NEM (XEM)

Current price: $ 0.07

24 hours price change: $ 0.0016 (2.49%)

Daily analysis of NEM (XEM) - 1 year

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 year, starting on December 18th, 2017 to December 17th, 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 12/18/2017 and 12/17/2018.

According to the performance of NEM between December 18th, 2017 and December 17th, 2018, NEM performed the best on Saturdays. On average, the price of NEM increased 1.46% on Saturday.

The weekday on which the NEM performed the worst, is Friday. On Fridays, the NEM declined in value on average by -1.78%.

NEM weekday performance

On Sundays, the NEM decreases in value on average with -0.90%. On most of the Sundays the NEM decreases in value between -4.90% and 3.11%. The uncertainty (4.00%) is higher than the average decline percentage (-0.90%). Therefore, expected range of price changes of the NEM on Sundays is large.

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 -0.12%. However, the standard deviation on this weekday is 4.98%. This means that on most Mondays, the change in value of the NEM is between -5.09% and 4.86%.

Historical performance on Tuesday 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 Tuesday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Tuesday is between -8.58% and 9.94% (see also the table below).

Allthough the NEM decreases in value with -0.42% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 4.45%. This means that the expected change of the value of NEM is between -4.87% and 4.03% on 68 out of 100 Wednesdays.

It is hard to tell whether the NEM will increase or decrease in value on an average Thursday. The average change on a Thursday for the NEM is 0.00%. However, the standard deviation on this weekday is 5.86%. This means that on most Thursdays, the change in value of the NEM is between -5.87% and 5.86%.

The NEM declines in value on an average Friday with -1.78%. However, the uncertainty (or standard deviation) is quite large, namely 6.64%. This means that it is not possible to say whether on a regular Friday the NEM will increase or decrease in value.

On an average Saturday the NEM shows an increase in value of 1.46%. However, the change of NEM on most of the Saturdays is between -3.49% and 6.41%. 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.90%4.00%-4.90% to 3.11%
Monday-0.12%4.98%-5.09% to 4.86%
Tuesday0.68%9.26%-8.58% to 9.94%
Wednesday-0.42%4.45%-4.87% to 4.03%
Thursday0.00%5.86%-5.87% to 5.86%
Friday-1.78%6.64%-8.42% to 4.87%
Saturday1.46%4.95%-3.49% to 6.41%