Ren (REN)

Current price: $ 1.03

24 hours price change: $ -0.08 (-7.24%)

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 August 28th, 2021 to September 28th, 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 08/28/2021 and 09/28/2021.

According to the performance of Ren between August 28th, 2021 and September 28th, 2021, Ren performed the best on Tuesdays. On average, the price of Ren increased 3.57% on Tuesday.

The weekday on which the Ren performed the worst, is Monday. On Mondays, the Ren declined in value on average by -0.61%.

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 -0.07%. However, the standard deviation on this weekday is 0.14%. This means that on most Sundays, the change in value of the Ren is between -0.21% and 0.07%.

On Mondays, the Ren decreases in value on average with -0.61%. On most of the Mondays the Ren decreases in value between -1.71% and 0.49%. The uncertainty (1.10%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Ren on Mondays is large.

The increase in value of the Ren is 3.57% on an average Tuesday. However, the uncertainty on the average change is high for the Ren on Tuesdays. This is the reason why an expected increase of the Ren on an average Tuesday cannot be predicted. The standard deviation for Ren on Tuesdays is high, namely 7.09%. This means that the expected range of value change for the Ren is -3.52% and 10.67% on 68% of the Tuesdays.

On an average Wednesday, the Ren increased 0.52%. However, since the expected deviation is 0.70%, the Ren will decline in value on a Wednesday quiet regularly. The expected price change of the Ren on a Wednesday is between -0.18% and 1.23%.

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 0.14%. The standard deviation of the Ren is 0.13%, which means that in 68% of the Thursdays, the range of the change of the Ren is 0.01% and 0.27%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 -0.02%. However, the standard deviation on this weekday is 0.25%. This means that on most Fridays, the change in value of the Ren is between -0.26% and 0.23%.

On an average Saturday, the Ren increased 0.36%. However, since the expected deviation is 0.65%, the Ren will decline in value on a Saturday quiet regularly. The expected price change of the Ren on a Saturday is between -0.28% and 1.01%.

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 -0.07% 0.14% -0.21% to 0.07%
Monday -0.61% 1.10% -1.71% to 0.49%
Tuesday 3.57% 7.09% -3.52% to 10.67%
Wednesday 0.52% 0.70% -0.18% to 1.23%
Thursday 0.14% 0.13% 0.01% to 0.27%
Friday -0.02% 0.25% -0.26% to 0.23%
Saturday 0.36% 0.65% -0.28% to 1.01%
 

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