Band Protocol (BAND)

Current price: $ 12.70

24 hours price change: $ 0.07 (0.55%)

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 September 5th, 2020 to March 5th, 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 09/05/2020 and 03/05/2021.

According to the performance of Band Protocol between September 5th, 2020 and March 5th, 2021, Band Protocol performed the best on Thursdays. On average, the price of Band Protocol increased 0.71% 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 -0.83%.

Band Protocol weekday performance

On Sundays, the Band Protocol decreases in value on average with -0.83%. On most of the Sundays the Band Protocol decreases in value between -3.16% and 1.50%. The uncertainty (2.33%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Band Protocol on Sundays is large.

On an average Monday, the Band Protocol increased 0.42%. However, since the expected deviation is 2.68%, 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 -2.27% and 3.10%.

Allthough the Band Protocol decreases in value with -0.47% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Tuesdays is 3.42%. This means that the expected change of the value of Band Protocol is between -3.89% and 2.95% on 68 out of 100 Tuesdays.

Allthough the Band Protocol decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Wednesdays is 3.97%. This means that the expected change of the value of Band Protocol is between -4.28% and 3.66% on 68 out of 100 Wednesdays.

Historical performance on Thursday 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 Thursday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Thursday is between -2.10% and 3.51% (see also the table below).

Historical performance on Friday 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 Friday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Friday is between -2.85% and 4.23% (see also the table below).

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Saturday. The average change on a Saturday for the Band Protocol is -0.03%. However, the standard deviation on this weekday is 2.19%. This means that on most Saturdays, the change in value of the Band Protocol is between -2.23% and 2.16%.

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 -0.83% 2.33% -3.16% to 1.50%
Monday 0.42% 2.68% -2.27% to 3.10%
Tuesday -0.47% 3.42% -3.89% to 2.95%
Wednesday -0.31% 3.97% -4.28% to 3.66%
Thursday 0.71% 2.81% -2.10% to 3.51%
Friday 0.69% 3.54% -2.85% to 4.23%
Saturday -0.03% 2.19% -2.23% to 2.16%
 

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