Ren (REN)

Current price: $ 1.06

24 hours price change: $ -0.11 (-9.47%)

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 April 27th, 2021 to October 27th, 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 04/27/2021 and 10/27/2021.

According to the performance of Ren between April 27th, 2021 and October 27th, 2021, Ren performed the best on Tuesdays. On average, the price of Ren increased 1.08% on Tuesday.

The weekday on which the Ren performed the worst, is Saturday. On Saturdays, the Ren declined in value on average by -0.44%.

Ren weekday performance

Ren increased in value on an average Sunday only slightly. The average increase in value of the Ren was 0.27%. 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 (0.90%). This means that on 68 percent of the Sundays, the change in price of the Ren is expected to be in the range of -0.63% and 1.16%.

Historical performance on Monday do not show an increase in value of the Ren on which a prediction can be made. The Ren increased in value on average on an average Monday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Monday is between -3.78% and 5.63% (see also the table below).

On an average Tuesday the Ren shows an increase in value of 1.08%. However, the change of Ren on most of the Tuesdays is between -2.59% and 4.75%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Rens.

On an average Wednesday the Ren shows an increase in value of 1.04%. However, the change of Ren on most of the Wednesdays is between -3.96% and 6.04%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Rens.

Ren increased in value on an average Thursday only slightly. The average increase in value of the Ren was 0.09%. 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 (0.76%). This means that on 68 percent of the Thursdays, the change in price of the Ren is expected to be in the range of -0.67% and 0.85%.

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 -0.04%. However, the standard deviation on this weekday is 4.26%. This means that on most Fridays, the change in value of the Ren is between -4.30% and 4.22%.

Allthough the Ren decreases in value with -0.44% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Saturdays is 2.47%. This means that the expected change of the value of Ren is between -2.90% and 2.03% 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 0.27% 0.90% -0.63% to 1.16%
Monday 0.93% 4.71% -3.78% to 5.63%
Tuesday 1.08% 3.67% -2.59% to 4.75%
Wednesday 1.04% 5.00% -3.96% to 6.04%
Thursday 0.09% 0.76% -0.67% to 0.85%
Friday -0.04% 4.26% -4.30% to 4.22%
Saturday -0.44% 2.47% -2.90% to 2.03%
 

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