NEM (XEM)

Current price: $ 0.47

24 hours price change: $ 0.47 (inf%)

Daily analysis of NEM (XEM) - 3 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 3 months, starting on November 26th, 2020 to February 25th, 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 11/26/2020 and 02/25/2021.

According to the performance of NEM between November 26th, 2020 and February 25th, 2021, NEM performed the best on Fridays. On average, the price of NEM increased 1.51% on Friday.

The weekday on which the NEM performed the worst, is Wednesday. On Wednesdays, the NEM declined in value on average by -0.93%.

NEM weekday performance

It is hard to tell whether the NEM will increase or decrease in value on an average Sunday. The average change on a Sunday for the NEM is -0.02%. However, the standard deviation on this weekday is 2.62%. This means that on most Sundays, the change in value of the NEM is between -2.64% and 2.60%.

On an average Monday the NEM shows an increase in value of 1.23%. However, the change of NEM on most of the Mondays is between -2.33% and 4.79%. Therefore it is hard to tell whether an average Monday is a good day to start buying NEMs.

On Tuesdays, the NEM decreases in value on average with -0.86%. On most of the Tuesdays the NEM decreases in value between -3.14% and 1.42%. The uncertainty (2.28%) is higher than the average decline percentage (-0.86%). Therefore, expected range of price changes of the NEM on Tuesdays is large.

On Wednesdays, the NEM decreases in value on average with -0.93%. On most of the Wednesdays the NEM decreases in value between -5.25% and 3.40%. The uncertainty (4.33%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the NEM on Wednesdays is large.

On an average Thursday the NEM shows an increase in value of 1.02%. However, the change of NEM on most of the Thursdays is between -1.00% and 3.03%. Therefore it is hard to tell whether an average Thursday is a good day to start buying NEMs.

On an average Friday the NEM shows an increase in value of 1.51%. However, the change of NEM on most of the Fridays is between -1.82% and 4.84%. Therefore it is hard to tell whether an average Friday is a good day to start buying NEMs.

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 -0.24%. However, the standard deviation on this weekday is 2.30%. This means that on most Saturdays, the change in value of the NEM is between -2.54% and 2.05%.

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 -0.02% 2.62% -2.64% to 2.60%
Monday 1.23% 3.56% -2.33% to 4.79%
Tuesday -0.86% 2.28% -3.14% to 1.42%
Wednesday -0.93% 4.33% -5.25% to 3.40%
Thursday 1.02% 2.02% -1.00% to 3.03%
Friday 1.51% 3.33% -1.82% to 4.84%
Saturday -0.24% 2.30% -2.54% to 2.05%
 

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