NEM (XEM)

Current price: $ 0.04

24 hours price change: $ 0.001090 (2.63%)

Daily analysis of NEM (XEM) - 6 months

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 6 months, starting on January 3rd, 2020 to July 3rd, 2020.

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 01/03/2020 and 07/03/2020.

According to the performance of NEM between January 3rd, 2020 and July 3rd, 2020, NEM performed the best on Sundays. On average, the price of NEM increased 0.47% on Sunday.

The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM declined in value on average by -0.43%.

NEM weekday performance

On an average Sunday, the NEM increased 0.47%. However, since the expected deviation is 1.14%, the NEM will decline in value on a Sunday quiet regularly. The expected price change of the NEM on a Sunday is between -0.68% and 1.61%.

It is hard to tell whether the NEM will increase or decrease in value on an average Monday. The average change on a Monday for the NEM is -0.03%. However, the standard deviation on this weekday is 0.83%. This means that on most Mondays, the change in value of the NEM is between -0.86% and 0.80%.

NEM increased in value on an average Tuesday only slightly. The average increase in value of the NEM was 0.27%. 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 (0.85%). This means that on 68 percent of the Tuesdays, the change in price of the NEM is expected to be in the range of -0.58% and 1.12%.

Allthough the NEM decreases in value with -0.43% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of NEM on Wednesdays is 1.30%. This means that the expected change of the value of NEM is between -1.72% and 0.87% 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 0.24%. 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 (0.84%). This means that on 68 percent of the Thursdays, the change in price of the NEM is expected to be in the range of -0.60% and 1.08%.

It is hard to tell whether the NEM will increase or decrease in value on an average Friday. The average change on a Friday for the NEM is -0.10%. However, the standard deviation on this weekday is 0.77%. This means that on most Fridays, the change in value of the NEM is between -0.87% and 0.67%.

It is hard to tell whether the NEM will increase or decrease in value on an average Saturday. The average change on a Saturday for the NEM is -0.08%. However, the standard deviation on this weekday is 0.65%. This means that on most Saturdays, the change in value of the NEM is between -0.73% and 0.57%.

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 0.47% 1.14% -0.68% to 1.61%
Monday -0.03% 0.83% -0.86% to 0.80%
Tuesday 0.27% 0.85% -0.58% to 1.12%
Wednesday -0.43% 1.30% -1.72% to 0.87%
Thursday 0.24% 0.84% -0.60% to 1.08%
Friday -0.10% 0.77% -0.87% to 0.67%
Saturday -0.08% 0.65% -0.73% to 0.57%
 

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