Ren (REN)

Current price: $ 0.05

24 hours price change: $ -0.001598 (-3.10%)

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 22nd, 2019 to September 22nd, 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 08/22/2019 and 09/22/2019.

According to the performance of Ren between August 22nd, 2019 and September 22nd, 2019, Ren performed the best on Fridays. On average, the price of Ren increased 3.10% on Friday.

The weekday on which the Ren performed the worst, is Sunday. On Sundays, the Ren declined in value on average by -1.25%.

Ren weekday performance

The Ren declines in value on an average Sunday with -1.25%. However, the uncertainty (or standard deviation) is quite large, namely 1.27%. This means that it is not possible to say whether on a regular Sunday the Ren will increase or decrease in value.

Ren increased in value on an average Monday only slightly. The average increase in value of the Ren was 0.07%. 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 (1.38%). This means that on 68 percent of the Mondays, the change in price of the Ren is expected to be in the range of -1.32% and 1.45%.

It is hard to tell whether the Ren will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Ren is -0.20%. However, the standard deviation on this weekday is 1.50%. This means that on most Tuesdays, the change in value of the Ren is between -1.71% and 1.30%.

It is hard to tell whether the Ren will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Ren is -0.23%. However, the standard deviation on this weekday is 0.31%. This means that on most Wednesdays, the change in value of the Ren is between -0.54% and 0.07%.

On an average Thursday, the Ren increased 0.38%. However, since the expected deviation is 0.92%, the Ren will decline in value on a Thursday quiet regularly. The expected price change of the Ren on a Thursday is between -0.55% and 1.30%.

The increase in value of the Ren is 3.10% on an average Friday. However, the uncertainty on the average change is high for the Ren on Fridays. This is the reason why an expected increase of the Ren on an average Friday cannot be predicted. The standard deviation for Ren on Fridays is high, namely 4.10%. This means that the expected range of value change for the Ren is -1.00% and 7.20% on 68% of the Fridays.

Allthough the Ren decreases in value with -0.33% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Saturdays is 0.61%. This means that the expected change of the value of Ren is between -0.94% and 0.28% on 68 out of 100 Saturdays.

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 -1.25% 1.27% -2.52% to 0.02%
Monday 0.07% 1.38% -1.32% to 1.45%
Tuesday -0.20% 1.50% -1.71% to 1.30%
Wednesday -0.23% 0.31% -0.54% to 0.07%
Thursday 0.38% 0.92% -0.55% to 1.30%
Friday 3.10% 4.10% -1.00% to 7.20%
Saturday -0.33% 0.61% -0.94% to 0.28%