Ren (REN)

Current price: $ 0.05

24 hours price change: $ -0.002703 (-5.55%)

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 June 25th, 2024 to July 25th, 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 06/25/2024 and 07/25/2024.

According to the performance of Ren between June 25th, 2024 and July 25th, 2024, Ren performed the best on Sundays. On average, the price of Ren increased 1.20% on Sunday.

The weekday on which the Ren performed the worst, is Friday. On Fridays, the Ren declined in value on average by -1.88%.

Ren weekday performance

On an average Sunday the Ren shows an increase in value of 1.20%. However, the change of Ren on most of the Sundays is between -0.82% and 3.21%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Rens.

Ren increased in value on an average Monday 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 (0.03%). This means that on 68 percent of the Mondays, the change in price of the Ren is expected to be in the range of -0.01% and 0.04%.

Ren increased in value on an average Tuesday only slightly. The average increase in value of the Ren was 0.01%. 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 (0.06%). This means that on 68 percent of the Tuesdays, the change in price of the Ren is expected to be in the range of -0.05% and 0.07%.

Allthough the Ren decreases in value with -0.57% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Wednesdays is 1.12%. This means that the expected change of the value of Ren is between -1.69% and 0.55% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the Ren on which a prediction can be made. The Ren increased in value on average on an average Thursday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Thursday is between -0.62% and 2.00% (see also the table below).

The Ren declines in value on an average Friday with -1.88%. However, the uncertainty (or standard deviation) is quite large, namely 2.02%. This means that it is not possible to say whether on a regular Friday the Ren will increase or decrease in value.

On Saturdays, the Ren decreases in value on average with -0.92%. On most of the Saturdays the Ren decreases in value between -2.53% and 0.70%. The uncertainty (1.61%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the Ren on Saturdays is large.

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 1.20% 2.02% -0.82% to 3.21%
Monday 0.02% 0.03% -0.01% to 0.04%
Tuesday 0.01% 0.06% -0.05% to 0.07%
Wednesday -0.57% 1.12% -1.69% to 0.55%
Thursday 0.69% 1.31% -0.62% to 2.00%
Friday -1.88% 2.02% -3.90% to 0.14%
Saturday -0.92% 1.61% -2.53% to 0.70%
 

About Us

: Financial indicators for cryptocurrencies