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 June 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 06/09/2018 and 12/08/2018.
According to the performance of NEM between June 9th, 2018 and December 8th, 2018, NEM performed the best on Mondays. On average, the price of NEM increased 0.41% on Monday.
The weekday on which the NEM performed the worst, is Friday. On Fridays, the NEM declined in value on average by -1.21%.
NEM weekday performance
Allthough the NEM decreases in value with -0.43% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Sundays is 2.62%. This means that the expected change of the value of NEM is between -3.05% and 2.18% on 68 out of 100 Sundays.
On an average Monday, the NEM increased 0.41%. However, since the expected deviation is 2.10%, the NEM will decline in value on a Monday quiet regularly. The expected price change of the NEM on a Monday is between -1.68% and 2.51%.
NEM increased in value on an average Tuesday only slightly. The average increase in value of the NEM was 0.27%. 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 (3.58%). This means that on 68 percent of the Tuesdays, the change in price of the NEM is expected to be in the range of -3.32% and 3.85%.
NEM increased in value on an average Wednesday only slightly. The average increase in value of the NEM was 0.05%. 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 (2.45%). This means that on 68 percent of the Wednesdays, the change in price of the NEM is expected to be in the range of -2.40% and 2.50%.
On Thursdays, the NEM decreases in value on average with -0.75%. On most of the Thursdays the NEM decreases in value between -2.76% and 1.25%. The uncertainty (2.00%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the NEM on Thursdays is large.
The NEM declines in value on an average Friday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 5.25%. 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 increased 0.36%. However, since the expected deviation is 2.51%, the NEM will decline in value on a Saturday quiet regularly. The expected price change of the NEM on a Saturday is between -2.15% and 2.86%.
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 | -0.43% | 2.62% | -3.05% to 2.18% |
| Monday | 0.41% | 2.10% | -1.68% to 2.51% |
| Tuesday | 0.27% | 3.58% | -3.32% to 3.85% |
| Wednesday | 0.05% | 2.45% | -2.40% to 2.50% |
| Thursday | -0.75% | 2.00% | -2.76% to 1.25% |
| Friday | -1.21% | 5.25% | -6.46% to 4.03% |
| Saturday | 0.36% | 2.51% | -2.15% to 2.86% |