Nexo (NEXO)

Current price: $ 1.19

24 hours price change: $ 0.03 (2.81%)

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 January 26th, 2024 to February 26th, 2024.

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 01/26/2024 and 02/26/2024.

According to the performance of Nexo between January 26th, 2024 and February 26th, 2024, Nexo performed the best on Mondays. On average, the price of Nexo increased 0.53% on Monday.

The weekday on which the Nexo performed the worst, is Wednesday. On Wednesdays, the Nexo declined in value on average by -0.45%.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.03%. 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 (0.38%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of -0.34% and 0.41%.

On an average Monday, the Nexo increased 0.53%. However, since the expected deviation is 1.21%, the Nexo will decline in value on a Monday quiet regularly. The expected price change of the Nexo on a Monday is between -0.68% and 1.73%.

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 -0.08%. However, the standard deviation on this weekday is 0.73%. This means that on most Tuesdays, the change in value of the Nexo is between -0.81% and 0.65%.

Allthough the Nexo decreases in value with -0.45% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Wednesdays is 0.85%. This means that the expected change of the value of Nexo is between -1.30% and 0.40% on 68 out of 100 Wednesdays.

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 -0.15%. However, the standard deviation on this weekday is 0.68%. This means that on most Thursdays, the change in value of the Nexo is between -0.83% and 0.54%.

Nexo increased in value on an average Friday only slightly. The average increase in value of the Nexo was 0.28%. 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 (0.37%). This means that on 68 percent of the Fridays, the change in price of the Nexo is expected to be in the range of -0.09% and 0.65%.

On an average Saturday, the Nexo increased 0.50%. However, since the expected deviation is 0.71%, the Nexo will decline in value on a Saturday quiet regularly. The expected price change of the Nexo on a Saturday is between -0.21% and 1.21%.

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 0.03% 0.38% -0.34% to 0.41%
Monday 0.53% 1.21% -0.68% to 1.73%
Tuesday -0.08% 0.73% -0.81% to 0.65%
Wednesday -0.45% 0.85% -1.30% to 0.40%
Thursday -0.15% 0.68% -0.83% to 0.54%
Friday 0.28% 0.37% -0.09% to 0.65%
Saturday 0.50% 0.71% -0.21% to 1.21%
 

About Us

: Financial indicators for cryptocurrencies