Synthetix Network Token (SNX)

Current price: $ 0.69

24 hours price change: $ 0.02 (3.10%)

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 October 19th, 2019.

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 10/19/2019.

According to the performance of Synthetix Network Token between February 13th, 2019 and October 19th, 2019, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 3.66% 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 -0.31%.

Synthetix Network Token weekday performance

Historical performance on Sunday 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 Sunday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Sunday is between -5.53% and 6.95% (see also the table below).

On an average Monday the Synthetix Network Token shows an increase in value of 2.64%. However, the change of Synthetix Network Token on most of the Mondays is between -8.71% and 13.99%. Therefore it is hard to tell whether an average Monday is a good day to start buying Synthetix Network Tokens.

On an average Tuesday, the Synthetix Network Token increased 0.34%. However, since the expected deviation is 8.37%, the Synthetix Network Token will decline in value on a Tuesday quiet regularly. The expected price change of the Synthetix Network Token on a Tuesday is between -8.03% and 8.71%.

Historical performance on Wednesday 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 Wednesday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Wednesday is between -9.71% and 11.32% (see also the table below).

On an average Thursday the Synthetix Network Token shows an increase in value of 1.54%. However, the change of Synthetix Network Token on most of the Thursdays is between -4.06% and 7.14%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Synthetix Network Tokens.

Allthough the Synthetix Network Token decreases in value with -0.31% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Synthetix Network Token on Fridays is 4.96%. This means that the expected change of the value of Synthetix Network Token is between -5.27% and 4.65% on 68 out of 100 Fridays.

The increase in value of the Synthetix Network Token is 3.66% on an average Saturday. However, the uncertainty on the average change is high for the Synthetix Network Token on Saturdays. This is the reason why an expected increase of the Synthetix Network Token on an average Saturday cannot be predicted. The standard deviation for Synthetix Network Token on Saturdays is high, namely 8.48%. This means that the expected range of value change for the Synthetix Network Token is -4.82% and 12.14% on 68% of the Saturdays.

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 0.71% 6.24% -5.53% to 6.95%
Monday 2.64% 11.35% -8.71% to 13.99%
Tuesday 0.34% 8.37% -8.03% to 8.71%
Wednesday 0.80% 10.52% -9.71% to 11.32%
Thursday 1.54% 5.60% -4.06% to 7.14%
Friday -0.31% 4.96% -5.27% to 4.65%
Saturday 3.66% 8.48% -4.82% to 12.14%