NEM (XEM)

Current price: $ 0.07

24 hours price change: $ 0.0055 (8.61%)

Daily analysis of NEM (XEM) - 3 months

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 3 months, starting on September 19th, 2018 to December 18th, 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 09/19/2018 and 12/18/2018.

According to the performance of NEM between September 19th, 2018 and December 18th, 2018, NEM performed the best on Fridays. On average, the price of NEM increased 1.31% on Friday.

The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM rose in value on average by 0.07%. The price still increased on Wednesdays, allthough it was the smallest increase of all days on average.

NEM weekday performance

NEM increased in value on an average Sunday only slightly. The average increase in value of the NEM was 0.24%. 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 (1.43%). This means that on 68 percent of the Sundays, the change in price of the NEM is expected to be in the range of -1.19% and 1.67%.

On an average Monday, the NEM increased 0.41%. However, since the expected deviation is 1.03%, the NEM will decline in value on a Monday quiet regularly. The expected price change of the NEM on a Monday is between -0.61% and 1.44%.

On an average Tuesday, the NEM increased 0.38%. However, since the expected deviation is 1.82%, the NEM will decline in value on a Tuesday quiet regularly. The expected price change of the NEM on a Tuesday is between -1.44% and 2.20%.

NEM increased in value on an average Wednesday only slightly. The average increase in value of the NEM was 0.07%. 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 (2.14%). This means that on 68 percent of the Wednesdays, the change in price of the NEM is expected to be in the range of -2.07% and 2.21%.

NEM increased in value on an average Thursday only slightly. The average increase in value of the NEM was 0.17%. 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 (1.57%). This means that on 68 percent of the Thursdays, the change in price of the NEM is expected to be in the range of -1.41% and 1.74%.

On an average Friday the NEM shows an increase in value of 1.31%. However, the change of NEM on most of the Fridays is between -0.31% and 2.92%. Therefore it is hard to tell whether an average Friday is a good day to start buying NEMs.

On an average Saturday, the NEM increased 0.36%. However, since the expected deviation is 1.15%, the NEM will decline in value on a Saturday quiet regularly. The expected price change of the NEM on a Saturday is between -0.79% and 1.50%.

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
Sunday0.24%1.43%-1.19% to 1.67%
Monday0.41%1.03%-0.61% to 1.44%
Tuesday0.38%1.82%-1.44% to 2.20%
Wednesday0.07%2.14%-2.07% to 2.21%
Thursday0.17%1.57%-1.41% to 1.74%
Friday1.31%1.61%-0.31% to 2.92%
Saturday0.36%1.15%-0.79% to 1.50%