NEM (XEM)

Current price: $ 0.07

24 hours price change: $ 0.0048 (7.62%)

Daily analysis of NEM (XEM) - 2 years

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 2 years, starting on June 1st, 2017 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 06/01/2017 and 12/18/2018.

According to the performance of NEM between June 1st, 2017 and December 18th, 2018, NEM performed the best on Thursdays. On average, the price of NEM increased 1.65% on Thursday.

The weekday on which the NEM performed the worst, is Friday. On Fridays, the NEM declined in value on average by -1.44%.

NEM weekday performance

On an average Sunday the NEM shows an increase in value of 1.06%. However, the change of NEM on most of the Sundays is between -6.76% and 8.88%. Therefore it is hard to tell whether an average Sunday is a good day to start buying NEMs.

NEM increased in value on an average Monday 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 (5.01%). This means that on 68 percent of the Mondays, the change in price of the NEM is expected to be in the range of -4.74% and 5.27%.

On an average Tuesday, the NEM increased 0.31%. However, since the expected deviation is 8.41%, the NEM will decline in value on a Tuesday quiet regularly. The expected price change of the NEM on a Tuesday is between -8.10% and 8.72%.

Allthough the NEM decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 6.55%. This means that the expected change of the value of NEM is between -6.86% and 6.24% on 68 out of 100 Wednesdays.

On an average Thursday the NEM shows an increase in value of 1.65%. However, the change of NEM on most of the Thursdays is between -13.26% and 16.55%. Therefore it is hard to tell whether an average Thursday is a good day to start buying NEMs.

The NEM declines in value on an average Friday with -1.44%. However, the uncertainty (or standard deviation) is quite large, namely 7.66%. This means that it is not possible to say whether on a regular Friday the NEM will increase or decrease in value.

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 0.98%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Saturday is between -4.59% and 6.54% (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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday1.06%7.82%-6.76% to 8.88%
Monday0.27%5.01%-4.74% to 5.27%
Tuesday0.31%8.41%-8.10% to 8.72%
Wednesday-0.31%6.55%-6.86% to 6.24%
Thursday1.65%14.91%-13.26% to 16.55%
Friday-1.44%7.66%-9.09% to 6.22%
Saturday0.98%5.57%-4.59% to 6.54%