NEM (XEM)

Current price: $ 0.07

24 hours price change: $ 0.0008 (1.07%)

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, 2018 to December 8th, 2018.

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 11/09/2018 and 12/08/2018.

According to the performance of NEM between November 9th, 2018 and December 8th, 2018, NEM performed the best on Fridays. On average, the price of NEM increased 1.60% on Friday.

The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM declined in value on average by -0.52%.

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 0.60%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Sunday is between -1.07% and 2.28% (see also the table below).

It is hard to tell whether the NEM will increase or decrease in value on an average Monday. The average change on a Monday for the NEM is -0.06%. However, the standard deviation on this weekday is 0.87%. This means that on most Mondays, the change in value of the NEM is between -0.94% and 0.81%.

NEM increased in value on an average Tuesday only slightly. The average increase in value of the NEM was 0.06%. 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 (2.94%). This means that on 68 percent of the Tuesdays, the change in price of the NEM is expected to be in the range of -2.88% and 2.99%.

Allthough the NEM decreases in value with -0.52% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 2.18%. This means that the expected change of the value of NEM is between -2.70% and 1.66% on 68 out of 100 Wednesdays.

Allthough the NEM decreases in value with -0.33% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Thursdays is 1.24%. This means that the expected change of the value of NEM is between -1.57% and 0.91% on 68 out of 100 Thursdays.

On an average Friday the NEM shows a high increase in value, namely 1.60%. The standard deviation is below the average increase percentage (standard deviation is 0.97%), meaning that on 68% of the Fridays the NEM will increase with a percentage between 0.63% and 2.56%. This also means that, on average, on 16 percent of the Fridays, the NEM will increase with a percentage above this range. On the other 16% of the Fridays, the NEM will change with a percentage below the 0.63%.

Historical performance on Saturday 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 Saturday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Saturday is between -0.56% and 2.48% (see also the table below).

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
Sunday0.60%1.67%-1.07% to 2.28%
Monday-0.06%0.87%-0.94% to 0.81%
Tuesday0.06%2.94%-2.88% to 2.99%
Wednesday-0.52%2.18%-2.70% to 1.66%
Thursday-0.33%1.24%-1.57% to 0.91%
Friday1.60%0.97%0.63% to 2.56%
Saturday0.96%1.52%-0.56% to 2.48%