ReddCoin (RDD)

Current price: $ 0.001195

24 hours price change: - (-)

Daily analysis of ReddCoin (RDD) - 6 months

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 6 months, starting on January 2nd, 2020 to July 1st, 2020.

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 01/02/2020 and 07/01/2020.

According to the performance of ReddCoin between January 2nd, 2020 and July 1st, 2020, ReddCoin performed the best on Fridays. On average, the price of ReddCoin increased 0.89% on Friday.

The weekday on which the ReddCoin performed the worst, is Thursday. On Thursdays, the ReddCoin declined in value on average by -2.69%.

ReddCoin weekday performance

ReddCoin increased in value on an average Sunday only slightly. The average increase in value of the ReddCoin was 0.01%. 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 (4.14%). This means that on 68 percent of the Sundays, the change in price of the ReddCoin is expected to be in the range of -4.13% and 4.14%.

The ReddCoin declines in value on an average Monday with -1.40%. However, the uncertainty (or standard deviation) is quite large, namely 7.94%. This means that it is not possible to say whether on a regular Monday the ReddCoin will increase or decrease in value.

The ReddCoin declines in value on an average Tuesday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 4.87%. This means that it is not possible to say whether on a regular Tuesday the ReddCoin will increase or decrease in value.

It is hard to tell whether the ReddCoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ReddCoin is -0.11%. However, the standard deviation on this weekday is 5.76%. This means that on most Wednesdays, the change in value of the ReddCoin is between -5.87% and 5.65%.

The ReddCoin declines in value on an average Thursday with -2.69%. However, the uncertainty (or standard deviation) is quite large, namely 6.10%. This means that it is not possible to say whether on a regular Thursday the ReddCoin will increase or decrease in value.

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 0.89%. However, the uncertainty of this increase is high. The expected change in value of the ReddCoin on a Friday is between -4.62% and 6.40% (see also the table below).

On an average Saturday, the ReddCoin increased 0.38%. However, since the expected deviation is 5.72%, the ReddCoin will decline in value on a Saturday quiet regularly. The expected price change of the ReddCoin on a Saturday is between -5.35% and 6.10%.

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 0.01% 4.14% -4.13% to 4.14%
Monday -1.40% 7.94% -9.34% to 6.55%
Tuesday -1.06% 4.87% -5.93% to 3.81%
Wednesday -0.11% 5.76% -5.87% to 5.65%
Thursday -2.69% 6.10% -8.79% to 3.41%
Friday 0.89% 5.51% -4.62% to 6.40%
Saturday 0.38% 5.72% -5.35% to 6.10%
 

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