Nexo (NEXO)

Current price: $ 2.27

24 hours price change: $ 0.15 (7.29%)

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 22nd, 2021 to October 22nd, 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 04/22/2021 and 10/22/2021.

According to the performance of Nexo between April 22nd, 2021 and October 22nd, 2021, Nexo performed the best on Wednesdays. On average, the price of Nexo increased 1.51% on Wednesday.

The weekday on which the Nexo performed the worst, is Friday. On Fridays, the Nexo declined in value on average by -0.97%.

Nexo weekday performance

On an average Sunday, the Nexo increased 0.37%. However, since the expected deviation is 1.23%, the Nexo will decline in value on a Sunday quiet regularly. The expected price change of the Nexo on a Sunday is between -0.85% 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 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Monday is between -1.62% and 3.50% (see also the table below).

On an average Tuesday, the Nexo increased 0.40%. However, since the expected deviation is 1.39%, the Nexo will decline in value on a Tuesday quiet regularly. The expected price change of the Nexo on a Tuesday is between -0.99% and 1.80%.

On an average Wednesday the Nexo shows an increase in value of 1.51%. However, the change of Nexo on most of the Wednesdays is between -3.94% and 6.95%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Nexos.

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 -0.07%. However, the standard deviation on this weekday is 3.25%. This means that on most Thursdays, the change in value of the Nexo is between -3.33% and 3.18%.

On Fridays, the Nexo decreases in value on average with -0.97%. On most of the Fridays the Nexo decreases in value between -4.61% and 2.68%. The uncertainty (3.64%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Nexo on Fridays is large.

Allthough the Nexo decreases in value with -0.52% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Saturdays is 2.48%. This means that the expected change of the value of Nexo is between -3.00% and 1.96% 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 0.37% 1.23% -0.85% to 1.60%
Monday 0.94% 2.56% -1.62% to 3.50%
Tuesday 0.40% 1.39% -0.99% to 1.80%
Wednesday 1.51% 5.45% -3.94% to 6.95%
Thursday -0.07% 3.25% -3.33% to 3.18%
Friday -0.97% 3.64% -4.61% to 2.68%
Saturday -0.52% 2.48% -3.00% to 1.96%
 

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