NEM (XEM)

Current price: $ 0.04

24 hours price change: $ -0.000225 (-0.62%)

Daily analysis of NEM (XEM) - 1 month

The performance of NEM regarding the price differs every day. To make the best decision to buy NEM, we are analysis in this article the performance of NEM on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 9th, 2019 to December 8th, 2019.

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

Average daily change in price of NEM per weekday between 11/09/2019 and 12/08/2019.

According to the performance of NEM between November 9th, 2019 and December 8th, 2019, NEM performed the best on Mondays. On average, the price of NEM increased 0.50% on Monday.

The weekday on which the NEM performed the worst, is Saturday. On Saturdays, the NEM declined in value on average by -0.43%.

NEM weekday performance

It is hard to tell whether the NEM will increase or decrease in value on an average Sunday. The average change on a Sunday for the NEM is -0.21%. However, the standard deviation on this weekday is 0.55%. This means that on most Sundays, the change in value of the NEM is between -0.75% and 0.34%.

The average increase of the NEM on an average Monday is 0.50%. This is a small increase, however, the expected change of the NEM in 95% of the Mondays is -0.17% and 1.16%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the NEM is below -0.17%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.16%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the NEM will be in the range of 0.17% and 0.83%.

Allthough the NEM decreases in value with -0.32% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Tuesdays is 0.70%. This means that the expected change of the value of NEM is between -1.02% and 0.38% on 68 out of 100 Tuesdays.

It is hard to tell whether the NEM will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the NEM is -0.06%. However, the standard deviation on this weekday is 0.26%. This means that on most Wednesdays, the change in value of the NEM is between -0.32% and 0.20%.

NEM increased in value on an average Thursday only slightly. The average increase in value of the NEM was 0.01%. Allthough the NEM closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.53%). This means that on 68 percent of the Thursdays, the change in price of the NEM is expected to be in the range of -0.52% and 0.54%.

Allthough the NEM decreases in value with -0.41% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Fridays is 0.65%. This means that the expected change of the value of NEM is between -1.05% and 0.24% on 68 out of 100 Fridays.

Allthough the NEM decreases in value with -0.43% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Saturdays is 0.36%. This means that the expected change of the value of NEM is between -0.79% and -0.07% on 68 out of 100 Saturdays.

NEM weekday performance details

Find below the details of the performance of NEM 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 -0.21% 0.55% -0.75% to 0.34%
Monday 0.50% 0.33% 0.17% to 0.83%
Tuesday -0.32% 0.70% -1.02% to 0.38%
Wednesday -0.06% 0.26% -0.32% to 0.20%
Thursday 0.01% 0.53% -0.52% to 0.54%
Friday -0.41% 0.65% -1.05% to 0.24%
Saturday -0.43% 0.36% -0.79% to -0.07%