Ren (REN)

Current price: $ 0.09

24 hours price change: $ 0.001973 (2.19%)

Daily analysis of Ren (REN) - 1 month

The performance of Ren regarding the price differs every day. To make the best decision to buy Ren, we are analysis in this article the performance of Ren on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 5th, 2024 to March 5th, 2024.

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

Average daily change in price of Ren per weekday between 02/05/2024 and 03/05/2024.

According to the performance of Ren between February 5th, 2024 and March 5th, 2024, Ren performed the best on Wednesdays. On average, the price of Ren increased 2.13% on Wednesday.

The weekday on which the Ren performed the worst, is Tuesday. On Tuesdays, the Ren declined in value on average by -0.62%.

Ren weekday performance

Ren increased in value on an average Sunday only slightly. The average increase in value of the Ren was 0.08%. Allthough the Ren closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.54%). This means that on 68 percent of the Sundays, the change in price of the Ren is expected to be in the range of -0.46% and 0.62%.

On an average Monday, the Ren increased 0.33%. However, since the expected deviation is 0.93%, the Ren will decline in value on a Monday quiet regularly. The expected price change of the Ren on a Monday is between -0.60% and 1.26%.

On Tuesdays, the Ren decreases in value on average with -0.62%. On most of the Tuesdays the Ren decreases in value between -1.14% and -0.10%. The uncertainty (0.52%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Ren on Tuesdays is large.

On an average Wednesday the Ren shows an increase in value of 2.13%. However, the change of Ren on most of the Wednesdays is between -2.22% and 6.48%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Rens.

Allthough the Ren decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Thursdays is 1.53%. This means that the expected change of the value of Ren is between -1.89% and 1.17% on 68 out of 100 Thursdays.

On an average Friday the Ren shows a high increase in value, namely 1.48%. The standard deviation is below the average increase percentage (standard deviation is 1.01%), meaning that on 68% of the Fridays the Ren will increase with a percentage between 0.47% and 2.49%. This also means that, on average, on 16 percent of the Fridays, the Ren will increase with a percentage above this range. On the other 16% of the Fridays, the Ren will change with a percentage below the 0.47%.

It is hard to tell whether the Ren will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ren is -0.20%. However, the standard deviation on this weekday is 0.46%. This means that on most Saturdays, the change in value of the Ren is between -0.66% and 0.26%.

Ren weekday performance details

Find below the details of the performance of Ren 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 0.08% 0.54% -0.46% to 0.62%
Monday 0.33% 0.93% -0.60% to 1.26%
Tuesday -0.62% 0.52% -1.14% to -0.10%
Wednesday 2.13% 4.35% -2.22% to 6.48%
Thursday -0.36% 1.53% -1.89% to 1.17%
Friday 1.48% 1.01% 0.47% to 2.49%
Saturday -0.20% 0.46% -0.66% to 0.26%
 

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