NEM (XEM)

Current price: $ 0.06

24 hours price change: $ -0.0042 (-6.67%)

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 April 24th, 2018 to April 23rd, 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 04/24/2018 and 04/23/2019.

According to the performance of NEM between April 24th, 2018 and April 23rd, 2019, NEM performed the best on Saturdays. On average, the price of NEM increased 0.75% on Saturday.

The weekday on which the NEM performed the worst, is Friday. On Fridays, the NEM declined in value on average by -0.75%.

NEM weekday performance

NEM increased in value on an average Sunday only slightly. The average increase in value of the NEM was 0.15%. 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 (2.33%). This means that on 68 percent of the Sundays, the change in price of the NEM is expected to be in the range of -2.18% and 2.48%.

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 -0.15%. However, the standard deviation on this weekday is 2.53%. This means that on most Mondays, the change in value of the NEM is between -2.69% and 2.38%.

On an average Tuesday, the NEM increased 0.38%. However, since the expected deviation is 3.05%, the NEM will decline in value on a Tuesday quiet regularly. The expected price change of the NEM on a Tuesday is between -2.67% and 3.42%.

Allthough the NEM decreases in value with -0.32% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 3.30%. This means that the expected change of the value of NEM is between -3.62% and 2.99% on 68 out of 100 Wednesdays.

NEM increased in value on an average Thursday only slightly. The average increase in value of the NEM was 0.11%. 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 (2.12%). This means that on 68 percent of the Thursdays, the change in price of the NEM is expected to be in the range of -2.01% and 2.23%.

On Fridays, the NEM decreases in value on average with -0.75%. On most of the Fridays the NEM decreases in value between -5.06% and 3.56%. The uncertainty (4.31%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the NEM on Fridays is large.

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 0.75%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Saturday is between -1.59% and 3.08% (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
Sunday0.15%2.33%-2.18% to 2.48%
Monday-0.15%2.53%-2.69% to 2.38%
Tuesday0.38%3.05%-2.67% to 3.42%
Wednesday-0.32%3.30%-3.62% to 2.99%
Thursday0.11%2.12%-2.01% to 2.23%
Friday-0.75%4.31%-5.06% to 3.56%
Saturday0.75%2.33%-1.59% to 3.08%