Ren (REN)

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Daily analysis of Ren (REN) - 6 months

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 6 months, starting on November 24th, 2023 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 11/24/2023 and 05/17/2024.

According to the performance of Ren between November 24th, 2023 and May 17th, 2024, Ren performed the best on Mondays. On average, the price of Ren increased 0.58% on Monday.

The weekday on which the Ren performed the worst, is Tuesday. On Tuesdays, the Ren declined in value on average by -0.42%.

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 -0.06%. However, the standard deviation on this weekday is 1.41%. This means that on most Sundays, the change in value of the Ren is between -1.47% and 1.35%.

On an average Monday, the Ren increased 0.58%. However, since the expected deviation is 3.09%, the Ren will decline in value on a Monday quiet regularly. The expected price change of the Ren on a Monday is between -2.51% and 3.68%.

Allthough the Ren decreases in value with -0.42% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Tuesdays is 1.56%. This means that the expected change of the value of Ren is between -1.98% and 1.14% on 68 out of 100 Tuesdays.

On an average Wednesday, the Ren increased 0.38%. However, since the expected deviation is 2.30%, the Ren will decline in value on a Wednesday quiet regularly. The expected price change of the Ren on a Wednesday is between -1.91% and 2.68%.

It is hard to tell whether the Ren will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ren is -0.22%. However, the standard deviation on this weekday is 1.37%. This means that on most Thursdays, the change in value of the Ren is between -1.59% and 1.16%.

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 -0.08%. However, the standard deviation on this weekday is 1.20%. This means that on most Fridays, the change in value of the Ren is between -1.27% and 1.12%.

It is hard to tell whether the Ren will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ren is -0.20%. However, the standard deviation on this weekday is 0.82%. This means that on most Saturdays, the change in value of the Ren is between -1.03% and 0.62%.

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 -0.06% 1.41% -1.47% to 1.35%
Monday 0.58% 3.09% -2.51% to 3.68%
Tuesday -0.42% 1.56% -1.98% to 1.14%
Wednesday 0.38% 2.30% -1.91% to 2.68%
Thursday -0.22% 1.37% -1.59% to 1.16%
Friday -0.08% 1.20% -1.27% to 1.12%
Saturday -0.20% 0.82% -1.03% to 0.62%
 

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