Ren (REN)

Current price: $ 0.74

24 hours price change: $ -0.14 (-15.52%)

Daily analysis of Ren (REN) - all

The performance of Ren regarding the price differs every day. To make the best decision to buy Ren, we are analysis in this article the performance of Ren on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on February 16th, 2018 to April 23rd, 2021.

In the barchart below, the weekdays and average performance of Ren are shown side by side.

Average daily change in price of Ren per weekday between 02/16/2018 and 04/23/2021.

According to the performance of Ren between February 16th, 2018 and April 23rd, 2021, Ren performed the best on Mondays. On average, the price of Ren increased 0.58% on Monday.

The weekday on which the Ren performed the worst, is Sunday. On Sundays, the Ren declined in value on average by -0.32%.

Ren weekday performance

Allthough the Ren decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Sundays is 5.43%. This means that the expected change of the value of Ren is between -5.75% and 5.11% on 68 out of 100 Sundays.

On an average Monday, the Ren increased 0.58%. However, since the expected deviation is 6.06%, the Ren will decline in value on a Monday quiet regularly. The expected price change of the Ren on a Monday is between -5.48% and 6.64%.

It is hard to tell whether the Ren will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ren is -0.26%. However, the standard deviation on this weekday is 5.24%. This means that on most Tuesdays, the change in value of the Ren is between -5.51% and 4.98%.

On an average Wednesday, the Ren increased 0.30%. However, since the expected deviation is 5.14%, the Ren will decline in value on a Wednesday quiet regularly. The expected price change of the Ren on a Wednesday is between -4.84% and 5.44%.

Ren increased in value on an average Thursday only slightly. The average increase in value of the Ren was 0.09%. Allthough the Ren closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.39%). This means that on 68 percent of the Thursdays, the change in price of the Ren is expected to be in the range of -3.30% and 3.48%.

On an average Friday, the Ren increased 0.54%. However, since the expected deviation is 4.38%, the Ren will decline in value on a Friday quiet regularly. The expected price change of the Ren on a Friday is between -3.84% and 4.93%.

Ren increased in value on an average Saturday only slightly. The average increase in value of the Ren was 0.21%. Allthough the Ren closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.05%). This means that on 68 percent of the Saturdays, the change in price of the Ren is expected to be in the range of -4.83% and 5.26%.

Ren weekday performance details

Find below the details of the performance of Ren 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 -0.32% 5.43% -5.75% to 5.11%
Monday 0.58% 6.06% -5.48% to 6.64%
Tuesday -0.26% 5.24% -5.51% to 4.98%
Wednesday 0.30% 5.14% -4.84% to 5.44%
Thursday 0.09% 3.39% -3.30% to 3.48%
Friday 0.54% 4.38% -3.84% to 4.93%
Saturday 0.21% 5.05% -4.83% to 5.26%
 

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