XMAX (XMX)

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Daily analysis of XMAX (XMX) - 1 month

The performance of XMAX regarding the price differs every day. To make the best decision to buy XMAX, we are analysis in this article the performance of XMAX on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 26th, 2021 to February 25th, 2021.

In the barchart below, the weekdays and average performance of XMAX are shown side by side.

Average daily change in price of XMAX per weekday between 01/26/2021 and 02/25/2021.

According to the performance of XMAX between January 26th, 2021 and February 25th, 2021, XMAX performed the best on Thursdays. On average, the price of XMAX increased 14.42% on Thursday.

The weekday on which the XMAX performed the worst, is Friday. On Fridays, the XMAX declined in value on average by -7.09%.

XMAX weekday performance

Historical performance on Sunday do not show an increase in value of the XMAX on which a prediction can be made. The XMAX increased in value on average on an average Sunday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the XMAX on a Sunday is between -6.61% and 8.39% (see also the table below).

On Mondays, the XMAX decreases in value on average with -0.95%. On most of the Mondays the XMAX decreases in value between -2.44% and 0.54%. The uncertainty (1.49%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the XMAX on Mondays is large.

Allthough the XMAX decreases in value with -0.57% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of XMAX on Tuesdays is 3.19%. This means that the expected change of the value of XMAX is between -3.76% and 2.62% on 68 out of 100 Tuesdays.

Allthough the XMAX decreases in value with -0.42% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of XMAX on Wednesdays is 3.28%. This means that the expected change of the value of XMAX is between -3.70% and 2.86% on 68 out of 100 Wednesdays.

The increase in value of the XMAX is 14.42% on an average Thursday. However, the uncertainty on the average change is high for the XMAX on Thursdays. This is the reason why an expected increase of the XMAX on an average Thursday cannot be predicted. The standard deviation for XMAX on Thursdays is high, namely 28.12%. This means that the expected range of value change for the XMAX is -13.70% and 42.55% on 68% of the Thursdays.

The decrease in value of the XMAX is -7.09% on an average Friday. The uncertainty of the average change is high for the XMAX on Fridays. This means that it is hard to tell whether the XMAX will decrease or increase in value on an average Friday. If we look at the 68% range of the XMAX, we see that on 68% of the Fridays, the expected change of the XMAX is between -20.25% and 6.07%.

On an average Saturday the XMAX shows an increase in value of 2.80%. However, the change of XMAX on most of the Saturdays is between -1.59% and 7.19%. Therefore it is hard to tell whether an average Saturday is a good day to start buying XMAXs.

XMAX weekday performance details

Find below the details of the performance of XMAX 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 0.89% 7.50% -6.61% to 8.39%
Monday -0.95% 1.49% -2.44% to 0.54%
Tuesday -0.57% 3.19% -3.76% to 2.62%
Wednesday -0.42% 3.28% -3.70% to 2.86%
Thursday 14.42% 28.12% -13.70% to 42.55%
Friday -7.09% 13.16% -20.25% to 6.07%
Saturday 2.80% 4.39% -1.59% to 7.19%
 

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