Band Protocol (BAND)

Current price: $ 1.70

24 hours price change: $ -0.07 (-4.13%)

Daily analysis of Band Protocol (BAND) - 1 month

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 1 month, starting on May 6th, 2020 to June 5th, 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 05/06/2020 and 06/05/2020.

According to the performance of Band Protocol between May 6th, 2020 and June 5th, 2020, Band Protocol performed the best on Sundays. On average, the price of Band Protocol increased 0.35% on Sunday.

The weekday on which the Band Protocol performed the worst, is Wednesday. On Wednesdays, the Band Protocol declined in value on average by -0.14%.

Band Protocol weekday performance

The average increase of the Band Protocol on an average Sunday is 0.35%. This is a small increase, however, the expected change of the Band Protocol in 95% of the Sundays is -0.21% and 0.91%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the Band Protocol is below -0.21%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.91%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the Band Protocol will be in the range of 0.07% and 0.63%.

Band Protocol increased in value on an average Monday only slightly. The average increase in value of the Band Protocol was 0.25%. 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 (0.46%). This means that on 68 percent of the Mondays, the change in price of the Band Protocol is expected to be in the range of -0.21% and 0.71%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Band Protocol is -0.09%. However, the standard deviation on this weekday is 0.29%. This means that on most Tuesdays, the change in value of the Band Protocol is between -0.38% and 0.20%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Band Protocol is -0.14%. However, the standard deviation on this weekday is 0.26%. This means that on most Wednesdays, the change in value of the Band Protocol is between -0.40% and 0.12%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Thursday. The average change on a Thursday for the Band Protocol is -0.04%. However, the standard deviation on this weekday is 0.20%. This means that on most Thursdays, the change in value of the Band Protocol is between -0.23% and 0.16%.

Band Protocol increased in value on an average Friday only slightly. The average increase in value of the Band Protocol was 0.11%. 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 (0.33%). This means that on 68 percent of the Fridays, the change in price of the Band Protocol is expected to be in the range of -0.22% and 0.44%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Saturday. The average change on a Saturday for the Band Protocol is -0.08%. However, the standard deviation on this weekday is 0.28%. This means that on most Saturdays, the change in value of the Band Protocol is between -0.35% and 0.20%.

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 0.35% 0.28% 0.07% to 0.63%
Monday 0.25% 0.46% -0.21% to 0.71%
Tuesday -0.09% 0.29% -0.38% to 0.20%
Wednesday -0.14% 0.26% -0.40% to 0.12%
Thursday -0.04% 0.20% -0.23% to 0.16%
Friday 0.11% 0.33% -0.22% to 0.44%
Saturday -0.08% 0.28% -0.35% to 0.20%
 

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