NEM (XEM)

Current price: $ 0.04

24 hours price change: $ 0.000500 (1.29%)

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 October 29th, 2022 to January 29th, 2023.

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 10/29/2022 and 01/29/2023.

According to the performance of NEM between October 29th, 2022 and January 29th, 2023, NEM performed the best on Thursdays. On average, the price of NEM increased 1.10% on Thursday.

The weekday on which the NEM performed the worst, is Tuesday. On Tuesdays, the NEM declined in value on average by -0.19%.

NEM weekday performance

On an average Sunday, the NEM increased 0.37%. However, since the expected deviation is 0.97%, the NEM will decline in value on a Sunday quiet regularly. The expected price change of the NEM on a Sunday is between -0.60% and 1.34%.

NEM increased in value on an average Monday only slightly. The average increase in value of the NEM was 0.04%. 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 (0.88%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -0.84% and 0.92%.

It is hard to tell whether the NEM will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the NEM is -0.19%. However, the standard deviation on this weekday is 1.02%. This means that on most Tuesdays, the change in value of the NEM is between -1.21% and 0.83%.

NEM increased in value on an average Wednesday only slightly. The average increase in value of the NEM was 0.18%. 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 (0.93%). This means that on 68 percent of the Wednesdays, the change in price of the NEM is expected to be in the range of -0.76% and 1.11%.

On an average Thursday the NEM shows an increase in value of 1.10%. However, the change of NEM on most of the Thursdays is between -0.67% and 2.87%. Therefore it is hard to tell whether an average Thursday is a good day to start buying NEMs.

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 (1.01%). This means that on 68 percent of the Fridays, the change in price of the NEM is expected to be in the range of -0.77% and 1.26%.

Historical performance on Saturday 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 Saturday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Saturday is between -0.43% and 1.66% (see also the table below).

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 0.37% 0.97% -0.60% to 1.34%
Monday 0.04% 0.88% -0.84% to 0.92%
Tuesday -0.19% 1.02% -1.21% to 0.83%
Wednesday 0.18% 0.93% -0.76% to 1.11%
Thursday 1.10% 1.77% -0.67% to 2.87%
Friday 0.25% 1.01% -0.77% to 1.26%
Saturday 0.61% 1.04% -0.43% to 1.66%
 

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