Band Protocol (BAND)

Current price: $ 14.09

24 hours price change: $ -3.82 (-21.33%)

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 March 20th, 2021 to April 20th, 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 03/20/2021 and 04/20/2021.

According to the performance of Band Protocol between March 20th, 2021 and April 20th, 2021, Band Protocol performed the best on Wednesdays. On average, the price of Band Protocol increased 4.59% on Wednesday.

The weekday on which the Band Protocol performed the worst, is Tuesday. On Tuesdays, the Band Protocol declined in value on average by -0.05%.

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 0.00%. 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 (1.68%). 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 -1.68% and 1.69%.

Historical performance on Monday 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 Monday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Band Protocol on a Monday is between -0.99% and 2.53% (see also the table below).

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 -0.05%. However, the standard deviation on this weekday is 1.54%. This means that on most Tuesdays, the change in value of the Band Protocol is between -1.59% and 1.48%.

The increase in value of the Band Protocol is 4.59% on an average Wednesday. However, the uncertainty on the average change is high for the Band Protocol on Wednesdays. This is the reason why an expected increase of the Band Protocol on an average Wednesday cannot be predicted. The standard deviation for Band Protocol on Wednesdays is high, namely 7.88%. This means that the expected range of value change for the Band Protocol is -3.29% and 12.47% on 68% of the Wednesdays.

Band Protocol increased in value on an average Thursday only slightly. The average increase in value of the Band Protocol was 0.23%. 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 (0.92%). 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 -0.69% and 1.14%.

On an average Friday the Band Protocol shows an increase in value of 2.39%. However, the change of Band Protocol on most of the Fridays is between -1.32% and 6.11%. Therefore it is hard to tell whether an average Friday is a good day to start buying Band Protocols.

On an average Saturday the Band Protocol shows an increase in value of 1.89%. However, the change of Band Protocol on most of the Saturdays is between -0.99% and 4.77%. 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 0.00% 1.68% -1.68% to 1.69%
Monday 0.77% 1.76% -0.99% to 2.53%
Tuesday -0.05% 1.54% -1.59% to 1.48%
Wednesday 4.59% 7.88% -3.29% to 12.47%
Thursday 0.23% 0.92% -0.69% to 1.14%
Friday 2.39% 3.71% -1.32% to 6.11%
Saturday 1.89% 2.88% -0.99% to 4.77%
 

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