Nexo (NEXO)

Current price: $ 0.15

24 hours price change: $ -0.007355 (-4.77%)

Daily analysis of Nexo (NEXO) - 1 month

The performance of Nexo regarding the price differs every day. To make the best decision to buy Nexo, we are analysis in this article the performance of Nexo on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on September 24th, 2020 to October 23rd, 2020.

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

Average daily change in price of Nexo per weekday between 09/24/2020 and 10/23/2020.

According to the performance of Nexo between September 24th, 2020 and October 23rd, 2020, Nexo performed the best on Saturdays. On average, the price of Nexo increased 1.60% on Saturday.

The weekday on which the Nexo performed the worst, is Thursday. On Thursdays, the Nexo declined in value on average by -0.07%.

Nexo weekday performance

It is hard to tell whether the Nexo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Nexo is -0.06%. However, the standard deviation on this weekday is 0.22%. This means that on most Sundays, the change in value of the Nexo is between -0.28% and 0.17%.

Historical performance on Monday do not show an increase in value of the Nexo on which a prediction can be made. The Nexo increased in value on average on an average Monday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Monday is between -0.36% and 1.68% (see also the table below).

The Nexo will almost not change or only slightly increase in value on an average Tuesday. The average change of the Nexo on Tuesdays is 0.07%. The standard deviation of the Nexo is 0.05%, which means that in 68% of the Tuesdays, the range of the change of the Nexo is 0.02% and 0.13%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Nexo will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Nexo is -0.01%. However, the standard deviation on this weekday is 0.18%. This means that on most Wednesdays, the change in value of the Nexo is between -0.19% and 0.17%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Thursday. The average change on a Thursday for the Nexo is -0.07%. However, the standard deviation on this weekday is 0.08%. This means that on most Thursdays, the change in value of the Nexo is between -0.15% and 0.01%.

The Nexo will almost not change or only slightly increase in value on an average Friday. The average change of the Nexo on Fridays is 0.14%. The standard deviation of the Nexo is 0.11%, which means that in 68% of the Fridays, the range of the change of the Nexo is 0.03% and 0.25%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

On an average Saturday the Nexo shows an increase in value of 1.60%. However, the change of Nexo on most of the Saturdays is between -1.12% and 4.32%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Nexos.

Nexo weekday performance details

Find below the details of the performance of Nexo 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 -0.06% 0.22% -0.28% to 0.17%
Monday 0.66% 1.02% -0.36% to 1.68%
Tuesday 0.07% 0.05% 0.02% to 0.13%
Wednesday -0.01% 0.18% -0.19% to 0.17%
Thursday -0.07% 0.08% -0.15% to 0.01%
Friday 0.14% 0.11% 0.03% to 0.25%
Saturday 1.60% 2.72% -1.12% to 4.32%
 

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