MX Token (MX)

Current price: $ 0.67

24 hours price change: $ -0.01 (-1.94%)

Daily analysis of MX Token (MX) - 1 year

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 year, starting on June 13th, 2020 to June 13th, 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 06/13/2020 and 06/13/2021.

According to the performance of MX Token between June 13th, 2020 and June 13th, 2021, MX Token performed the best on Wednesdays. On average, the price of MX Token increased 1.26% on Wednesday.

The weekday on which the MX Token performed the worst, is Sunday. On Sundays, the MX Token declined in value on average by -0.41%.

MX Token weekday performance

Allthough the MX Token decreases in value with -0.41% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of MX Token on Sundays is 2.70%. This means that the expected change of the value of MX Token is between -3.11% and 2.28% on 68 out of 100 Sundays.

On an average Monday, the MX Token increased 0.44%. However, since the expected deviation is 3.35%, the MX Token will decline in value on a Monday quiet regularly. The expected price change of the MX Token on a Monday is between -2.91% and 3.79%.

Historical performance on Tuesday do not show an increase in value of the MX Token on which a prediction can be made. The MX Token increased in value on average on an average Tuesday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the MX Token on a Tuesday is between -2.30% and 3.55% (see also the table below).

On an average Wednesday the MX Token shows an increase in value of 1.26%. However, the change of MX Token on most of the Wednesdays is between -7.18% and 9.70%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying MX Tokens.

It is hard to tell whether the MX Token will increase or decrease in value on an average Thursday. The average change on a Thursday for the MX Token is -0.15%. However, the standard deviation on this weekday is 2.05%. This means that on most Thursdays, the change in value of the MX Token is between -2.20% and 1.91%.

On an average Friday, the MX Token increased 0.36%. However, since the expected deviation is 3.10%, the MX Token will decline in value on a Friday quiet regularly. The expected price change of the MX Token on a Friday is between -2.74% and 3.46%.

On an average Saturday, the MX Token increased 0.58%. However, since the expected deviation is 3.21%, the MX Token will decline in value on a Saturday quiet regularly. The expected price change of the MX Token on a Saturday is between -2.63% and 3.79%.

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 -0.41% 2.70% -3.11% to 2.28%
Monday 0.44% 3.35% -2.91% to 3.79%
Tuesday 0.63% 2.93% -2.30% to 3.55%
Wednesday 1.26% 8.44% -7.18% to 9.70%
Thursday -0.15% 2.05% -2.20% to 1.91%
Friday 0.36% 3.10% -2.74% to 3.46%
Saturday 0.58% 3.21% -2.63% to 3.79%
 

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