NEM (XEM)

Current price: $ 0.16

24 hours price change: $ 0.001200 (0.75%)

Daily analysis of NEM (XEM) - 1 year

The performance of NEM regarding the price differs every day. To make the best decision to buy NEM, we are analysis in this article the performance of NEM 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 12th, 2021.

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

Average daily change in price of NEM per weekday between 06/13/2020 and 06/12/2021.

According to the performance of NEM between June 13th, 2020 and June 12th, 2021, NEM performed the best on Mondays. On average, the price of NEM increased 0.77% on Monday.

The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM declined in value on average by -0.31%.

NEM weekday performance

On an average Sunday, the NEM increased 0.30%. However, since the expected deviation is 1.89%, the NEM will decline in value on a Sunday quiet regularly. The expected price change of the NEM on a Sunday is between -1.58% and 2.19%.

Historical performance on Monday do not show an increase in value of the NEM on which a prediction can be made. The NEM increased in value on average on an average Monday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the NEM on a Monday is between -2.73% and 4.26% (see also the table below).

NEM increased in value on an average Tuesday only slightly. The average increase in value of the NEM was 0.25%. Allthough the NEM closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.23%). This means that on 68 percent of the Tuesdays, the change in price of the NEM is expected to be in the range of -2.98% and 3.49%.

Allthough the NEM decreases in value with -0.31% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 2.64%. This means that the expected change of the value of NEM is between -2.95% and 2.33% on 68 out of 100 Wednesdays.

NEM increased in value on an average Thursday only slightly. The average increase in value of the NEM was 0.16%. Allthough the NEM closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.94%). This means that on 68 percent of the Thursdays, the change in price of the NEM is expected to be in the range of -1.78% and 2.10%.

On an average Friday, the NEM increased 0.42%. However, since the expected deviation is 2.69%, the NEM will decline in value on a Friday quiet regularly. The expected price change of the NEM on a Friday is between -2.27% and 3.12%.

On an average Saturday, the NEM increased 0.38%. However, since the expected deviation is 2.26%, the NEM will decline in value on a Saturday quiet regularly. The expected price change of the NEM on a Saturday is between -1.88% and 2.64%.

NEM weekday performance details

Find below the details of the performance of NEM 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 0.30% 1.89% -1.58% to 2.19%
Monday 0.77% 3.50% -2.73% to 4.26%
Tuesday 0.25% 3.23% -2.98% to 3.49%
Wednesday -0.31% 2.64% -2.95% to 2.33%
Thursday 0.16% 1.94% -1.78% to 2.10%
Friday 0.42% 2.69% -2.27% to 3.12%
Saturday 0.38% 2.26% -1.88% to 2.64%
 

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