Nexo (NEXO)

Current price: $ 3.32

24 hours price change: $ -0.09 (-2.61%)

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 October 19th, 2020 to April 19th, 2021.

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 10/19/2020 and 04/19/2021.

According to the performance of Nexo between October 19th, 2020 and April 19th, 2021, Nexo performed the best on Fridays. On average, the price of Nexo increased 0.75% on Friday.

The weekday on which the Nexo performed the worst, is Tuesday. On Tuesdays, the Nexo declined in value on average by -0.19%.

Nexo weekday performance

It is hard to tell whether the Nexo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Nexo is -0.05%. However, the standard deviation on this weekday is 1.65%. This means that on most Sundays, the change in value of the Nexo is between -1.70% and 1.60%.

Historical performance on Monday 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 Monday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Monday is between -1.49% and 2.80% (see also the table below).

It is hard to tell whether the Nexo will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Nexo is -0.19%. However, the standard deviation on this weekday is 1.87%. This means that on most Tuesdays, the change in value of the Nexo is between -2.06% and 1.68%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Nexo is -0.06%. However, the standard deviation on this weekday is 3.25%. This means that on most Wednesdays, the change in value of the Nexo is between -3.31% and 3.19%.

On an average Thursday, the Nexo increased 0.52%. However, since the expected deviation is 1.71%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -1.19% and 2.23%.

Historical performance on Friday 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 Friday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Friday is between -2.62% and 4.12% (see also the table below).

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 (2.11%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -1.91% and 2.31%.

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 -0.05% 1.65% -1.70% to 1.60%
Monday 0.65% 2.15% -1.49% to 2.80%
Tuesday -0.19% 1.87% -2.06% to 1.68%
Wednesday -0.06% 3.25% -3.31% to 3.19%
Thursday 0.52% 1.71% -1.19% to 2.23%
Friday 0.75% 3.37% -2.62% to 4.12%
Saturday 0.20% 2.11% -1.91% to 2.31%
 

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