Nexo (NEXO)

Current price: $ 0.66

24 hours price change: $ -0.04 (-5.29%)

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 November 6th, 2022 to December 6th, 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 11/06/2022 and 12/06/2022.

According to the performance of Nexo between November 6th, 2022 and December 6th, 2022, Nexo performed the best on Thursdays. On average, the price of Nexo increased 1.24% on Thursday.

The weekday on which the Nexo performed the worst, is Monday. On Mondays, the Nexo declined in value on average by -0.34%.

Nexo weekday performance

On an average Sunday the Nexo shows a high increase in value, namely 1.24%. The standard deviation is below the average increase percentage (standard deviation is 0.93%), meaning that on 68% of the Sundays the Nexo will increase with a percentage between 0.31% and 2.17%. This also means that, on average, on 16 percent of the Sundays, the Nexo will increase with a percentage above this range. On the other 16% of the Sundays, the Nexo will change with a percentage below the 0.31%.

Allthough the Nexo decreases in value with -0.34% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Mondays is 1.04%. This means that the expected change of the value of Nexo is between -1.38% and 0.71% on 68 out of 100 Mondays.

Nexo increased in value on an average Tuesday only slightly. The average increase in value of the Nexo was 0.17%. 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 (0.70%). This means that on 68 percent of the Tuesdays, the change in price of the Nexo is expected to be in the range of -0.53% and 0.88%.

Historical performance on Wednesday 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 Wednesday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Wednesday is between -0.50% and 1.97% (see also the table below).

On an average Thursday the Nexo shows an increase in value of 1.24%. However, the change of Nexo on most of the Thursdays is between -1.17% and 3.66%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Nexos.

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 -0.14%. However, the standard deviation on this weekday is 0.66%. This means that on most Fridays, the change in value of the Nexo is between -0.80% and 0.52%.

On an average Saturday, the Nexo increased 0.42%. However, since the expected deviation is 0.61%, the Nexo will decline in value on a Saturday quiet regularly. The expected price change of the Nexo on a Saturday is between -0.19% and 1.02%.

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 1.24% 0.93% 0.31% to 2.17%
Monday -0.34% 1.04% -1.38% to 0.71%
Tuesday 0.17% 0.70% -0.53% to 0.88%
Wednesday 0.73% 1.24% -0.50% to 1.97%
Thursday 1.24% 2.42% -1.17% to 3.66%
Friday -0.14% 0.66% -0.80% to 0.52%
Saturday 0.42% 0.61% -0.19% to 1.02%
 

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