Ren (REN)

Current price: $ 0.65

24 hours price change: $ 0.65 (inf%)

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 December 19th, 2020 to January 17th, 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 12/19/2020 and 01/17/2021.

According to the performance of Ren between December 19th, 2020 and January 17th, 2021, Ren performed the best on Wednesdays. On average, the price of Ren increased 0.90% on Wednesday.

The weekday on which the Ren performed the worst, is Friday. On Fridays, the Ren declined in value on average by -1.37%.

Ren weekday performance

Ren increased in value on an average Sunday only slightly. The average increase in value of the Ren was 0.12%. 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 (2.73%). This means that on 68 percent of the Sundays, the change in price of the Ren is expected to be in the range of -2.61% and 2.85%.

On an average Monday, the Ren increased 0.53%. However, since the expected deviation is 1.56%, the Ren will decline in value on a Monday quiet regularly. The expected price change of the Ren on a Monday is between -1.03% and 2.10%.

The Ren declines in value on an average Tuesday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 2.23%. This means that it is not possible to say whether on a regular Tuesday the Ren will increase or decrease in value.

Historical performance on Wednesday 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 Wednesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Wednesday is between -1.86% and 3.67% (see also the table below).

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 1.06%. This means that on most Thursdays, the change in value of the Ren is between -1.09% and 1.03%.

The Ren declines in value on an average Friday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 1.32%. This means that it is not possible to say whether on a regular Friday the Ren will increase or decrease in value.

On an average Saturday, the Ren increased 0.42%. However, since the expected deviation is 1.80%, the Ren will decline in value on a Saturday quiet regularly. The expected price change of the Ren on a Saturday is between -1.38% and 2.23%.

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 0.12% 2.73% -2.61% to 2.85%
Monday 0.53% 1.56% -1.03% to 2.10%
Tuesday -1.06% 2.23% -3.29% to 1.17%
Wednesday 0.90% 2.76% -1.86% to 3.67%
Thursday -0.03% 1.06% -1.09% to 1.03%
Friday -1.37% 1.32% -2.69% to -0.05%
Saturday 0.42% 1.80% -1.38% to 2.23%
 

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