NEO (NEO)

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Daily analysis of NEO (NEO) - 1 month

The performance of NEO regarding the price differs every day. To make the best decision to buy NEO, we are analysis in this article the performance of NEO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 20th, 2024 to May 17th, 2024.

In the barchart below, the weekdays and average performance of NEO are shown side by side.

Average daily change in price of NEO per weekday between 04/20/2024 and 05/17/2024.

According to the performance of NEO between April 20th, 2024 and May 17th, 2024, NEO performed the best on Mondays. On average, the price of NEO increased 1.71% on Monday.

The weekday on which the NEO performed the worst, is Tuesday. On Tuesdays, the NEO declined in value on average by -2.69%.

NEO weekday performance

On an average Sunday, the NEO increased 0.57%. However, since the expected deviation is 0.76%, the NEO will decline in value on a Sunday quiet regularly. The expected price change of the NEO on a Sunday is between -0.19% and 1.33%.

On an average Monday the NEO shows an increase in value of 1.71%. However, the change of NEO on most of the Mondays is between -0.61% and 4.03%. Therefore it is hard to tell whether an average Monday is a good day to start buying NEOs.

The NEO declines in value on an average Tuesday with -2.69%. However, the uncertainty (or standard deviation) is quite large, namely 4.90%. This means that it is not possible to say whether on a regular Tuesday the NEO will increase or decrease in value.

NEO increased in value on an average Wednesday only slightly. The average increase in value of the NEO was 0.04%. Allthough the NEO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.11%). This means that on 68 percent of the Wednesdays, the change in price of the NEO is expected to be in the range of -0.07% and 0.14%.

It is hard to tell whether the NEO will increase or decrease in value on an average Thursday. The average change on a Thursday for the NEO is -0.11%. However, the standard deviation on this weekday is 0.15%. This means that on most Thursdays, the change in value of the NEO is between -0.26% and 0.04%.

Historical performance on Friday do not show an increase in value of the NEO on which a prediction can be made. The NEO increased in value on average on an average Friday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the NEO on a Friday is between -0.82% and 2.44% (see also the table below).

The NEO declines in value on an average Saturday with -1.28%. However, the uncertainty (or standard deviation) is quite large, namely 1.19%. This means that it is not possible to say whether on a regular Saturday the NEO will increase or decrease in value.

NEO weekday performance details

Find below the details of the performance of NEO 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 0.57% 0.76% -0.19% to 1.33%
Monday 1.71% 2.32% -0.61% to 4.03%
Tuesday -2.69% 4.90% -7.59% to 2.22%
Wednesday 0.04% 0.11% -0.07% to 0.14%
Thursday -0.11% 0.15% -0.26% to 0.04%
Friday 0.81% 1.63% -0.82% to 2.44%
Saturday -1.28% 1.19% -2.48% to -0.09%
 

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