Nexo (NEXO)

Current price: $ 1.33

24 hours price change: $ 0.000266 (0.02%)

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 May 23rd, 2021 to May 23rd, 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 05/23/2021 and 05/23/2022.

According to the performance of Nexo between May 23rd, 2021 and May 23rd, 2022, Nexo performed the best on Wednesdays. On average, the price of Nexo increased 0.80% on Wednesday.

The weekday on which the Nexo performed the worst, is Friday. On Fridays, the Nexo declined in value on average by -0.61%.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.13%. 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 (1.82%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of -1.69% and 1.95%.

Nexo increased in value on an average Monday 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 (1.86%). This means that on 68 percent of the Mondays, the change in price of the Nexo is expected to be in the range of -1.66% and 2.07%.

Nexo increased in value on an average Tuesday only slightly. The average increase in value of the Nexo was 0.23%. 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 (1.45%). This means that on 68 percent of the Tuesdays, the change in price of the Nexo is expected to be in the range of -1.22% and 1.67%.

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 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Wednesday is between -3.24% and 4.84% (see also the table below).

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 -0.09%. However, the standard deviation on this weekday is 2.84%. This means that on most Thursdays, the change in value of the Nexo is between -2.93% and 2.75%.

On Fridays, the Nexo decreases in value on average with -0.61%. On most of the Fridays the Nexo decreases in value between -3.65% and 2.43%. The uncertainty (3.04%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Nexo on Fridays is large.

It is hard to tell whether the Nexo will increase or decrease in value on an average Saturday. The average change on a Saturday for the Nexo is -0.26%. However, the standard deviation on this weekday is 1.98%. This means that on most Saturdays, the change in value of the Nexo is between -2.24% and 1.72%.

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 0.13% 1.82% -1.69% to 1.95%
Monday 0.20% 1.86% -1.66% to 2.07%
Tuesday 0.23% 1.45% -1.22% to 1.67%
Wednesday 0.80% 4.04% -3.24% to 4.84%
Thursday -0.09% 2.84% -2.93% to 2.75%
Friday -0.61% 3.04% -3.65% to 2.43%
Saturday -0.26% 1.98% -2.24% to 1.72%
 

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