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 January 15th, 2019 to July 14th, 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 01/15/2019 and 07/14/2019.
According to the performance of NEM between January 15th, 2019 and July 14th, 2019, NEM performed the best on Wednesdays. On average, the price of NEM increased 0.37% on Wednesday.
The weekday on which the NEM performed the worst, is Monday. On Mondays, the NEM rose in value on average by 0.11%. The price still increased on Mondays, allthough it was the smallest increase of all days on average.
NEM weekday performance
On an average Sunday, the NEM increased 0.30%. However, since the expected deviation is 0.77%, the NEM will decline in value on a Sunday quiet regularly. The expected price change of the NEM on a Sunday is between -0.47% and 1.07%.
NEM increased in value on an average Monday 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 (1.03%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -0.93% and 1.14%.
NEM increased in value on an average Tuesday only slightly. The average increase in value of the NEM was 0.14%. 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 (0.60%). This means that on 68 percent of the Tuesdays, the change in price of the NEM is expected to be in the range of -0.46% and 0.73%.
On an average Wednesday, the NEM increased 0.37%. However, since the expected deviation is 1.01%, the NEM will decline in value on a Wednesday quiet regularly. The expected price change of the NEM on a Wednesday is between -0.64% and 1.37%.
On an average Thursday, the NEM increased 0.30%. However, since the expected deviation is 1.38%, the NEM will decline in value on a Thursday quiet regularly. The expected price change of the NEM on a Thursday is between -1.08% and 1.68%.
NEM increased in value on an average Friday only slightly. The average increase in value of the NEM was 0.25%. 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 (0.86%). This means that on 68 percent of the Fridays, the change in price of the NEM is expected to be in the range of -0.62% and 1.11%.
NEM increased in value on an average Saturday only slightly. The average increase in value of the NEM was 0.19%. 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 (1.61%). This means that on 68 percent of the Saturdays, the change in price of the NEM is expected to be in the range of -1.42% and 1.80%.
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 | 0.30% | 0.77% | -0.47% to 1.07% |
| Monday | 0.11% | 1.03% | -0.93% to 1.14% |
| Tuesday | 0.14% | 0.60% | -0.46% to 0.73% |
| Wednesday | 0.37% | 1.01% | -0.64% to 1.37% |
| Thursday | 0.30% | 1.38% | -1.08% to 1.68% |
| Friday | 0.25% | 0.86% | -0.62% to 1.11% |
| Saturday | 0.19% | 1.61% | -1.42% to 1.80% |