Band Protocol (BAND)

Current price: $ 12.66

24 hours price change: $ 1.03 (8.86%)

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 February 1st, 2021 to March 1st, 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 02/01/2021 and 03/01/2021.

According to the performance of Band Protocol between February 1st, 2021 and March 1st, 2021, Band Protocol performed the best on Thursdays. On average, the price of Band Protocol increased 2.58% on Thursday.

The weekday on which the Band Protocol performed the worst, is Sunday. On Sundays, the Band Protocol declined in value on average by -2.93%.

Band Protocol weekday performance

The Band Protocol declines in value on an average Sunday with -2.93%. However, the uncertainty (or standard deviation) is quite large, namely 2.67%. This means that it is not possible to say whether on a regular Sunday the Band Protocol will increase or decrease in value.

On an average Monday the Band Protocol shows an increase in value of 1.39%. However, the change of Band Protocol on most of the Mondays is between -3.23% and 6.02%. Therefore it is hard to tell whether an average Monday is a good day to start buying Band Protocols.

On an average Tuesday the Band Protocol shows an increase in value of 1.58%. However, the change of Band Protocol on most of the Tuesdays is between -3.01% and 6.18%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Band Protocols.

Allthough the Band Protocol decreases in value with -0.44% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Wednesdays is 1.27%. This means that the expected change of the value of Band Protocol is between -1.70% and 0.83% on 68 out of 100 Wednesdays.

On an average Thursday the Band Protocol shows a high increase in value, namely 2.58%. The standard deviation is below the average increase percentage (standard deviation is 1.12%), meaning that on 68% of the Thursdays the Band Protocol will increase with a percentage between 1.46% and 3.70%. This also means that, on average, on 16 percent of the Thursdays, the Band Protocol will increase with a percentage above this range. On the other 16% of the Thursdays, the Band Protocol will change with a percentage below the 1.46%.

On Fridays, the Band Protocol decreases in value on average with -0.63%. On most of the Fridays the Band Protocol decreases in value between -2.20% and 0.94%. The uncertainty (1.57%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Band Protocol on Fridays is large.

On an average Saturday, the Band Protocol increased 0.46%. However, since the expected deviation is 3.81%, the Band Protocol will decline in value on a Saturday quiet regularly. The expected price change of the Band Protocol on a Saturday is between -3.35% and 4.27%.

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 -2.93% 2.67% -5.61% to -0.26%
Monday 1.39% 4.63% -3.23% to 6.02%
Tuesday 1.58% 4.59% -3.01% to 6.18%
Wednesday -0.44% 1.27% -1.70% to 0.83%
Thursday 2.58% 1.12% 1.46% to 3.70%
Friday -0.63% 1.57% -2.20% to 0.94%
Saturday 0.46% 3.81% -3.35% to 4.27%
 

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