Synthetix Network Token (SNX)

Current price: $ 0.78

24 hours price change: $ -0.03 (-4.16%)

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

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 year, starting on April 8th, 2019 to April 7th, 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 04/08/2019 and 04/07/2020.

According to the performance of Synthetix Network Token between April 8th, 2019 and April 7th, 2020, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 1.66% 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 -0.92%.

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 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Sunday is between -4.13% and 5.35% (see also the table below).

On an average Monday the Synthetix Network Token shows an increase in value of 1.10%. However, the change of Synthetix Network Token on most of the Mondays is between -7.29% and 9.49%. Therefore it is hard to tell whether an average Monday is a good day to start buying Synthetix Network Tokens.

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 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Tuesday is between -4.79% and 6.48% (see also the table below).

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 0.85%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Wednesday is between -6.73% and 8.44% (see also the table below).

Synthetix Network Token increased in value on an average Thursday only slightly. The average increase in value of the Synthetix Network Token was 0.14%. 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 (3.93%). 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 -3.79% and 4.07%.

On Fridays, the Synthetix Network Token decreases in value on average with -0.92%. On most of the Fridays the Synthetix Network Token decreases in value between -4.34% and 2.51%. The uncertainty (3.43%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the Synthetix Network Token on Fridays is large.

On an average Saturday the Synthetix Network Token shows an increase in value of 1.66%. However, the change of Synthetix Network Token on most of the Saturdays is between -4.08% and 7.41%. 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 0.61% 4.74% -4.13% to 5.35%
Monday 1.10% 8.39% -7.29% to 9.49%
Tuesday 0.84% 5.63% -4.79% to 6.48%
Wednesday 0.85% 7.59% -6.73% to 8.44%
Thursday 0.14% 3.93% -3.79% to 4.07%
Friday -0.92% 3.43% -4.34% to 2.51%
Saturday 1.66% 5.74% -4.08% to 7.41%
 

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