The performance of Dragon Coins regarding the price differs every day. To make the best decision to buy Dragon Coins, we are analysis in this article the performance of Dragon Coins on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on January 27th, 2021 to January 26th, 2022.
In the barchart below, the weekdays and average performance of Dragon Coins are shown side by side.
According to the performance of Dragon Coins between January 27th, 2021 and January 26th, 2022, Dragon Coins performed the best on Mondays. On average, the price of Dragon Coins increased 1.71% on Monday.
The weekday on which the Dragon Coins performed the worst, is Thursday. On Thursdays, the Dragon Coins declined in value on average by -2.65%.
Dragon Coins weekday performance
Dragon Coins increased in value on an average Sunday only slightly. The average increase in value of the Dragon Coins was 0.11%. Allthough the Dragon Coins closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.59%). This means that on 68 percent of the Sundays, the change in price of the Dragon Coins is expected to be in the range of -8.47% and 8.70%.
On an average Monday the Dragon Coins shows an increase in value of 1.71%. However, the change of Dragon Coins on most of the Mondays is between -5.61% and 9.03%. Therefore it is hard to tell whether an average Monday is a good day to start buying Dragon Coinss.
On Tuesdays, the Dragon Coins decreases in value on average with -0.74%. On most of the Tuesdays the Dragon Coins decreases in value between -4.85% and 3.37%. The uncertainty (4.11%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Dragon Coins on Tuesdays is large.
It is hard to tell whether the Dragon Coins will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Dragon Coins is -0.21%. However, the standard deviation on this weekday is 8.02%. This means that on most Wednesdays, the change in value of the Dragon Coins is between -8.22% and 7.81%.
The Dragon Coins declines in value on an average Thursday with -2.65%. However, the uncertainty (or standard deviation) is quite large, namely 9.95%. This means that it is not possible to say whether on a regular Thursday the Dragon Coins will increase or decrease in value.
Historical performance on Friday do not show an increase in value of the Dragon Coins on which a prediction can be made. The Dragon Coins increased in value on average on an average Friday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Dragon Coins on a Friday is between -6.18% and 7.99% (see also the table below).
On Saturdays, the Dragon Coins decreases in value on average with -0.82%. On most of the Saturdays the Dragon Coins decreases in value between -6.55% and 4.91%. The uncertainty (5.73%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Dragon Coins on Saturdays is large.
Dragon Coins weekday performance details
Find below the details of the performance of Dragon Coins 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||0.11%||8.59%||-8.47% to 8.70%|
|Monday||1.71%||7.32%||-5.61% to 9.03%|
|Tuesday||-0.74%||4.11%||-4.85% to 3.37%|
|Wednesday||-0.21%||8.02%||-8.22% to 7.81%|
|Thursday||-2.65%||9.95%||-12.60% to 7.30%|
|Friday||0.91%||7.09%||-6.18% to 7.99%|
|Saturday||-0.82%||5.73%||-6.55% to 4.91%|