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 July 24th, 2020 to January 17th, 2021.
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 07/24/2020 and 01/17/2021.
According to the performance of NEM between July 24th, 2020 and January 17th, 2021, NEM performed the best on Fridays. On average, the price of NEM increased 0.76% on Friday.
The weekday on which the NEM performed the worst, is Saturday. On Saturdays, the NEM declined in value on average by -0.22%.
NEM weekday performance
NEM increased in value on an average Sunday only slightly. The average increase in value of the NEM was 0.22%. 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 (1.51%). This means that on 68 percent of the Sundays, the change in price of the NEM is expected to be in the range of -1.29% and 1.73%.
On an average Monday, the NEM increased 0.55%. However, since the expected deviation is 2.00%, the NEM will decline in value on a Monday quiet regularly. The expected price change of the NEM on a Monday is between -1.45% and 2.55%.
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 0.64%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Tuesday is between -2.85% and 4.13% (see also the table below).
On an average Wednesday, the NEM increased 0.33%. However, since the expected deviation is 1.85%, the NEM will decline in value on a Wednesday quiet regularly. The expected price change of the NEM on a Wednesday is between -1.52% and 2.18%.
On an average Thursday, the NEM increased 0.36%. However, since the expected deviation is 1.56%, the NEM will decline in value on a Thursday quiet regularly. The expected price change of the NEM on a Thursday is between -1.20% and 1.92%.
Historical performance on Friday 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 Friday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Friday is between -1.82% and 3.33% (see also the table below).
It is hard to tell whether the NEM will increase or decrease in value on an average Saturday. The average change on a Saturday for the NEM is -0.22%. However, the standard deviation on this weekday is 1.28%. This means that on most Saturdays, the change in value of the NEM is between -1.50% and 1.06%.
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 | 0.22% | 1.51% | -1.29% to 1.73% |
| Monday | 0.55% | 2.00% | -1.45% to 2.55% |
| Tuesday | 0.64% | 3.49% | -2.85% to 4.13% |
| Wednesday | 0.33% | 1.85% | -1.52% to 2.18% |
| Thursday | 0.36% | 1.56% | -1.20% to 1.92% |
| Friday | 0.76% | 2.57% | -1.82% to 3.33% |
| Saturday | -0.22% | 1.28% | -1.50% to 1.06% |