NEM (XEM)

Current price: $ 0.07

24 hours price change: $ -0.000623 (-0.93%)

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 June 21st, 2019 to July 20th, 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 06/21/2019 and 07/20/2019.

According to the performance of NEM between June 21st, 2019 and July 20th, 2019, NEM performed the best on Thursdays. On average, the price of NEM increased 0.34% on Thursday.

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

NEM weekday performance

The NEM will almost not change or only slightly increase in value on an average Sunday. The average change of the NEM on Sundays is 0.29%. The standard deviation of the NEM is 0.27%, which means that in 68% of the Sundays, the range of the change of the NEM is 0.01% and 0.56%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The NEM will almost not change or only slightly increase in value on an average Monday. The average change of the NEM on Mondays is 0.27%. The standard deviation of the NEM is 0.25%, which means that in 68% of the Mondays, the range of the change of the NEM is 0.02% and 0.51%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The NEM will almost not change or only slightly increase in value on an average Tuesday. The average change of the NEM on Tuesdays is 0.25%. The standard deviation of the NEM is 0.12%, which means that in 68% of the Tuesdays, the range of the change of the NEM is 0.14% and 0.37%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

NEM increased in value on an average Wednesday only slightly. The average increase in value of the NEM was 0.19%. 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 (0.22%). This means that on 68 percent of the Wednesdays, the change in price of the NEM is expected to be in the range of -0.03% and 0.40%.

On an average Thursday, the NEM increased 0.34%. However, since the expected deviation is 0.54%, the NEM will decline in value on a Thursday quiet regularly. The expected price change of the NEM on a Thursday is between -0.19% and 0.88%.

The NEM will almost not change or only slightly increase in value on an average Friday. The average change of the NEM on Fridays is 0.20%. The standard deviation of the NEM is 0.18%, which means that in 68% of the Fridays, the range of the change of the NEM is 0.01% and 0.38%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the NEM will increase or decrease in value on an average Saturday. The average change on a Saturday for the NEM is -0.09%. However, the standard deviation on this weekday is 0.24%. This means that on most Saturdays, the change in value of the NEM is between -0.33% and 0.14%.

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
Sunday0.29%0.27%0.01% to 0.56%
Monday0.27%0.25%0.02% to 0.51%
Tuesday0.25%0.12%0.14% to 0.37%
Wednesday0.19%0.22%-0.03% to 0.40%
Thursday0.34%0.54%-0.19% to 0.88%
Friday0.20%0.18%0.01% to 0.38%
Saturday-0.09%0.24%-0.33% to 0.14%