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 1 month, starting on November 9th, 2023 to December 9th, 2023.
In the barchart below, the weekdays and average performance of Ren are shown side by side.
According to the performance of Ren between November 9th, 2023 and December 9th, 2023, Ren performed the best on Wednesdays. On average, the price of Ren increased 1.08% on Wednesday.
The weekday on which the Ren performed the worst, is Sunday. On Sundays, the Ren declined in value on average by -1.60%.
Ren weekday performance
The Ren declines in value on an average Sunday with -1.60%. However, the uncertainty (or standard deviation) is quite large, namely 1.94%. This means that it is not possible to say whether on a regular Sunday the Ren will increase or decrease in value.
The average increase of the Ren on an average Monday is 0.49%. This is a small increase, however, the expected change of the Ren in 95% of the Mondays is -0.19% and 1.16%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Ren is below -0.19%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.16%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Ren will be in the range of 0.15% and 0.82%.
On Tuesdays, the Ren decreases in value on average with -0.72%. On most of the Tuesdays the Ren decreases in value between -2.41% and 0.97%. The uncertainty (1.69%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Ren on Tuesdays is large.
On an average Wednesday the Ren shows a high increase in value, namely 1.08%. The standard deviation is below the average increase percentage (standard deviation is 0.68%), meaning that on 68% of the Wednesdays the Ren will increase with a percentage between 0.40% and 1.75%. This also means that, on average, on 16 percent of the Wednesdays, the Ren will increase with a percentage above this range. On the other 16% of the Wednesdays, the Ren will change with a percentage below the 0.40%.
The expected range of change of the Ren for an average Thursday is between 0.23% and 1.19%. This is the result of an average increase in value of 0.71% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.
It is hard to tell whether the Ren will increase or decrease in value on an average Friday. The average change on a Friday for the Ren is -0.29%. However, the standard deviation on this weekday is 0.77%. This means that on most Fridays, the change in value of the Ren is between -1.06% and 0.48%.
On Saturdays, the Ren decreases in value on average with -0.61%. On most of the Saturdays the Ren decreases in value between -1.62% and 0.40%. The uncertainty (1.01%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Ren on Saturdays is large.
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||-1.60%||1.94%||-3.54% to 0.35%|
|Monday||0.49%||0.34%||0.15% to 0.82%|
|Tuesday||-0.72%||1.69%||-2.41% to 0.97%|
|Wednesday||1.08%||0.68%||0.40% to 1.75%|
|Thursday||0.71%||0.48%||0.23% to 1.19%|
|Friday||-0.29%||0.77%||-1.06% to 0.48%|
|Saturday||-0.61%||1.01%||-1.62% to 0.40%|