MX Token (MX)

Current price: $ 1.54

24 hours price change: $ -0.05 (-3.02%)

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 April 24th, 2022 to May 24th, 2022.

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 04/24/2022 and 05/24/2022.

According to the performance of MX Token between April 24th, 2022 and May 24th, 2022, MX Token performed the best on Thursdays. On average, the price of MX Token increased 0.43% on Thursday.

The weekday on which the MX Token performed the worst, is Friday. On Fridays, the MX Token declined in value on average by -0.73%.

MX Token weekday performance

It is hard to tell whether the MX Token will increase or decrease in value on an average Sunday. The average change on a Sunday for the MX Token is -0.03%. However, the standard deviation on this weekday is 0.10%. This means that on most Sundays, the change in value of the MX Token is between -0.12% and 0.07%.

MX Token increased in value on an average Monday only slightly. The average increase in value of the MX Token was 0.00%. Allthough the MX Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.10%). This means that on 68 percent of the Mondays, the change in price of the MX Token is expected to be in the range of -0.10% and 0.10%.

On an average Tuesday, the MX Token increased 0.31%. However, since the expected deviation is 0.39%, the MX Token will decline in value on a Tuesday quiet regularly. The expected price change of the MX Token on a Tuesday is between -0.07% and 0.70%.

It is hard to tell whether the MX Token will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the MX Token is -0.06%. However, the standard deviation on this weekday is 0.03%. This means that on most Wednesdays, the change in value of the MX Token is between -0.09% and -0.04%.

On an average Thursday, the MX Token increased 0.43%. However, since the expected deviation is 0.49%, the MX Token will decline in value on a Thursday quiet regularly. The expected price change of the MX Token on a Thursday is between -0.06% and 0.93%.

On Fridays, the MX Token decreases in value on average with -0.73%. On most of the Fridays the MX Token decreases in value between -1.99% and 0.54%. The uncertainty (1.27%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the MX Token on Fridays is large.

Allthough the MX Token decreases in value with -0.60% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of MX Token on Saturdays is 1.07%. This means that the expected change of the value of MX Token is between -1.67% and 0.48% on 68 out of 100 Saturdays.

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 -0.03% 0.10% -0.12% to 0.07%
Monday 0.00% 0.10% -0.10% to 0.10%
Tuesday 0.31% 0.39% -0.07% to 0.70%
Wednesday -0.06% 0.03% -0.09% to -0.04%
Thursday 0.43% 0.49% -0.06% to 0.93%
Friday -0.73% 1.27% -1.99% to 0.54%
Saturday -0.60% 1.07% -1.67% to 0.48%
 

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