MX Token (MX)

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Daily analysis of MX Token (MX) - 1 month

The performance of MX Token regarding the price differs every day. To make the best decision to buy MX Token, we are analysis in this article the performance of MX 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 28th, 2021 to February 25th, 2021.

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

Average daily change in price of MX Token per weekday between 01/28/2021 and 02/25/2021.

According to the performance of MX Token between January 28th, 2021 and February 25th, 2021, MX Token performed the best on Fridays. On average, the price of MX Token increased 4.91% on Friday.

The weekday on which the MX Token performed the worst, is Monday. On Mondays, the MX Token declined in value on average by -3.94%.

MX Token weekday performance

The MX Token declines in value on an average Sunday with -2.61%. However, the uncertainty (or standard deviation) is quite large, namely 4.60%. This means that it is not possible to say whether on a regular Sunday the MX Token will increase or decrease in value.

The decrease in value of the MX Token is -3.94% on an average Monday. The uncertainty of the average change is high for the MX Token on Mondays. This means that it is hard to tell whether the MX Token will decrease or increase in value on an average Monday. If we look at the 68% range of the MX Token, we see that on 68% of the Mondays, the expected change of the MX Token is between -10.55% and 2.68%.

The increase in value of the MX Token is 3.89% on an average Tuesday. However, the uncertainty on the average change is high for the MX Token on Tuesdays. This is the reason why an expected increase of the MX Token on an average Tuesday cannot be predicted. The standard deviation for MX Token on Tuesdays is high, namely 3.90%. This means that the expected range of value change for the MX Token is -0.01% and 7.79% on 68% of the Tuesdays.

The MX Token declines in value on an average Wednesday with -2.50%. However, the uncertainty (or standard deviation) is quite large, namely 3.63%. This means that it is not possible to say whether on a regular Wednesday the MX Token will increase or decrease in value.

The MX Token declines in value on an average Thursday with -1.82%. However, the uncertainty (or standard deviation) is quite large, namely 3.92%. This means that it is not possible to say whether on a regular Thursday the MX Token will increase or decrease in value.

The increase in value of the MX Token is 4.91% on an average Friday. However, the uncertainty on the average change is high for the MX Token on Fridays. This is the reason why an expected increase of the MX Token on an average Friday cannot be predicted. The standard deviation for MX Token on Fridays is high, namely 5.22%. This means that the expected range of value change for the MX Token is -0.31% and 10.13% on 68% of the Fridays.

On an average Saturday the MX Token shows an increase in value of 1.77%. However, the change of MX Token on most of the Saturdays is between -3.27% and 6.82%. Therefore it is hard to tell whether an average Saturday is a good day to start buying MX Tokens.

MX Token weekday performance details

Find below the details of the performance of MX 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 -2.61% 4.60% -7.21% to 1.99%
Monday -3.94% 6.62% -10.55% to 2.68%
Tuesday 3.89% 3.90% -0.01% to 7.79%
Wednesday -2.50% 3.63% -6.13% to 1.13%
Thursday -1.82% 3.92% -5.74% to 2.11%
Friday 4.91% 5.22% -0.31% to 10.13%
Saturday 1.77% 5.05% -3.27% to 6.82%
 

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