MEXC Token (MEXC)

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Daily analysis of MEXC Token (MEXC) - 6 months

The performance of MEXC Token regarding the price differs every day. To make the best decision to buy MEXC Token, we are analysis in this article the performance of MEXC Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on January 3rd, 2020 to May 19th, 2020.

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

Average daily change in price of MEXC Token per weekday between 01/03/2020 and 05/19/2020.

According to the performance of MEXC Token between January 3rd, 2020 and May 19th, 2020, MEXC Token performed the best on Mondays. On average, the price of MEXC Token increased 0.35% on Monday.

The weekday on which the MEXC Token performed the worst, is Friday. On Fridays, the MEXC Token declined in value on average by -0.32%.

MEXC Token weekday performance

MEXC Token increased in value on an average Sunday only slightly. The average increase in value of the MEXC Token was 0.05%. Allthough the MEXC Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.74%). This means that on 68 percent of the Sundays, the change in price of the MEXC Token is expected to be in the range of -0.70% and 0.79%.

On an average Monday, the MEXC Token increased 0.35%. However, since the expected deviation is 0.91%, the MEXC Token will decline in value on a Monday quiet regularly. The expected price change of the MEXC Token on a Monday is between -0.55% and 1.26%.

MEXC Token increased in value on an average Tuesday only slightly. The average increase in value of the MEXC Token was 0.23%. Allthough the MEXC Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.86%). This means that on 68 percent of the Tuesdays, the change in price of the MEXC Token is expected to be in the range of -0.62% and 1.09%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the MEXC Token is -0.09%. However, the standard deviation on this weekday is 0.76%. This means that on most Wednesdays, the change in value of the MEXC Token is between -0.85% and 0.67%.

It is hard to tell whether the MEXC Token will increase or decrease in value on an average Thursday. The average change on a Thursday for the MEXC Token is -0.06%. However, the standard deviation on this weekday is 0.91%. This means that on most Thursdays, the change in value of the MEXC Token is between -0.97% and 0.85%.

Allthough the MEXC Token decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of MEXC Token on Fridays is 0.81%. This means that the expected change of the value of MEXC Token is between -1.12% and 0.49% on 68 out of 100 Fridays.

MEXC Token increased in value on an average Saturday only slightly. The average increase in value of the MEXC Token was 0.07%. Allthough the MEXC Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.50%). This means that on 68 percent of the Saturdays, the change in price of the MEXC Token is expected to be in the range of -0.43% and 0.57%.

MEXC Token weekday performance details

Find below the details of the performance of MEXC 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 0.05% 0.74% -0.70% to 0.79%
Monday 0.35% 0.91% -0.55% to 1.26%
Tuesday 0.23% 0.86% -0.62% to 1.09%
Wednesday -0.09% 0.76% -0.85% to 0.67%
Thursday -0.06% 0.91% -0.97% to 0.85%
Friday -0.32% 0.81% -1.12% to 0.49%
Saturday 0.07% 0.50% -0.43% to 0.57%
 

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