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 November 1st, 2022 to November 30th, 2022.
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 November 1st, 2022 and November 30th, 2022, Band Protocol performed the best on Fridays. On average, the price of Band Protocol increased 4.68% 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 -0.51%.
Band Protocol weekday performance
Band Protocol increased in value on an average Sunday 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 (0.87%). This means that on 68 percent of the Sundays, the change in price of the Band Protocol is expected to be in the range of -0.62% and 1.12%.
Allthough the Band Protocol decreases in value with -0.51% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Mondays is 2.29%. This means that the expected change of the value of Band Protocol is between -2.80% and 1.77% on 68 out of 100 Mondays.
Allthough the Band Protocol decreases in value with -0.33% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Tuesdays is 1.62%. This means that the expected change of the value of Band Protocol is between -1.95% and 1.28% on 68 out of 100 Tuesdays.
Allthough the Band Protocol decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Wednesdays is 2.61%. This means that the expected change of the value of Band Protocol is between -3.08% and 2.13% on 68 out of 100 Wednesdays.
Historical performance on Thursday 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 Thursday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Thursday is between -1.10% and 2.76% (see also the table below).
The increase in value of the Band Protocol is 4.68% on an average Friday. However, the uncertainty on the average change is high for the Band Protocol on Fridays. This is the reason why an expected increase of the Band Protocol on an average Friday cannot be predicted. The standard deviation for Band Protocol on Fridays is high, namely 6.33%. This means that the expected range of value change for the Band Protocol is -1.66% and 11.01% on 68% of the Fridays.
On an average Saturday, the Band Protocol increased 0.45%. However, since the expected deviation is 1.40%, the Band Protocol will decline in value on a Saturday quiet regularly. The expected price change of the Band Protocol on a Saturday is between -0.95% and 1.85%.
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||0.25%||0.87%||-0.62% to 1.12%|
|Monday||-0.51%||2.29%||-2.80% to 1.77%|
|Tuesday||-0.33%||1.62%||-1.95% to 1.28%|
|Wednesday||-0.48%||2.61%||-3.08% to 2.13%|
|Thursday||0.83%||1.93%||-1.10% to 2.76%|
|Friday||4.68%||6.33%||-1.66% to 11.01%|
|Saturday||0.45%||1.40%||-0.95% to 1.85%|