Synthetix Network Token (SNX)

Current price: $ 5.10

24 hours price change: $ -0.25 (-4.71%)

Daily analysis of Synthetix Network Token (SNX) - all

The performance of Synthetix Network Token regarding the price differs every day. To make the best decision to buy Synthetix Network Token, we are analysis in this article the performance of Synthetix Network Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on February 13th, 2019 to December 3rd, 2020.

In the barchart below, the weekdays and average performance of Synthetix Network Token are shown side by side.

Average daily change in price of Synthetix Network Token per weekday between 02/13/2019 and 12/03/2020.

According to the performance of Synthetix Network Token between February 13th, 2019 and December 3rd, 2020, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 1.58% on Saturday.

The weekday on which the Synthetix Network Token performed the worst, is Friday. On Fridays, the Synthetix Network Token declined in value on average by -0.42%.

Synthetix Network Token weekday performance

Synthetix Network Token increased in value on an average Sunday only slightly. The average increase in value of the Synthetix Network Token was 0.24%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.07%). This means that on 68 percent of the Sundays, the change in price of the Synthetix Network Token is expected to be in the range of -3.83% and 4.30%.

Historical performance on Monday do not show an increase in value of the Synthetix Network Token on which a prediction can be made. The Synthetix Network Token increased in value on average on an average Monday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Monday is between -6.35% and 8.13% (see also the table below).

Synthetix Network Token increased in value on an average Tuesday only slightly. The average increase in value of the Synthetix Network Token was 0.17%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.31%). This means that on 68 percent of the Tuesdays, the change in price of the Synthetix Network Token is expected to be in the range of -5.14% and 5.48%.

On an average Wednesday, the Synthetix Network Token increased 0.43%. However, since the expected deviation is 6.94%, the Synthetix Network Token will decline in value on a Wednesday quiet regularly. The expected price change of the Synthetix Network Token on a Wednesday is between -6.50% and 7.37%.

On an average Thursday, the Synthetix Network Token increased 0.34%. However, since the expected deviation is 3.92%, the Synthetix Network Token will decline in value on a Thursday quiet regularly. The expected price change of the Synthetix Network Token on a Thursday is between -3.58% and 4.27%.

Allthough the Synthetix Network Token decreases in value with -0.42% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Synthetix Network Token on Fridays is 3.35%. This means that the expected change of the value of Synthetix Network Token is between -3.76% and 2.93% on 68 out of 100 Fridays.

On an average Saturday the Synthetix Network Token shows an increase in value of 1.58%. However, the change of Synthetix Network Token on most of the Saturdays is between -4.14% and 7.30%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Synthetix Network Tokens.

Synthetix Network Token weekday performance details

Find below the details of the performance of Synthetix Network Token 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 0.24% 4.07% -3.83% to 4.30%
Monday 0.89% 7.24% -6.35% to 8.13%
Tuesday 0.17% 5.31% -5.14% to 5.48%
Wednesday 0.43% 6.94% -6.50% to 7.37%
Thursday 0.34% 3.92% -3.58% to 4.27%
Friday -0.42% 3.35% -3.76% to 2.93%
Saturday 1.58% 5.72% -4.14% to 7.30%
 

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