Band Protocol (BAND)

Current price: $ 0.30

24 hours price change: $ -0.02 (-6.84%)

Daily analysis of Band Protocol (BAND) - all

The performance of Band Protocol regarding the price differs every day. To make the best decision to buy Band Protocol, we are analysis in this article the performance of Band Protocol on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 18th, 2019 to February 15th, 2020.

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

Average daily change in price of Band Protocol per weekday between 09/18/2019 and 02/15/2020.

According to the performance of Band Protocol between September 18th, 2019 and February 15th, 2020, Band Protocol performed the best on Fridays. On average, the price of Band Protocol increased 0.63% on Friday.

The weekday on which the Band Protocol performed the worst, is Monday. On Mondays, the Band Protocol declined in value on average by -1.63%.

Band Protocol weekday performance

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Sunday. The average change on a Sunday for the Band Protocol is -0.24%. However, the standard deviation on this weekday is 3.40%. This means that on most Sundays, the change in value of the Band Protocol is between -3.65% and 3.16%.

The Band Protocol declines in value on an average Monday with -1.63%. However, the uncertainty (or standard deviation) is quite large, namely 4.95%. This means that it is not possible to say whether on a regular Monday the Band Protocol will increase or decrease in value.

Allthough the Band Protocol decreases in value with -0.50% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Tuesdays is 1.66%. This means that the expected change of the value of Band Protocol is between -2.16% and 1.17% on 68 out of 100 Tuesdays.

On an average Wednesday, the Band Protocol increased 0.53%. However, since the expected deviation is 2.74%, the Band Protocol will decline in value on a Wednesday quiet regularly. The expected price change of the Band Protocol on a Wednesday is between -2.21% and 3.28%.

Band Protocol increased in value on an average Thursday only slightly. The average increase in value of the Band Protocol was 0.27%. Allthough the Band Protocol closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.80%). This means that on 68 percent of the Thursdays, the change in price of the Band Protocol is expected to be in the range of -2.53% and 3.06%.

Historical performance on Friday do not show an increase in value of the Band Protocol on which a prediction can be made. The Band Protocol increased in value on average on an average Friday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Friday is between -3.62% and 4.88% (see also the table below).

On Saturdays, the Band Protocol decreases in value on average with -0.94%. On most of the Saturdays the Band Protocol decreases in value between -3.46% and 1.59%. The uncertainty (2.53%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the Band Protocol on Saturdays is large.

Band Protocol weekday performance details

Find below the details of the performance of Band Protocol 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 -0.24% 3.40% -3.65% to 3.16%
Monday -1.63% 4.95% -6.58% to 3.31%
Tuesday -0.50% 1.66% -2.16% to 1.17%
Wednesday 0.53% 2.74% -2.21% to 3.28%
Thursday 0.27% 2.80% -2.53% to 3.06%
Friday 0.63% 4.25% -3.62% to 4.88%
Saturday -0.94% 2.53% -3.46% to 1.59%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies).

You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.