Band Protocol (BAND)

Current price: $ 3.62

24 hours price change: $ 0.18 (5.23%)

Daily analysis of Band Protocol (BAND) - 6 months

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 6 months, starting on July 26th, 2021 to January 26th, 2022.

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 07/26/2021 and 01/26/2022.

According to the performance of Band Protocol between July 26th, 2021 and January 26th, 2022, Band Protocol performed the best on Saturdays. On average, the price of Band Protocol increased 0.84% on Saturday.

The weekday on which the Band Protocol performed the worst, is Monday. On Mondays, the Band Protocol declined in value on average by -0.60%.

Band Protocol weekday performance

On an average Sunday, the Band Protocol increased 0.50%. However, since the expected deviation is 3.01%, the Band Protocol will decline in value on a Sunday quiet regularly. The expected price change of the Band Protocol on a Sunday is between -2.51% and 3.51%.

On Mondays, the Band Protocol decreases in value on average with -0.60%. On most of the Mondays the Band Protocol decreases in value between -1.91% and 0.70%. The uncertainty (1.30%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Band Protocol on Mondays is large.

Band Protocol increased in value on an average Tuesday only slightly. The average increase in value of the Band Protocol was 0.10%. 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 (3.39%). This means that on 68 percent of the Tuesdays, the change in price of the Band Protocol is expected to be in the range of -3.29% and 3.50%.

On an average Wednesday, the Band Protocol increased 0.30%. However, since the expected deviation is 1.57%, the Band Protocol will decline in value on a Wednesday quiet regularly. The expected price change of the Band Protocol on a Wednesday is between -1.27% and 1.87%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Thursday. The average change on a Thursday for the Band Protocol is -0.28%. However, the standard deviation on this weekday is 2.09%. This means that on most Thursdays, the change in value of the Band Protocol is between -2.36% and 1.81%.

On an average Friday, the Band Protocol increased 0.38%. However, since the expected deviation is 2.36%, the Band Protocol will decline in value on a Friday quiet regularly. The expected price change of the Band Protocol on a Friday is between -1.98% and 2.74%.

Historical performance on Saturday do not show an increase in value of the Band Protocol on which a prediction can be made. The Band Protocol increased in value on average on an average Saturday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Saturday is between -1.66% and 3.34% (see also the table below).

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 0.50% 3.01% -2.51% to 3.51%
Monday -0.60% 1.30% -1.91% to 0.70%
Tuesday 0.10% 3.39% -3.29% to 3.50%
Wednesday 0.30% 1.57% -1.27% to 1.87%
Thursday -0.28% 2.09% -2.36% to 1.81%
Friday 0.38% 2.36% -1.98% to 2.74%
Saturday 0.84% 2.50% -1.66% to 3.34%
 

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