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 December 19th, 2021 to January 19th, 2022.
In the barchart below, the weekdays and average performance of Ren are shown side by side.
According to the performance of Ren between December 19th, 2021 and January 19th, 2022, Ren performed the best on Saturdays. On average, the price of Ren increased 1.32% on Saturday.
The weekday on which the Ren performed the worst, is Friday. On Fridays, the Ren declined in value on average by -1.19%.
Ren weekday performance
It is hard to tell whether the Ren will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ren is -0.10%. However, the standard deviation on this weekday is 0.82%. This means that on most Sundays, the change in value of the Ren is between -0.92% and 0.72%.
Allthough the Ren decreases in value with -0.40% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Mondays is 0.34%. This means that the expected change of the value of Ren is between -0.75% and -0.06% on 68 out of 100 Mondays.
It is hard to tell whether the Ren will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ren is -0.03%. However, the standard deviation on this weekday is 1.24%. This means that on most Tuesdays, the change in value of the Ren is between -1.28% and 1.21%.
On an average Wednesday the Ren shows an increase in value of 1.20%. However, the change of Ren on most of the Wednesdays is between -0.12% and 2.53%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Rens.
On an average Thursday, the Ren increased 0.37%. However, since the expected deviation is 0.88%, the Ren will decline in value on a Thursday quiet regularly. The expected price change of the Ren on a Thursday is between -0.50% and 1.25%.
The Ren declines in value on an average Friday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 2.40%. This means that it is not possible to say whether on a regular Friday the Ren will increase or decrease in value.
On an average Saturday the Ren shows a high increase in value, namely 1.32%. The standard deviation is below the average increase percentage (standard deviation is 0.39%), meaning that on 68% of the Saturdays the Ren will increase with a percentage between 0.93% and 1.71%. This also means that, on average, on 16 percent of the Saturdays, the Ren will increase with a percentage above this range. On the other 16% of the Saturdays, the Ren will change with a percentage below the 0.93%.
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||-0.10%||0.82%||-0.92% to 0.72%|
|Monday||-0.40%||0.34%||-0.75% to -0.06%|
|Tuesday||-0.03%||1.24%||-1.28% to 1.21%|
|Wednesday||1.20%||1.33%||-0.12% to 2.53%|
|Thursday||0.37%||0.88%||-0.50% to 1.25%|
|Friday||-1.19%||2.40%||-3.59% to 1.21%|
|Saturday||1.32%||0.39%||0.93% to 1.71%|