Ren (REN)

Current price: $ 0.06

24 hours price change: $ -0.004244 (-6.19%)

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 June 16th, 2019 to July 15th, 2019.

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 06/16/2019 and 07/15/2019.

According to the performance of Ren between June 16th, 2019 and July 15th, 2019, Ren performed the best on Mondays. On average, the price of Ren increased 9.49% on Monday.

The weekday on which the Ren performed the worst, is Tuesday. On Tuesdays, the Ren declined in value on average by -6.50%.

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 -0.10%. However, the standard deviation on this weekday is 13.41%. This means that on most Sundays, the change in value of the Ren is between -13.51% and 13.31%.

The increase in value of the Ren is 9.49% on an average Monday. However, the uncertainty on the average change is high for the Ren on Mondays. This is the reason why an expected increase of the Ren on an average Monday cannot be predicted. The standard deviation for Ren on Mondays is high, namely 11.71%. This means that the expected range of value change for the Ren is -2.22% and 21.20% on 68% of the Mondays.

The decrease in value of the Ren is -6.50% on an average Tuesday. The uncertainty of the average change is high for the Ren on Tuesdays. This means that it is hard to tell whether the Ren will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Ren, we see that on 68% of the Tuesdays, the expected change of the Ren is between -18.20% and 5.20%.

On Wednesdays, the average increase of the value of the Ren is very high. The average increase is 5.51%. The standard deviation of the Ren on Wednesdays is 4.82%. This means that on 68% of the Wednesdays, the Ren increases between 0.69% and 10.33%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Ren will increase.

Historical performance on Thursday 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 Thursday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Thursday is between -3.30% and 4.90% (see also the table below).

On an average Friday the Ren shows an increase in value of 1.48%. However, the change of Ren on most of the Fridays is between -5.87% and 8.82%. Therefore it is hard to tell whether an average Friday is a good day to start buying Rens.

The Ren declines in value on an average Saturday with -2.63%. However, the uncertainty (or standard deviation) is quite large, namely 8.13%. 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.10%13.41%-13.51% to 13.31%
Monday9.49%11.71%-2.22% to 21.20%
Tuesday-6.50%11.70%-18.20% to 5.20%
Wednesday5.51%4.82%0.69% to 10.33%
Thursday0.80%4.10%-3.30% to 4.90%
Friday1.48%7.34%-5.87% to 8.82%
Saturday-2.63%8.13%-10.76% to 5.50%