Ren (REN)

Current price: $ 1.02

24 hours price change: $ 1.02 (inf%)

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 August 28th, 2020 to February 25th, 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 08/28/2020 and 02/25/2021.

According to the performance of Ren between August 28th, 2020 and February 25th, 2021, Ren performed the best on Thursdays. On average, the price of Ren increased 0.75% on Thursday.

The weekday on which the Ren performed the worst, is Sunday. On Sundays, the Ren declined in value on average by -0.70%.

Ren weekday performance

On Sundays, the Ren decreases in value on average with -0.70%. On most of the Sundays the Ren decreases in value between -3.50% and 2.11%. The uncertainty (2.80%) is higher than the average decline percentage (-0.70%). Therefore, expected range of price changes of the Ren on Sundays is large.

Allthough the Ren decreases in value with -0.51% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Mondays is 6.25%. This means that the expected change of the value of Ren is between -6.76% and 5.74% on 68 out of 100 Mondays.

Ren increased in value on an average Tuesday only slightly. The average increase in value of the Ren was 0.28%. 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 (4.56%). This means that on 68 percent of the Tuesdays, the change in price of the Ren is expected to be in the range of -4.28% and 4.84%.

Allthough the Ren decreases in value with -0.33% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Wednesdays is 5.52%. This means that the expected change of the value of Ren is between -5.85% and 5.18% on 68 out of 100 Wednesdays.

Historical performance on Thursday 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 Thursday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Thursday is between -2.12% and 3.62% (see also the table below).

On an average Friday, the Ren increased 0.56%. However, since the expected deviation is 2.22%, the Ren will decline in value on a Friday quiet regularly. The expected price change of the Ren on a Friday is between -1.66% and 2.78%.

Ren increased in value on an average Saturday only slightly. The average increase in value of the Ren was 0.02%. 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 (2.27%). This means that on 68 percent of the Saturdays, the change in price of the Ren is expected to be in the range of -2.25% and 2.29%.

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 -0.70% 2.80% -3.50% to 2.11%
Monday -0.51% 6.25% -6.76% to 5.74%
Tuesday 0.28% 4.56% -4.28% to 4.84%
Wednesday -0.33% 5.52% -5.85% to 5.18%
Thursday 0.75% 2.87% -2.12% to 3.62%
Friday 0.56% 2.22% -1.66% to 2.78%
Saturday 0.02% 2.27% -2.25% to 2.29%
 

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