NEM (XEM)

Current price: $ 0.04

24 hours price change: $ 0.0009 (2.03%)

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 January 20th, 2019 to February 19th, 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 01/20/2019 and 02/19/2019.

According to the performance of NEM between January 20th, 2019 and February 19th, 2019, NEM performed the best on Thursdays. On average, the price of NEM increased 1.91% on Thursday.

The weekday on which the NEM performed the worst, is Monday. On Mondays, the NEM rose in value on average by 0.09%. The price still increased on Mondays, allthough it was the smallest increase of all days on average.

NEM weekday performance

Historical performance on Sunday do not show an increase in value of the NEM on which a prediction can be made. The NEM increased in value on average on an average Sunday with 0.98%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Sunday is between -0.25% and 2.21% (see also the table below).

NEM increased in value on an average Monday only slightly. The average increase in value of the NEM was 0.09%. 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 (2.07%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -1.98% and 2.16%.

On an average Tuesday, the NEM increased 0.30%. However, since the expected deviation is 0.53%, the NEM will decline in value on a Tuesday quiet regularly. The expected price change of the NEM on a Tuesday is between -0.22% and 0.83%.

On an average Wednesday the NEM shows a high increase in value, namely 1.61%. The standard deviation is below the average increase percentage (standard deviation is 1.44%), meaning that on 68% of the Wednesdays the NEM will increase with a percentage between 0.17% and 3.05%. This also means that, on average, on 16 percent of the Wednesdays, the NEM will increase with a percentage above this range. On the other 16% of the Wednesdays, the NEM will change with a percentage below the 0.17%.

On an average Thursday the NEM shows an increase in value of 1.91%. However, the change of NEM on most of the Thursdays is between -0.04% and 3.87%. Therefore it is hard to tell whether an average Thursday is a good day to start buying NEMs.

The expected range of change of the NEM for an average Friday is between 0.12% and 1.61%. This is the result of an average increase in value of 0.87% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On an average Saturday, the NEM increased 0.40%. However, since the expected deviation is 1.03%, the NEM will decline in value on a Saturday quiet regularly. The expected price change of the NEM on a Saturday is between -0.63% and 1.44%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.98%1.23%-0.25% to 2.21%
Monday0.09%2.07%-1.98% to 2.16%
Tuesday0.30%0.53%-0.22% to 0.83%
Wednesday1.61%1.44%0.17% to 3.05%
Thursday1.91%1.96%-0.04% to 3.87%
Friday0.87%0.74%0.12% to 1.61%
Saturday0.40%1.03%-0.63% to 1.44%