Synthetix Network Token (SNX)

Current price: $ 2.65

24 hours price change: $ -0.20 (-6.99%)

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 January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of Synthetix Network Token between January 9th, 2023 and February 9th, 2023, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 0.90% 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 -0.71%.

Synthetix Network Token weekday performance

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Sunday. The average change on a Sunday for the Synthetix Network Token is -0.10%. However, the standard deviation on this weekday is 0.98%. This means that on most Sundays, the change in value of the Synthetix Network Token is between -1.08% and 0.88%.

On an average Monday, the Synthetix Network Token increased 0.43%. However, since the expected deviation is 0.90%, the Synthetix Network Token will decline in value on a Monday quiet regularly. The expected price change of the Synthetix Network Token on a Monday is between -0.46% and 1.33%.

Historical performance on Tuesday 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 Tuesday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Tuesday is between -0.25% and 1.47% (see also the table below).

The average increase of the Synthetix Network Token on an average Wednesday is 0.44%. This is a small increase, however, the expected change of the Synthetix Network Token in 95% of the Wednesdays is -0.27% and 1.15%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Synthetix Network Token is below -0.27%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.15%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Synthetix Network Token will be in the range of 0.08% and 0.80%.

Synthetix Network Token increased in value on an average Thursday only slightly. The average increase in value of the Synthetix Network Token was 0.11%. 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 (0.89%). This means that on 68 percent of the Thursdays, the change in price of the Synthetix Network Token is expected to be in the range of -0.78% and 1.00%.

On Fridays, the Synthetix Network Token decreases in value on average with -0.71%. On most of the Fridays the Synthetix Network Token decreases in value between -1.28% and -0.14%. The uncertainty (0.57%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Synthetix Network Token on Fridays is large.

The expected range of change of the Synthetix Network Token for an average Saturday is between 0.23% and 1.56%. This is the result of an average increase in value of 0.90% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 -0.10% 0.98% -1.08% to 0.88%
Monday 0.43% 0.90% -0.46% to 1.33%
Tuesday 0.61% 0.86% -0.25% to 1.47%
Wednesday 0.44% 0.36% 0.08% to 0.80%
Thursday 0.11% 0.89% -0.78% to 1.00%
Friday -0.71% 0.57% -1.28% to -0.14%
Saturday 0.90% 0.66% 0.23% to 1.56%
 

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