Nexo (NEXO)

Current price: $ 0.22

24 hours price change: $ -0.005549 (-2.46%)

Daily analysis of Nexo (NEXO) - all

The performance of Nexo regarding the price differs every day. To make the best decision to buy Nexo, we are analysis in this article the performance of Nexo on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on May 21st, 2018 to July 1st, 2020.

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

Average daily change in price of Nexo per weekday between 05/21/2018 and 07/01/2020.

According to the performance of Nexo between May 21st, 2018 and July 1st, 2020, Nexo performed the best on Tuesdays. On average, the price of Nexo increased 0.69% on Tuesday.

The weekday on which the Nexo performed the worst, is Wednesday. On Wednesdays, the Nexo declined in value on average by -0.79%.

Nexo weekday performance

It is hard to tell whether the Nexo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Nexo is -0.13%. However, the standard deviation on this weekday is 6.98%. This means that on most Sundays, the change in value of the Nexo is between -7.10% and 6.85%.

Allthough the Nexo decreases in value with -0.56% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Mondays is 4.74%. This means that the expected change of the value of Nexo is between -5.29% and 4.18% on 68 out of 100 Mondays.

Historical performance on Tuesday do not show an increase in value of the Nexo on which a prediction can be made. The Nexo increased in value on average on an average Tuesday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Tuesday is between -7.06% and 8.44% (see also the table below).

On Wednesdays, the Nexo decreases in value on average with -0.79%. On most of the Wednesdays the Nexo decreases in value between -6.98% and 5.40%. The uncertainty (6.19%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Nexo on Wednesdays is large.

On an average Thursday, the Nexo increased 0.59%. However, since the expected deviation is 4.94%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -4.35% and 5.54%.

On an average Friday, the Nexo increased 0.42%. However, since the expected deviation is 3.44%, the Nexo will decline in value on a Friday quiet regularly. The expected price change of the Nexo on a Friday is between -3.02% and 3.86%.

Nexo increased in value on an average Saturday only slightly. The average increase in value of the Nexo was 0.15%. Allthough the Nexo closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.56%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -4.41% and 4.70%.

Nexo weekday performance details

Find below the details of the performance of Nexo 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 -0.13% 6.98% -7.10% to 6.85%
Monday -0.56% 4.74% -5.29% to 4.18%
Tuesday 0.69% 7.75% -7.06% to 8.44%
Wednesday -0.79% 6.19% -6.98% to 5.40%
Thursday 0.59% 4.94% -4.35% to 5.54%
Friday 0.42% 3.44% -3.02% to 3.86%
Saturday 0.15% 4.56% -4.41% to 4.70%

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