Ren (REN)

Current price: $ 0.92

24 hours price change: $ 0.06 (7.25%)

Daily analysis of Ren (REN) - 6 months

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 6 months, starting on November 11th, 2020 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 11/11/2020 and 05/11/2021.

According to the performance of Ren between November 11th, 2020 and May 11th, 2021, Ren performed the best on Mondays. On average, the price of Ren increased 1.87% on Monday.

The weekday on which the Ren performed the worst, is Wednesday. On Wednesdays, the Ren declined in value on average by -1.00%.

Ren weekday performance

On Sundays, the Ren decreases in value on average with -0.75%. On most of the Sundays the Ren decreases in value between -3.66% and 2.16%. The uncertainty (2.91%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Ren on Sundays is large.

On an average Monday the Ren shows an increase in value of 1.87%. However, the change of Ren on most of the Mondays is between -2.81% and 6.55%. Therefore it is hard to tell whether an average Monday is a good day to start buying Rens.

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 -0.16%. However, the standard deviation on this weekday is 4.84%. This means that on most Tuesdays, the change in value of the Ren is between -5.00% and 4.69%.

The Ren declines in value on an average Wednesday with -1.00%. However, the uncertainty (or standard deviation) is quite large, namely 5.62%. This means that it is not possible to say whether on a regular Wednesday the Ren will increase or decrease in value.

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 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Thursday is between -2.39% and 3.66% (see also the table below).

On an average Friday the Ren shows an increase in value of 1.00%. However, the change of Ren on most of the Fridays is between -3.68% and 5.68%. Therefore it is hard to tell whether an average Friday is a good day to start buying Rens.

On an average Saturday, the Ren increased 0.35%. However, since the expected deviation is 2.45%, the Ren will decline in value on a Saturday quiet regularly. The expected price change of the Ren on a Saturday is between -2.10% and 2.80%.

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 -0.75% 2.91% -3.66% to 2.16%
Monday 1.87% 4.68% -2.81% to 6.55%
Tuesday -0.16% 4.84% -5.00% to 4.69%
Wednesday -1.00% 5.62% -6.62% to 4.61%
Thursday 0.63% 3.02% -2.39% to 3.66%
Friday 1.00% 4.68% -3.68% to 5.68%
Saturday 0.35% 2.45% -2.10% to 2.80%
 

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