MX Token (MX)

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Daily analysis of MX Token (MX) - 6 months

The performance of MX Token regarding the price differs every day. To make the best decision to buy MX Token, we are analysis in this article the performance of MX Token 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 MX Token are shown side by side.

Average daily change in price of MX Token per weekday between 11/24/2023 and 05/17/2024.

According to the performance of MX Token between November 24th, 2023 and May 17th, 2024, MX Token performed the best on Saturdays. On average, the price of MX Token increased 0.22% on Saturday.

The weekday on which the MX Token performed the worst, is Friday. On Fridays, the MX Token declined in value on average by -0.10%.

MX Token weekday performance

It is hard to tell whether the MX Token will increase or decrease in value on an average Sunday. The average change on a Sunday for the MX Token is 0.00%. However, the standard deviation on this weekday is 0.69%. This means that on most Sundays, the change in value of the MX Token is between -0.69% and 0.68%.

MX Token increased in value on an average Monday only slightly. The average increase in value of the MX Token was 0.13%. Allthough the MX Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.77%). This means that on 68 percent of the Mondays, the change in price of the MX Token is expected to be in the range of -0.64% and 0.90%.

It is hard to tell whether the MX Token will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the MX Token is -0.09%. However, the standard deviation on this weekday is 1.12%. This means that on most Tuesdays, the change in value of the MX Token is between -1.21% and 1.03%.

MX Token increased in value on an average Wednesday only slightly. The average increase in value of the MX Token was 0.04%. Allthough the MX Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.68%). This means that on 68 percent of the Wednesdays, the change in price of the MX Token is expected to be in the range of -0.64% and 0.72%.

It is hard to tell whether the MX Token will increase or decrease in value on an average Thursday. The average change on a Thursday for the MX Token is -0.02%. However, the standard deviation on this weekday is 0.56%. This means that on most Thursdays, the change in value of the MX Token is between -0.58% and 0.54%.

It is hard to tell whether the MX Token will increase or decrease in value on an average Friday. The average change on a Friday for the MX Token is -0.10%. However, the standard deviation on this weekday is 0.53%. This means that on most Fridays, the change in value of the MX Token is between -0.63% and 0.43%.

MX Token increased in value on an average Saturday only slightly. The average increase in value of the MX Token was 0.22%. Allthough the MX Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.67%). This means that on 68 percent of the Saturdays, the change in price of the MX Token is expected to be in the range of -0.45% and 0.88%.

MX Token weekday performance details

Find below the details of the performance of MX 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% 0.69% -0.69% to 0.68%
Monday 0.13% 0.77% -0.64% to 0.90%
Tuesday -0.09% 1.12% -1.21% to 1.03%
Wednesday 0.04% 0.68% -0.64% to 0.72%
Thursday -0.02% 0.56% -0.58% to 0.54%
Friday -0.10% 0.53% -0.63% to 0.43%
Saturday 0.22% 0.67% -0.45% to 0.88%
 

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