Synthetix Network Token (SNX)

Current price: $ 0.64

24 hours price change: $ -0.005141 (-0.80%)

Daily analysis of Synthetix Network Token (SNX) - 1 month

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 1 month, starting on September 23rd, 2019 to October 22nd, 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 09/23/2019 and 10/22/2019.

According to the performance of Synthetix Network Token between September 23rd, 2019 and October 22nd, 2019, Synthetix Network Token performed the best on Wednesdays. On average, the price of Synthetix Network Token increased 2.89% on Wednesday.

The weekday on which the Synthetix Network Token performed the worst, is Tuesday. On Tuesdays, the Synthetix Network Token declined in value on average by -0.12%.

Synthetix Network Token weekday performance

On an average Sunday, the Synthetix Network Token increased 0.56%. However, since the expected deviation is 1.45%, the Synthetix Network Token will decline in value on a Sunday quiet regularly. The expected price change of the Synthetix Network Token on a Sunday is between -0.89% and 2.01%.

The average increase of the Synthetix Network Token on an average Monday is 0.45%. This is a small increase, however, the expected change of the Synthetix Network Token in 95% of the Mondays is -0.43% and 1.33%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the Synthetix Network Token is below -0.43%. On the other hand, you would not have to expect that the change on a single Monday will be above 1.33%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the Synthetix Network Token will be in the range of 0.01% and 0.89%.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Synthetix Network Token is -0.12%. However, the standard deviation on this weekday is 0.60%. This means that on most Tuesdays, the change in value of the Synthetix Network Token is between -0.73% and 0.48%.

On an average Wednesday the Synthetix Network Token shows an increase in value of 2.89%. However, the change of Synthetix Network Token on most of the Wednesdays is between -2.62% and 8.40%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Synthetix Network Tokens.

Historical performance on Thursday 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 Thursday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Thursday is between -0.06% and 1.30% (see also the table below).

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Friday. The average change on a Friday for the Synthetix Network Token is -0.04%. However, the standard deviation on this weekday is 0.14%. This means that on most Fridays, the change in value of the Synthetix Network Token is between -0.18% and 0.11%.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Saturday. The average change on a Saturday for the Synthetix Network Token is -0.09%. However, the standard deviation on this weekday is 0.86%. This means that on most Saturdays, the change in value of the Synthetix Network Token is between -0.95% and 0.77%.

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 0.56% 1.45% -0.89% to 2.01%
Monday 0.45% 0.44% 0.01% to 0.89%
Tuesday -0.12% 0.60% -0.73% to 0.48%
Wednesday 2.89% 5.51% -2.62% to 8.40%
Thursday 0.62% 0.68% -0.06% to 1.30%
Friday -0.04% 0.14% -0.18% to 0.11%
Saturday -0.09% 0.86% -0.95% to 0.77%