Ren (REN)

Current price: $ 0.23

24 hours price change: $ -0.001932 (-0.82%)

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 September 25th, 2020.

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 09/25/2020.

According to the performance of Ren between February 16th, 2018 and September 25th, 2020, Ren performed the best on Mondays. On average, the price of Ren increased 0.68% on Monday.

The weekday on which the Ren performed the worst, is Tuesday. On Tuesdays, the Ren declined in value on average by -0.30%.

Ren weekday performance

It is hard to tell whether the Ren will increase or decrease in value on an average Sunday. The average change on a Sunday for the Ren is -0.27%. However, the standard deviation on this weekday is 5.86%. This means that on most Sundays, the change in value of the Ren is between -6.13% and 5.58%.

Historical performance on Monday do not show an increase in value of the Ren on which a prediction can be made. The Ren increased in value on average on an average Monday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Monday is between -5.35% and 6.71% (see also the table below).

Allthough the Ren decreases in value with -0.30% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Tuesdays is 5.40%. This means that the expected change of the value of Ren is between -5.71% and 5.10% on 68 out of 100 Tuesdays.

On an average Wednesday, the Ren increased 0.51%. However, since the expected deviation is 5.11%, the Ren will decline in value on a Wednesday quiet regularly. The expected price change of the Ren on a Wednesday is between -4.60% and 5.61%.

It is hard to tell whether the Ren will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ren is -0.03%. However, the standard deviation on this weekday is 3.50%. This means that on most Thursdays, the change in value of the Ren is between -3.53% and 3.46%.

On an average Friday, the Ren increased 0.57%. However, since the expected deviation is 4.57%, the Ren will decline in value on a Friday quiet regularly. The expected price change of the Ren on a Friday is between -4.00% and 5.14%.

Ren increased in value on an average Saturday only slightly. The average increase in value of the Ren was 0.18%. 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 (5.47%). This means that on 68 percent of the Saturdays, the change in price of the Ren is expected to be in the range of -5.29% and 5.65%.

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 -0.27% 5.86% -6.13% to 5.58%
Monday 0.68% 6.03% -5.35% to 6.71%
Tuesday -0.30% 5.40% -5.71% to 5.10%
Wednesday 0.51% 5.11% -4.60% to 5.61%
Thursday -0.03% 3.50% -3.53% to 3.46%
Friday 0.57% 4.57% -4.00% to 5.14%
Saturday 0.18% 5.47% -5.29% to 5.65%
 

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