Ren (REN)

Current price: $ 0.42

24 hours price change: $ 0.01 (3.03%)

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 May 13th, 2021 to June 13th, 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 05/13/2021 and 06/13/2021.

According to the performance of Ren between May 13th, 2021 and June 13th, 2021, Ren performed the best on Wednesdays. On average, the price of Ren increased 6.34% on Wednesday.

The weekday on which the Ren performed the worst, is Friday. On Fridays, the Ren declined in value on average by -2.81%.

Ren weekday performance

Ren increased in value on an average Sunday only slightly. The average increase in value of the Ren was 0.25%. 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 (0.60%). This means that on 68 percent of the Sundays, the change in price of the Ren is expected to be in the range of -0.36% and 0.85%.

The increase in value of the Ren is 6.17% 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 10.40%. This means that the expected range of value change for the Ren is -4.23% and 16.57% on 68% of the Mondays.

Allthough the Ren decreases in value with -0.45% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Tuesdays is 0.37%. This means that the expected change of the value of Ren is between -0.81% and -0.08% on 68 out of 100 Tuesdays.

The increase in value of the Ren is 6.34% on an average Wednesday. However, the uncertainty on the average change is high for the Ren on Wednesdays. This is the reason why an expected increase of the Ren on an average Wednesday cannot be predicted. The standard deviation for Ren on Wednesdays is high, namely 10.52%. This means that the expected range of value change for the Ren is -4.18% and 16.86% on 68% of the Wednesdays.

Ren increased in value on an average Thursday only slightly. The average increase in value of the Ren was 0.15%. 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 (0.98%). This means that on 68 percent of the Thursdays, the change in price of the Ren is expected to be in the range of -0.83% and 1.12%.

The Ren declines in value on an average Friday with -2.81%. However, the uncertainty (or standard deviation) is quite large, namely 5.79%. 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 -2.39%. However, the uncertainty (or standard deviation) is quite large, namely 5.09%. 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 0.25% 0.60% -0.36% to 0.85%
Monday 6.17% 10.40% -4.23% to 16.57%
Tuesday -0.45% 0.37% -0.81% to -0.08%
Wednesday 6.34% 10.52% -4.18% to 16.86%
Thursday 0.15% 0.98% -0.83% to 1.12%
Friday -2.81% 5.79% -8.60% to 2.99%
Saturday -2.39% 5.09% -7.47% to 2.70%
 

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