred is between -2.14% and 1.52% on 68 out of 100 Fridays.

On an average Saturday, the Decred increased 0.35%. However, since the expected deviation is 2.29%, the Decred will decline in value on a Saturday quiet regularly. The expected price change of the Decred on a Saturday is between -1.94% and 2.64%.

Decred weekday performance details

Find below the details of the performance of Decred 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 0.36% 3.74% -3.37% to 4.10%
Monday -0.34% 1.64% -1.98% to 1.31%
Tuesday 0.41% 2.54% -2.12% to 2.95%
Wednesday 1.54% 8.61% -7.07% to 10.16%
Thursday 0.12% 3.62% -3.50% to 3.74%
Friday -0.31% 1.83% -2.14% to 1.52%
Saturday 0.35% 2.29% -1.94% to 2.64%
 

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