Band Protocol (BAND)

Current price: $ 5.23

24 hours price change: $ -0.36 (-6.37%)

Daily analysis of Band Protocol (BAND) - 1 month

The performance of Band Protocol regarding the price differs every day. To make the best decision to buy Band Protocol, we are analysis in this article the performance of Band Protocol on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 25th, 2021 to July 25th, 2021.

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

Average daily change in price of Band Protocol per weekday between 06/25/2021 and 07/25/2021.

According to the performance of Band Protocol between June 25th, 2021 and July 25th, 2021, Band Protocol performed the best on Tuesdays. On average, the price of Band Protocol increased 3.87% on Tuesday.

The weekday on which the Band Protocol performed the worst, is Friday. On Fridays, the Band Protocol declined in value on average by -1.90%.

Band Protocol weekday performance

On an average Sunday the Band Protocol shows an increase in value of 1.19%. However, the change of Band Protocol on most of the Sundays is between -1.17% and 3.55%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Band Protocols.

On an average Monday, the Band Protocol increased 0.30%. However, since the expected deviation is 0.69%, the Band Protocol will decline in value on a Monday quiet regularly. The expected price change of the Band Protocol on a Monday is between -0.39% and 1.00%.

The increase in value of the Band Protocol is 3.87% on an average Tuesday. However, the uncertainty on the average change is high for the Band Protocol on Tuesdays. This is the reason why an expected increase of the Band Protocol on an average Tuesday cannot be predicted. The standard deviation for Band Protocol on Tuesdays is high, namely 6.48%. This means that the expected range of value change for the Band Protocol is -2.61% and 10.35% on 68% of the Tuesdays.

Allthough the Band Protocol decreases in value with -0.52% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Wednesdays is 0.65%. This means that the expected change of the value of Band Protocol is between -1.17% and 0.14% on 68 out of 100 Wednesdays.

Band Protocol increased in value on an average Thursday only slightly. The average increase in value of the Band Protocol was 0.03%. Allthough the Band Protocol closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.13%). This means that on 68 percent of the Thursdays, the change in price of the Band Protocol is expected to be in the range of -0.09% and 0.16%.

The Band Protocol declines in value on an average Friday with -1.90%. However, the uncertainty (or standard deviation) is quite large, namely 3.85%. This means that it is not possible to say whether on a regular Friday the Band Protocol will increase or decrease in value.

On Saturdays, the Band Protocol decreases in value on average with -0.81%. On most of the Saturdays the Band Protocol decreases in value between -2.25% and 0.63%. The uncertainty (1.44%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Band Protocol on Saturdays is large.

Band Protocol weekday performance details

Find below the details of the performance of Band Protocol 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 1.19% 2.36% -1.17% to 3.55%
Monday 0.30% 0.69% -0.39% to 1.00%
Tuesday 3.87% 6.48% -2.61% to 10.35%
Wednesday -0.52% 0.65% -1.17% to 0.14%
Thursday 0.03% 0.13% -0.09% to 0.16%
Friday -1.90% 3.85% -5.75% to 1.95%
Saturday -0.81% 1.44% -2.25% to 0.63%

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