Nexo (NEXO)

Current price: $ 0.12

24 hours price change: $ -0.000574 (-0.47%)

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 June 3rd, 2019 to June 2nd, 2020.

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 06/03/2019 and 06/02/2020.

According to the performance of Nexo between June 3rd, 2019 and June 2nd, 2020, Nexo performed the best on Sundays. On average, the price of Nexo increased 1.58% on Sunday.

The weekday on which the Nexo performed the worst, is Monday. On Mondays, the Nexo declined in value on average by -0.82%.

Nexo weekday performance

On an average Sunday the Nexo shows an increase in value of 1.58%. However, the change of Nexo on most of the Sundays is between -2.96% and 6.11%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Nexos.

On Mondays, the Nexo decreases in value on average with -0.82%. On most of the Mondays the Nexo decreases in value between -4.03% and 2.40%. The uncertainty (3.22%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Nexo on Mondays is large.

On an average Tuesday, the Nexo increased 0.59%. However, since the expected deviation is 3.76%, the Nexo will decline in value on a Tuesday quiet regularly. The expected price change of the Nexo on a Tuesday is between -3.17% and 4.35%.

Allthough the Nexo decreases in value with -0.42% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Wednesdays is 3.80%. This means that the expected change of the value of Nexo is between -4.22% and 3.39% on 68 out of 100 Wednesdays.

On an average Thursday, the Nexo increased 0.40%. However, since the expected deviation is 2.73%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -2.33% and 3.13%.

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 1.56%. This means that on most Fridays, the change in value of the Nexo is between -1.70% and 1.42%.

On Saturdays, the Nexo decreases in value on average with -0.60%. On most of the Saturdays the Nexo decreases in value between -3.60% and 2.40%. The uncertainty (3.00%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Nexo on Saturdays is large.

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 1.58% 4.53% -2.96% to 6.11%
Monday -0.82% 3.22% -4.03% to 2.40%
Tuesday 0.59% 3.76% -3.17% to 4.35%
Wednesday -0.42% 3.80% -4.22% to 3.39%
Thursday 0.40% 2.73% -2.33% to 3.13%
Friday -0.14% 1.56% -1.70% to 1.42%
Saturday -0.60% 3.00% -3.60% to 2.40%
 

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