MEXC Token (MEXC)

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Daily analysis of MEXC Token (MEXC) - 1 month

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 1 month, starting on April 26th, 2020 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 04/26/2020 and 05/19/2020.

According to the performance of MEXC Token between April 26th, 2020 and May 19th, 2020, MEXC Token performed the best on Sundays. On average, the price of MEXC Token increased 0.43% on Sunday.

The weekday on which the MEXC Token performed the worst, is Saturday. On Saturdays, the MEXC Token declined in value on average by -0.09%.

MEXC Token weekday performance

The average increase of the MEXC Token on an average Sunday is 0.43%. This is a small increase, however, the expected change of the MEXC Token in 95% of the Sundays is -0.07% and 0.93%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the MEXC Token is below -0.07%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.93%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the MEXC Token will be in the range of 0.18% and 0.68%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Monday. The average change on a Monday for the MEXC Token is -0.02%. However, the standard deviation on this weekday is 0.10%. This means that on most Mondays, the change in value of the MEXC Token is between -0.12% and 0.08%.

MEXC Token increased in value on an average Tuesday only slightly. The average increase in value of the MEXC Token was 0.04%. 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 (0.11%). 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 -0.07% and 0.15%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the MEXC Token is -0.05%. However, the standard deviation on this weekday is 0.23%. This means that on most Wednesdays, the change in value of the MEXC Token is between -0.29% and 0.18%.

MEXC Token increased in value on an average Thursday only slightly. The average increase in value of the MEXC Token was 0.26%. 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 (0.32%). 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 -0.06% and 0.58%.

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 -0.08%. However, the standard deviation on this weekday is 0.14%. This means that on most Fridays, the change in value of the MEXC Token is between -0.22% and 0.06%.

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 -0.09%. However, the standard deviation on this weekday is 0.22%. This means that on most Saturdays, the change in value of the MEXC Token is between -0.31% and 0.13%.

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 0.43% 0.25% 0.18% to 0.68%
Monday -0.02% 0.10% -0.12% to 0.08%
Tuesday 0.04% 0.11% -0.07% to 0.15%
Wednesday -0.05% 0.23% -0.29% to 0.18%
Thursday 0.26% 0.32% -0.06% to 0.58%
Friday -0.08% 0.14% -0.22% to 0.06%
Saturday -0.09% 0.22% -0.31% to 0.13%
 

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