Band Protocol (BAND)

Current price: $ 1.71

24 hours price change: $ -0.06 (-3.38%)

Daily analysis of Band Protocol (BAND) - 1 year

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 year, starting on September 18th, 2019 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 09/18/2019 and 06/05/2020.

According to the performance of Band Protocol between September 18th, 2019 and June 5th, 2020, Band Protocol performed the best on Thursdays. On average, the price of Band Protocol increased 0.46% on Thursday.

The weekday on which the Band Protocol performed the worst, is Monday. On Mondays, the Band Protocol declined in value on average by -0.64%.

Band Protocol weekday performance

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Sunday. The average change on a Sunday for the Band Protocol is -0.01%. However, the standard deviation on this weekday is 2.90%. This means that on most Sundays, the change in value of the Band Protocol is between -2.91% and 2.89%.

On Mondays, the Band Protocol decreases in value on average with -0.64%. On most of the Mondays the Band Protocol decreases in value between -4.62% and 3.35%. The uncertainty (3.98%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Band Protocol on Mondays is large.

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 1.81%. This means that on most Tuesdays, the change in value of the Band Protocol is between -1.86% and 1.76%.

On an average Wednesday, the Band Protocol increased 0.34%. However, since the expected deviation is 2.74%, the Band Protocol will decline in value on a Wednesday quiet regularly. The expected price change of the Band Protocol on a Wednesday is between -2.40% and 3.08%.

On an average Thursday, the Band Protocol increased 0.46%. However, since the expected deviation is 2.51%, the Band Protocol will decline in value on a Thursday quiet regularly. The expected price change of the Band Protocol on a Thursday is between -2.05% and 2.97%.

On an average Friday, the Band Protocol increased 0.44%. However, since the expected deviation is 3.41%, the Band Protocol will decline in value on a Friday quiet regularly. The expected price change of the Band Protocol on a Friday is between -2.98% and 3.85%.

Allthough the Band Protocol decreases in value with -0.33% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Saturdays is 2.46%. This means that the expected change of the value of Band Protocol is between -2.79% and 2.13% on 68 out of 100 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 -0.01% 2.90% -2.91% to 2.89%
Monday -0.64% 3.98% -4.62% to 3.35%
Tuesday -0.05% 1.81% -1.86% to 1.76%
Wednesday 0.34% 2.74% -2.40% to 3.08%
Thursday 0.46% 2.51% -2.05% to 2.97%
Friday 0.44% 3.41% -2.98% to 3.85%
Saturday -0.33% 2.46% -2.79% to 2.13%
 

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