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 October 27th, 2021 to November 27th, 2021.
In the barchart below, the weekdays and average performance of Band Protocol are shown side by side.
According to the performance of Band Protocol between October 27th, 2021 and November 27th, 2021, Band Protocol performed the best on Saturdays. On average, the price of Band Protocol increased 3.04% on Saturday.
The weekday on which the Band Protocol performed the worst, is Tuesday. On Tuesdays, the Band Protocol declined in value on average by -1.78%.
Band Protocol weekday performance
On an average Sunday the Band Protocol shows an increase in value of 2.60%. However, the change of Band Protocol on most of the Sundays is between -4.35% and 9.55%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Band Protocols.
On Mondays, the Band Protocol decreases in value on average with -1.00%. On most of the Mondays the Band Protocol decreases in value between -2.27% and 0.27%. The uncertainty (1.27%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Band Protocol on Mondays is large.
The Band Protocol declines in value on an average Tuesday with -1.78%. However, the uncertainty (or standard deviation) is quite large, namely 4.87%. This means that it is not possible to say whether on a regular Tuesday the Band Protocol will increase or decrease in value.
Allthough the Band Protocol decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Wednesdays is 0.73%. This means that the expected change of the value of Band Protocol is between -1.04% and 0.42% on 68 out of 100 Wednesdays.
The Band Protocol declines in value on an average Thursday with -1.72%. However, the uncertainty (or standard deviation) is quite large, namely 3.46%. This means that it is not possible to say whether on a regular Thursday the Band Protocol will increase or decrease in value.
On an average Friday the Band Protocol shows an increase in value of 1.80%. However, the change of Band Protocol on most of the Fridays is between -1.27% and 4.87%. Therefore it is hard to tell whether an average Friday is a good day to start buying Band Protocols.
The increase in value of the Band Protocol is 3.04% on an average Saturday. However, the uncertainty on the average change is high for the Band Protocol on Saturdays. This is the reason why an expected increase of the Band Protocol on an average Saturday cannot be predicted. The standard deviation for Band Protocol on Saturdays is high, namely 4.23%. This means that the expected range of value change for the Band Protocol is -1.19% and 7.26% on 68% of the Saturdays.
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||2.60%||6.95%||-4.35% to 9.55%|
|Monday||-1.00%||1.27%||-2.27% to 0.27%|
|Tuesday||-1.78%||4.87%||-6.65% to 3.09%|
|Wednesday||-0.31%||0.73%||-1.04% to 0.42%|
|Thursday||-1.72%||3.46%||-5.18% to 1.74%|
|Friday||1.80%||3.07%||-1.27% to 4.87%|
|Saturday||3.04%||4.23%||-1.19% to 7.26%|