Ren (REN)

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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 24th, 2024 to May 17th, 2024.

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 04/24/2024 and 05/17/2024.

According to the performance of Ren between April 24th, 2024 and May 17th, 2024, Ren performed the best on Saturdays. On average, the price of Ren increased 0.31% on Saturday.

The weekday on which the Ren performed the worst, is Tuesday. On Tuesdays, the Ren declined in value on average by -2.32%.

Ren weekday performance

On Sundays, the Ren decreases in value on average with -1.00%. On most of the Sundays the Ren decreases in value between -2.39% and 0.40%. The uncertainty (1.40%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Ren on Sundays is large.

Allthough the Ren decreases in value with -0.43% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Mondays is 0.66%. This means that the expected change of the value of Ren is between -1.08% and 0.23% on 68 out of 100 Mondays.

The Ren declines in value on an average Tuesday with -2.32%. However, the uncertainty (or standard deviation) is quite large, namely 3.27%. This means that it is not possible to say whether on a regular Tuesday the Ren will increase or decrease in value.

The Ren will almost not change or only slightly increase in value on an average Wednesday. The average change of the Ren on Wednesdays is 0.06%. The standard deviation of the Ren is 0.05%, which means that in 68% of the Wednesdays, the range of the change of the Ren is 0.00% and 0.11%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Ren increased in value on an average Thursday only slightly. The average increase in value of the Ren was 0.01%. 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 (0.01%). This means that on 68 percent of the Thursdays, the change in price of the Ren is expected to be in the range of 0.00% and 0.02%.

On Fridays, the Ren decreases in value on average with -0.97%. On most of the Fridays the Ren decreases in value between -2.69% and 0.75%. The uncertainty (1.72%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Ren on Fridays is large.

On an average Saturday, the Ren increased 0.31%. However, since the expected deviation is 0.45%, the Ren will decline in value on a Saturday quiet regularly. The expected price change of the Ren on a Saturday is between -0.14% and 0.76%.

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 -1.00% 1.40% -2.39% to 0.40%
Monday -0.43% 0.66% -1.08% to 0.23%
Tuesday -2.32% 3.27% -5.60% to 0.95%
Wednesday 0.06% 0.05% 0.00% to 0.11%
Thursday 0.01% 0.01% 0.00% to 0.02%
Friday -0.97% 1.72% -2.69% to 0.75%
Saturday 0.31% 0.45% -0.14% to 0.76%
 

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