Nexo (NEXO)

Current price: $ 0.10

24 hours price change: $ -0.001238 (-1.23%)

Daily analysis of Nexo (NEXO) - 6 months

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 6 months, starting on April 20th, 2019 to October 20th, 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 04/20/2019 and 10/20/2019.

According to the performance of Nexo between April 20th, 2019 and October 20th, 2019, Nexo performed the best on Tuesdays. On average, the price of Nexo increased 2.43% on Tuesday.

The weekday on which the Nexo performed the worst, is Monday. On Mondays, the Nexo declined in value on average by -1.72%.

Nexo weekday performance

On an average Sunday the Nexo shows an increase in value of 1.82%. However, the change of Nexo on most of the Sundays is between -5.49% and 9.14%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Nexos.

The Nexo declines in value on an average Monday with -1.72%. However, the uncertainty (or standard deviation) is quite large, namely 4.72%. This means that it is not possible to say whether on a regular Monday the Nexo will increase or decrease in value.

On an average Tuesday the Nexo shows an increase in value of 2.43%. However, the change of Nexo on most of the Tuesdays is between -8.06% and 12.92%. 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 -1.10%. However, the uncertainty (or standard deviation) is quite large, namely 5.74%. 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 0.57%. However, since the expected deviation is 4.03%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -3.46% and 4.60%.

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 -0.08%. However, the standard deviation on this weekday is 2.46%. This means that on most Fridays, the change in value of the Nexo is between -2.54% and 2.38%.

Allthough the Nexo decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Saturdays is 4.53%. This means that the expected change of the value of Nexo is between -4.94% and 4.12% on 68 out of 100 Saturdays.

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 1.82% 7.32% -5.49% to 9.14%
Monday -1.72% 4.72% -6.43% to 3.00%
Tuesday 2.43% 10.49% -8.06% to 12.92%
Wednesday -1.10% 5.74% -6.85% to 4.64%
Thursday 0.57% 4.03% -3.46% to 4.60%
Friday -0.08% 2.46% -2.54% to 2.38%
Saturday -0.41% 4.53% -4.94% to 4.12%