Ren (REN)

Current price: $ 0.13

24 hours price change: $ 0.000300 (0.23%)

Daily analysis of Ren (REN) - 1 month

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 April 29th, 2022 to May 29th, 2022.

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 04/29/2022 and 05/29/2022.

According to the performance of Ren between April 29th, 2022 and May 29th, 2022, Ren performed the best on Tuesdays. On average, the price of Ren increased 0.48% on Tuesday.

The weekday on which the Ren performed the worst, is Saturday. On Saturdays, the Ren declined in value on average by -2.24%.

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 -0.03%. However, the standard deviation on this weekday is 0.12%. This means that on most Sundays, the change in value of the Ren is between -0.14% and 0.09%.

It is hard to tell whether the Ren will increase or decrease in value on an average Monday. The average change on a Monday for the Ren is -0.08%. However, the standard deviation on this weekday is 0.17%. This means that on most Mondays, the change in value of the Ren is between -0.25% and 0.09%.

On an average Tuesday, the Ren increased 0.48%. However, since the expected deviation is 0.63%, the Ren will decline in value on a Tuesday quiet regularly. The expected price change of the Ren on a Tuesday is between -0.15% and 1.12%.

It is hard to tell whether the Ren will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ren is -0.12%. However, the standard deviation on this weekday is 0.10%. This means that on most Wednesdays, the change in value of the Ren is between -0.21% and -0.02%.

The Ren will almost not change or only slightly increase in value on an average Thursday. The average change of the Ren on Thursdays is 0.29%. The standard deviation of the Ren is 0.23%, which means that in 68% of the Thursdays, the range of the change of the Ren is 0.06% and 0.52%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The Ren declines in value on an average Friday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 2.84%. This means that it is not possible to say whether on a regular Friday the Ren will increase or decrease in value.

The Ren declines in value on an average Saturday with -2.24%. However, the uncertainty (or standard deviation) is quite large, namely 4.84%. This means that it is not possible to say whether on a regular Saturday the Ren will increase or decrease in value.

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 -0.03% 0.12% -0.14% to 0.09%
Monday -0.08% 0.17% -0.25% to 0.09%
Tuesday 0.48% 0.63% -0.15% to 1.12%
Wednesday -0.12% 0.10% -0.21% to -0.02%
Thursday 0.29% 0.23% 0.06% to 0.52%
Friday -1.33% 2.84% -4.17% to 1.51%
Saturday -2.24% 4.84% -7.08% to 2.60%
 

About Us

: Financial indicators for cryptocurrencies