Band Protocol (BAND)

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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 June 28th, 2021 to June 28th, 2022.

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 06/28/2021 and 06/28/2022.

According to the performance of Band Protocol between June 28th, 2021 and June 28th, 2022, Band Protocol performed the best on Tuesdays. On average, the price of Band Protocol increased 0.58% on Tuesday.

The weekday on which the Band Protocol performed the worst, is Monday. On Mondays, the Band Protocol declined in value on average by -0.46%.

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 0.28%. 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 (2.25%). 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 -1.97% and 2.53%.

Allthough the Band Protocol decreases in value with -0.46% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Mondays is 1.20%. This means that the expected change of the value of Band Protocol is between -1.66% and 0.74% on 68 out of 100 Mondays.

On an average Tuesday, the Band Protocol increased 0.58%. However, since the expected deviation is 3.22%, the Band Protocol will decline in value on a Tuesday quiet regularly. The expected price change of the Band Protocol on a Tuesday is between -2.64% and 3.79%.

Band Protocol increased in value on an average Wednesday only slightly. The average increase in value of the Band Protocol was 0.21%. 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 (1.62%). This means that on 68 percent of the Wednesdays, the change in price of the Band Protocol is expected to be in the range of -1.41% and 1.83%.

Band Protocol increased in value on an average Thursday only slightly. The average increase in value of the Band Protocol was 0.01%. 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 (1.66%). 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 -1.65% and 1.68%.

It is hard to tell whether the Band Protocol will increase or decrease in value on an average Friday. The average change on a Friday for the Band Protocol is -0.14%. However, the standard deviation on this weekday is 2.12%. This means that on most Fridays, the change in value of the Band Protocol is between -2.26% and 1.98%.

On an average Saturday, the Band Protocol increased 0.34%. However, since the expected deviation is 2.29%, 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 -1.96% and 2.63%.

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 0.28% 2.25% -1.97% to 2.53%
Monday -0.46% 1.20% -1.66% to 0.74%
Tuesday 0.58% 3.22% -2.64% to 3.79%
Wednesday 0.21% 1.62% -1.41% to 1.83%
Thursday 0.01% 1.66% -1.65% to 1.68%
Friday -0.14% 2.12% -2.26% to 1.98%
Saturday 0.34% 2.29% -1.96% to 2.63%
 

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