Ren (REN)

Current price: $ 0.93

24 hours price change: $ 0.05 (5.34%)

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 April 11th, 2021 to May 11th, 2021.

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 04/11/2021 and 05/11/2021.

According to the performance of Ren between April 11th, 2021 and May 11th, 2021, Ren performed the best on Fridays. On average, the price of Ren increased 4.04% on Friday.

The weekday on which the Ren performed the worst, is Wednesday. On Wednesdays, the Ren declined in value on average by -1.23%.

Ren weekday performance

The Ren will almost not change or only slightly increase in value on an average Sunday. The average change of the Ren on Sundays is 0.17%. The standard deviation of the Ren is 0.14%, which means that in 68% of the Sundays, the range of the change of the Ren is 0.03% and 0.32%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The increase in value of the Ren is 3.17% on an average Monday. However, the uncertainty on the average change is high for the Ren on Mondays. This is the reason why an expected increase of the Ren on an average Monday cannot be predicted. The standard deviation for Ren on Mondays is high, namely 5.80%. This means that the expected range of value change for the Ren is -2.63% and 8.97% on 68% of the Mondays.

On an average Tuesday the Ren shows an increase in value of 1.25%. However, the change of Ren on most of the Tuesdays is between -1.09% and 3.59%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Rens.

The Ren declines in value on an average Wednesday with -1.23%. However, the uncertainty (or standard deviation) is quite large, namely 2.32%. This means that it is not possible to say whether on a regular Wednesday the Ren will increase or decrease in value.

It is hard to tell whether the Ren will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ren is -0.12%. However, the standard deviation on this weekday is 0.94%. This means that on most Thursdays, the change in value of the Ren is between -1.06% and 0.82%.

The increase in value of the Ren is 4.04% on an average Friday. However, the uncertainty on the average change is high for the Ren on Fridays. This is the reason why an expected increase of the Ren on an average Friday cannot be predicted. The standard deviation for Ren on Fridays is high, namely 6.84%. This means that the expected range of value change for the Ren is -2.80% and 10.88% on 68% of the Fridays.

Ren increased in value on an average Saturday only slightly. The average increase in value of the Ren was 0.02%. 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 (0.13%). This means that on 68 percent of the Saturdays, the change in price of the Ren is expected to be in the range of -0.12% and 0.15%.

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 0.17% 0.14% 0.03% to 0.32%
Monday 3.17% 5.80% -2.63% to 8.97%
Tuesday 1.25% 2.34% -1.09% to 3.59%
Wednesday -1.23% 2.32% -3.55% to 1.10%
Thursday -0.12% 0.94% -1.06% to 0.82%
Friday 4.04% 6.84% -2.80% to 10.88%
Saturday 0.02% 0.13% -0.12% to 0.15%
 

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