NEM (XEM)

Current price: $ 0.16

24 hours price change: $ 0.003700 (2.39%)

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 May 13th, 2021 to June 12th, 2021.

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 05/13/2021 and 06/12/2021.

According to the performance of NEM between May 13th, 2021 and June 12th, 2021, NEM performed the best on Saturdays. On average, the price of NEM increased 1.13% on Saturday.

The weekday on which the NEM performed the worst, is Thursday. On Thursdays, the NEM declined in value on average by -1.90%.

NEM weekday performance

Allthough the NEM decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Sundays is 1.94%. This means that the expected change of the value of NEM is between -2.44% and 1.44% on 68 out of 100 Sundays.

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 (0.57%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -0.48% and 0.66%.

On an average Tuesday, the NEM increased 0.59%. However, since the expected deviation is 1.14%, the NEM will decline in value on a Tuesday quiet regularly. The expected price change of the NEM on a Tuesday is between -0.55% and 1.73%.

On Wednesdays, the NEM decreases in value on average with -0.88%. On most of the Wednesdays the NEM decreases in value between -1.25% and -0.50%. The uncertainty (0.37%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the NEM on Wednesdays is large.

The NEM declines in value on an average Thursday with -1.90%. However, the uncertainty (or standard deviation) is quite large, namely 3.11%. This means that it is not possible to say whether on a regular Thursday the NEM will increase or decrease in value.

NEM increased in value on an average Friday only slightly. The average increase in value of the NEM was 0.28%. 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 (3.23%). This means that on 68 percent of the Fridays, the change in price of the NEM is expected to be in the range of -2.95% and 3.51%.

On an average Saturday the NEM shows an increase in value of 1.13%. However, the change of NEM on most of the Saturdays is between -1.05% and 3.30%. Therefore it is hard to tell whether an average Saturday is a good day to start buying NEMs.

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 -0.50% 1.94% -2.44% to 1.44%
Monday 0.09% 0.57% -0.48% to 0.66%
Tuesday 0.59% 1.14% -0.55% to 1.73%
Wednesday -0.88% 0.37% -1.25% to -0.50%
Thursday -1.90% 3.11% -5.01% to 1.21%
Friday 0.28% 3.23% -2.95% to 3.51%
Saturday 1.13% 2.18% -1.05% to 3.30%
 

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