Band Protocol (BAND)

Current price: $ 10.26

24 hours price change: $ -0.17 (-1.63%)

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 December 17th, 2020 to January 16th, 2021.

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 12/17/2020 and 01/16/2021.

According to the performance of Band Protocol between December 17th, 2020 and January 16th, 2021, Band Protocol performed the best on Saturdays. On average, the price of Band Protocol increased 1.30% 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 -1.70%.

Band Protocol weekday performance

Allthough the Band Protocol decreases in value with -0.54% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Sundays is 2.22%. This means that the expected change of the value of Band Protocol is between -2.76% and 1.67% on 68 out of 100 Sundays.

Allthough the Band Protocol decreases in value with -0.36% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Mondays is 1.53%. This means that the expected change of the value of Band Protocol is between -1.89% and 1.17% on 68 out of 100 Mondays.

The Band Protocol declines in value on an average Tuesday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 2.21%. This means that it is not possible to say whether on a regular Tuesday the Band Protocol will increase or decrease in value.

On Wednesdays, the Band Protocol decreases in value on average with -0.76%. On most of the Wednesdays the Band Protocol decreases in value between -1.38% and -0.14%. The uncertainty (0.62%) is higher than the average decline percentage (-0.76%). Therefore, expected range of price changes of the Band Protocol on Wednesdays is large.

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 -0.08%. However, the standard deviation on this weekday is 2.58%. This means that on most Thursdays, the change in value of the Band Protocol is between -2.66% and 2.50%.

Allthough the Band Protocol decreases in value with -0.58% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Fridays is 0.87%. This means that the expected change of the value of Band Protocol is between -1.45% and 0.28% on 68 out of 100 Fridays.

On an average Saturday the Band Protocol shows an increase in value of 1.30%. However, the change of Band Protocol on most of the Saturdays is between -0.62% and 3.22%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Band Protocols.

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 -0.54% 2.22% -2.76% to 1.67%
Monday -0.36% 1.53% -1.89% to 1.17%
Tuesday -1.70% 2.21% -3.91% to 0.51%
Wednesday -0.76% 0.62% -1.38% to -0.14%
Thursday -0.08% 2.58% -2.66% to 2.50%
Friday -0.58% 0.87% -1.45% to 0.28%
Saturday 1.30% 1.92% -0.62% to 3.22%
 

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