Synthetix Network Token (SNX)

Current price: $ 9.55

24 hours price change: $ -0.57 (-5.63%)

Daily analysis of Synthetix Network Token (SNX) - 6 months

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 6 months, starting on March 28th, 2021 to September 28th, 2021.

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 03/28/2021 and 09/28/2021.

According to the performance of Synthetix Network Token between March 28th, 2021 and September 28th, 2021, Synthetix Network Token performed the best on Tuesdays. On average, the price of Synthetix Network Token increased 0.87% on Tuesday.

The weekday on which the Synthetix Network Token performed the worst, is Saturday. On Saturdays, the Synthetix Network Token declined in value on average by -1.09%.

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 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Sunday is between -2.35% and 3.67% (see also the table below).

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Monday is between -4.96% and 6.30% (see also the table below).

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 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Tuesday is between -2.35% and 4.08% (see also the table below).

On an average Wednesday, the Synthetix Network Token increased 0.43%. However, since the expected deviation is 1.69%, 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 -1.26% and 2.12%.

Allthough the Synthetix Network Token decreases in value with -0.39% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Synthetix Network Token on Thursdays is 3.62%. This means that the expected change of the value of Synthetix Network Token is between -4.01% and 3.23% on 68 out of 100 Thursdays.

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 -0.20%. However, the standard deviation on this weekday is 2.54%. This means that on most Fridays, the change in value of the Synthetix Network Token is between -2.73% and 2.34%.

The Synthetix Network Token declines in value on an average Saturday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 2.98%. This means that it is not possible to say whether on a regular Saturday the Synthetix Network Token will increase or decrease in value.

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 0.66% 3.01% -2.35% to 3.67%
Monday 0.67% 5.63% -4.96% to 6.30%
Tuesday 0.87% 3.22% -2.35% to 4.08%
Wednesday 0.43% 1.69% -1.26% to 2.12%
Thursday -0.39% 3.62% -4.01% to 3.23%
Friday -0.20% 2.54% -2.73% to 2.34%
Saturday -1.09% 2.98% -4.07% to 1.88%
 

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