Band Protocol (BAND)

Current price: $ 1.70

24 hours price change: $ -0.08 (-4.34%)

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 December 6th, 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 12/06/2019 and 06/05/2020.

According to the performance of Band Protocol between December 6th, 2019 and June 5th, 2020, Band Protocol performed the best on Tuesdays. On average, the price of Band Protocol increased 0.42% on Tuesday.

The weekday on which the Band Protocol performed the worst, is Friday. On Fridays, the Band Protocol declined in value on average by -0.10%.

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 (1.90%). 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 -1.62% and 2.17%.

Band Protocol increased in value on an average Monday only slightly. The average increase in value of the Band Protocol was 0.16%. 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 (1.41%). This means that on 68 percent of the Mondays, the change in price of the Band Protocol is expected to be in the range of -1.25% and 1.56%.

On an average Tuesday, the Band Protocol increased 0.42%. However, since the expected deviation is 1.65%, 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 -1.23% and 2.07%.

Band Protocol increased in value on an average Wednesday 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 (2.19%). 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 -2.18% and 2.20%.

Band Protocol increased in value on an average Thursday only slightly. The average increase in value of the Band Protocol was 0.29%. 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 (1.76%). 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 -1.47% and 2.05%.

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 -0.10%. However, the standard deviation on this weekday is 1.41%. This means that on most Fridays, the change in value of the Band Protocol is between -1.51% and 1.31%.

Band Protocol increased in value on an average Saturday 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 (1.67%). 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 -1.45% and 1.90%.

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% 1.90% -1.62% to 2.17%
Monday 0.16% 1.41% -1.25% to 1.56%
Tuesday 0.42% 1.65% -1.23% to 2.07%
Wednesday 0.01% 2.19% -2.18% to 2.20%
Thursday 0.29% 1.76% -1.47% to 2.05%
Friday -0.10% 1.41% -1.51% to 1.31%
Saturday 0.23% 1.67% -1.45% to 1.90%
 

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