MEXC Token (MEXC)

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Daily analysis of MEXC Token (MEXC) - all

The performance of MEXC Token regarding the price differs every day. To make the best decision to buy MEXC Token, we are analysis in this article the performance of MEXC Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on November 4th, 2019 to May 19th, 2020.

In the barchart below, the weekdays and average performance of MEXC Token are shown side by side.

Average daily change in price of MEXC Token per weekday between 11/04/2019 and 05/19/2020.

According to the performance of MEXC Token between November 4th, 2019 and May 19th, 2020, MEXC Token performed the best on Wednesdays. On average, the price of MEXC Token increased 1.63% on Wednesday.

The weekday on which the MEXC Token performed the worst, is Friday. On Fridays, the MEXC Token declined in value on average by -0.16%.

MEXC Token weekday performance

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Sunday. The average change on a Sunday for the MEXC Token is 0.00%. However, the standard deviation on this weekday is 0.68%. This means that on most Sundays, the change in value of the MEXC Token is between -0.68% and 0.67%.

MEXC Token increased in value on an average Monday only slightly. The average increase in value of the MEXC Token was 0.29%. Allthough the MEXC Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.91%). This means that on 68 percent of the Mondays, the change in price of the MEXC Token is expected to be in the range of -0.61% and 1.20%.

MEXC Token increased in value on an average Tuesday only slightly. The average increase in value of the MEXC Token was 0.01%. Allthough the MEXC Token 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 Tuesdays, the change in price of the MEXC Token is expected to be in the range of -0.89% and 0.91%.

On an average Wednesday the MEXC Token shows an increase in value of 1.63%. However, the change of MEXC Token on most of the Wednesdays is between -7.32% and 10.59%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying MEXC Tokens.

MEXC Token increased in value on an average Thursday only slightly. The average increase in value of the MEXC Token was 0.09%. Allthough the MEXC Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.14%). This means that on 68 percent of the Thursdays, the change in price of the MEXC Token is expected to be in the range of -1.05% and 1.23%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Friday. The average change on a Friday for the MEXC Token is -0.16%. However, the standard deviation on this weekday is 0.82%. This means that on most Fridays, the change in value of the MEXC Token is between -0.98% and 0.66%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Saturday. The average change on a Saturday for the MEXC Token is -0.08%. However, the standard deviation on this weekday is 0.54%. This means that on most Saturdays, the change in value of the MEXC Token is between -0.62% and 0.47%.

MEXC Token weekday performance details

Find below the details of the performance of MEXC Token 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 0.00% 0.68% -0.68% to 0.67%
Monday 0.29% 0.91% -0.61% to 1.20%
Tuesday 0.01% 0.90% -0.89% to 0.91%
Wednesday 1.63% 8.96% -7.32% to 10.59%
Thursday 0.09% 1.14% -1.05% to 1.23%
Friday -0.16% 0.82% -0.98% to 0.66%
Saturday -0.08% 0.54% -0.62% to 0.47%
 

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