Nexo (NEXO)

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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 May 28th, 2022 to June 28th, 2022.

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 05/28/2022 and 06/28/2022.

According to the performance of Nexo between May 28th, 2022 and June 28th, 2022, Nexo performed the best on Mondays. On average, the price of Nexo increased 0.08% on Monday.

The weekday on which the Nexo performed the worst, is Tuesday. On Tuesdays, the Nexo declined in value on average by -0.10%.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.04%. Allthough the Nexo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.04%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of 0.00% and 0.08%.

Nexo increased in value on an average Monday only slightly. The average increase in value of the Nexo was 0.08%. Allthough the Nexo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.15%). This means that on 68 percent of the Mondays, the change in price of the Nexo is expected to be in the range of -0.07% and 0.23%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Nexo is -0.10%. However, the standard deviation on this weekday is 0.09%. This means that on most Tuesdays, the change in value of the Nexo is between -0.19% and -0.01%.

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 -0.03%. However, the standard deviation on this weekday is 0.03%. This means that on most Wednesdays, the change in value of the Nexo is between -0.06% and 0.00%.

The Nexo will almost not change or only slightly increase in value on an average Thursday. The average change of the Nexo on Thursdays is 0.07%. The standard deviation of the Nexo is 0.05%, which means that in 68% of the Thursdays, 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 Friday. The average change on a Friday for the Nexo is -0.03%. However, the standard deviation on this weekday is 0.16%. This means that on most Fridays, the change in value of the Nexo is between -0.19% and 0.13%.

Nexo increased in value on an average Saturday only slightly. The average increase in value of the Nexo was 0.07%. Allthough the Nexo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.15%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -0.08% and 0.22%.

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 0.04% 0.04% 0.00% to 0.08%
Monday 0.08% 0.15% -0.07% to 0.23%
Tuesday -0.10% 0.09% -0.19% to -0.01%
Wednesday -0.03% 0.03% -0.06% to 0.00%
Thursday 0.07% 0.05% 0.02% to 0.13%
Friday -0.03% 0.16% -0.19% to 0.13%
Saturday 0.07% 0.15% -0.08% to 0.22%
 

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