Nexo (NEXO)

Current price: $ 0.09

24 hours price change: $ -0.000149 (-0.17%)

Daily analysis of Nexo (NEXO) - 1 year

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 year, starting on October 23rd, 2018 to October 22nd, 2019.

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 10/23/2018 and 10/22/2019.

According to the performance of Nexo between October 23rd, 2018 and October 22nd, 2019, Nexo performed the best on Tuesdays. On average, the price of Nexo increased 2.06% on Tuesday.

The weekday on which the Nexo performed the worst, is Wednesday. On Wednesdays, the Nexo declined in value on average by -2.00%.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.06%. 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 (8.19%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of -8.13% and 8.25%.

Allthough the Nexo decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Mondays is 5.63%. This means that the expected change of the value of Nexo is between -6.10% and 5.15% on 68 out of 100 Mondays.

On an average Tuesday the Nexo shows an increase in value of 2.06%. However, the change of Nexo on most of the Tuesdays is between -7.76% and 11.87%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Nexos.

The Nexo declines in value on an average Wednesday with -2.00%. However, the uncertainty (or standard deviation) is quite large, namely 6.37%. This means that it is not possible to say whether on a regular Wednesday the Nexo will increase or decrease in value.

On an average Thursday, the Nexo increased 0.46%. However, since the expected deviation is 4.94%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -4.47% and 5.40%.

Nexo increased in value on an average Friday only slightly. The average increase in value of the Nexo was 0.18%. 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 (3.76%). This means that on 68 percent of the Fridays, the change in price of the Nexo is expected to be in the range of -3.58% and 3.94%.

Nexo increased in value on an average Saturday only slightly. The average increase in value of the Nexo was 0.20%. 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 (5.07%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -4.87% and 5.27%.

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% 8.19% -8.13% to 8.25%
Monday -0.48% 5.63% -6.10% to 5.15%
Tuesday 2.06% 9.81% -7.76% to 11.87%
Wednesday -2.00% 6.37% -8.36% to 4.37%
Thursday 0.46% 4.94% -4.47% to 5.40%
Friday 0.18% 3.76% -3.58% to 3.94%
Saturday 0.20% 5.07% -4.87% to 5.27%