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 6 months, starting on November 19th, 2018 to May 19th, 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 11/19/2018 and 05/19/2019.
According to the performance of NEM between November 19th, 2018 and May 19th, 2019, NEM performed the best on Sundays. On average, the price of NEM increased 0.71% on Sunday.
The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM rose in value on average by 0.11%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.
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 0.71%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Sunday is between -0.50% and 1.91% (see also the table below).
NEM increased in value on an average Monday only slightly. The average increase in value of the NEM was 0.20%. 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 (1.20%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -1.01% and 1.40%.
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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Tuesday is between -0.97% and 2.22% (see also the table below).
NEM increased in value on an average Wednesday 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 (2.74%). This means that on 68 percent of the Wednesdays, the change in price of the NEM is expected to be in the range of -2.63% and 2.85%.
On an average Thursday, the NEM increased 0.41%. However, since the expected deviation is 1.80%, the NEM will decline in value on a Thursday quiet regularly. The expected price change of the NEM on a Thursday is between -1.39% and 2.21%.
On an average Friday, the NEM increased 0.56%. However, since the expected deviation is 1.23%, the NEM will decline in value on a Friday quiet regularly. The expected price change of the NEM on a Friday is between -0.68% and 1.79%.
On an average Saturday, the NEM increased 0.54%. However, since the expected deviation is 1.84%, the NEM will decline in value on a Saturday quiet regularly. The expected price change of the NEM on a Saturday is between -1.30% and 2.38%.
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 | 0.71% | 1.21% | -0.50% to 1.91% |
| Monday | 0.20% | 1.20% | -1.01% to 1.40% |
| Tuesday | 0.62% | 1.60% | -0.97% to 2.22% |
| Wednesday | 0.11% | 2.74% | -2.63% to 2.85% |
| Thursday | 0.41% | 1.80% | -1.39% to 2.21% |
| Friday | 0.56% | 1.23% | -0.68% to 1.79% |
| Saturday | 0.54% | 1.84% | -1.30% to 2.38% |