Band Protocol (BAND)

Current price: $ 8.41

24 hours price change: $ -0.87 (-9.33%)

Daily analysis of Band Protocol (BAND) - 6 months

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 6 months, starting on March 20th, 2021 to September 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 09/20/2021.

According to the performance of Band Protocol between March 20th, 2021 and September 20th, 2021, Band Protocol performed the best on Wednesdays. On average, the price of Band Protocol increased 1.87% on Wednesday.

The weekday on which the Band Protocol performed the worst, is Thursday. On Thursdays, the Band Protocol declined in value on average by -0.43%.

Band Protocol weekday performance

On an average Sunday, the Band Protocol increased 0.56%. However, since the expected deviation is 2.13%, the Band Protocol will decline in value on a Sunday quiet regularly. The expected price change of the Band Protocol on a Sunday is between -1.57% and 2.69%.

On an average Monday the Band Protocol shows an increase in value of 1.30%. However, the change of Band Protocol on most of the Mondays is between -3.41% and 6.01%. Therefore it is hard to tell whether an average Monday is a good day to start buying Band Protocols.

On an average Tuesday the Band Protocol shows an increase in value of 1.70%. However, the change of Band Protocol on most of the Tuesdays is between -2.54% and 5.93%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Band Protocols.

On an average Wednesday the Band Protocol shows an increase in value of 1.87%. However, the change of Band Protocol on most of the Wednesdays is between -3.30% and 7.04%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Band Protocols.

Allthough the Band Protocol decreases in value with -0.43% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Thursdays is 2.06%. This means that the expected change of the value of Band Protocol is between -2.49% and 1.63% on 68 out of 100 Thursdays.

Allthough the Band Protocol decreases in value with -0.40% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Band Protocol on Fridays is 4.08%. This means that the expected change of the value of Band Protocol is between -4.48% and 3.68% on 68 out of 100 Fridays.

Band Protocol increased in value on an average Saturday only slightly. The average increase in value of the Band Protocol was 0.27%. 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 (1.77%). This means that on 68 percent of the Saturdays, the change in price of the Band Protocol is expected to be in the range of -1.50% and 2.04%.

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 0.56% 2.13% -1.57% to 2.69%
Monday 1.30% 4.71% -3.41% to 6.01%
Tuesday 1.70% 4.23% -2.54% to 5.93%
Wednesday 1.87% 5.17% -3.30% to 7.04%
Thursday -0.43% 2.06% -2.49% to 1.63%
Friday -0.40% 4.08% -4.48% to 3.68%
Saturday 0.27% 1.77% -1.50% to 2.04%
 

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