The performance of ReddCoin regarding the price differs every day. To make the best decision to buy ReddCoin, we are analysis in this article the performance of ReddCoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on March 7th, 2020 to March 7th, 2021.
In the barchart below, the weekdays and average performance of ReddCoin are shown side by side.
Average daily change in price of ReddCoin per weekday between 03/07/2020 and 03/07/2021.
According to the performance of ReddCoin between March 7th, 2020 and March 7th, 2021, ReddCoin performed the best on Thursdays. On average, the price of ReddCoin increased 2.60% on Thursday.
The weekday on which the ReddCoin performed the worst, is Tuesday. On Tuesdays, the ReddCoin declined in value on average by -0.89%.
ReddCoin weekday performance
ReddCoin increased in value on an average Sunday only slightly. The average increase in value of the ReddCoin was 0.23%. Allthough the ReddCoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (8.09%). This means that on 68 percent of the Sundays, the change in price of the ReddCoin is expected to be in the range of -7.86% and 8.33%.
It is hard to tell whether the ReddCoin will increase or decrease in value on an average Monday. The average change on a Monday for the ReddCoin is -0.05%. However, the standard deviation on this weekday is 9.11%. This means that on most Mondays, the change in value of the ReddCoin is between -9.16% and 9.05%.
On Tuesdays, the ReddCoin decreases in value on average with -0.89%. On most of the Tuesdays the ReddCoin decreases in value between -7.80% and 6.02%. The uncertainty (6.91%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the ReddCoin on Tuesdays is large.
Allthough the ReddCoin decreases in value with -0.49% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of ReddCoin on Wednesdays is 4.03%. This means that the expected change of the value of ReddCoin is between -4.52% and 3.55% on 68 out of 100 Wednesdays.
On an average Thursday the ReddCoin shows an increase in value of 2.60%. However, the change of ReddCoin on most of the Thursdays is between -17.53% and 22.72%. Therefore it is hard to tell whether an average Thursday is a good day to start buying ReddCoins.
Historical performance on Friday do not show an increase in value of the ReddCoin on which a prediction can be made. The ReddCoin increased in value on average on an average Friday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Friday is between -6.68% and 7.98% (see also the table below).
Historical performance on Saturday do not show an increase in value of the ReddCoin on which a prediction can be made. The ReddCoin increased in value on average on an average Saturday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Saturday is between -4.15% and 5.44% (see also the table below).
ReddCoin weekday performance details
Find below the details of the performance of ReddCoin 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 | 0.23% | 8.09% | -7.86% to 8.33% |
| Monday | -0.05% | 9.11% | -9.16% to 9.05% |
| Tuesday | -0.89% | 6.91% | -7.80% to 6.02% |
| Wednesday | -0.49% | 4.03% | -4.52% to 3.55% |
| Thursday | 2.60% | 20.13% | -17.53% to 22.72% |
| Friday | 0.65% | 7.33% | -6.68% to 7.98% |
| Saturday | 0.65% | 4.79% | -4.15% to 5.44% |