Nexo (NEXO)

Current price: $ 2.11

24 hours price change: $ 0.10 (5.13%)

Daily analysis of Nexo (NEXO) - 1 month

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 1 month, starting on February 7th, 2021 to March 7th, 2021.

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 02/07/2021 and 03/07/2021.

According to the performance of Nexo between February 7th, 2021 and March 7th, 2021, Nexo performed the best on Sundays. On average, the price of Nexo increased 1.19% on Sunday.

The weekday on which the Nexo performed the worst, is Wednesday. On Wednesdays, the Nexo declined in value on average by -1.07%.

Nexo weekday performance

On an average Sunday the Nexo shows an increase in value of 1.19%. However, the change of Nexo on most of the Sundays is between -1.09% and 3.48%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Nexos.

Allthough the Nexo decreases in value with -0.40% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Mondays is 2.56%. This means that the expected change of the value of Nexo is between -2.96% and 2.16% on 68 out of 100 Mondays.

On an average Tuesday the Nexo shows an increase in value of 1.00%. However, the change of Nexo on most of the Tuesdays is between -0.18% and 2.18%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Nexos.

The Nexo declines in value on an average Wednesday with -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 1.20%. This means that it is not possible to say whether on a regular Wednesday the Nexo will increase or decrease in value.

Historical performance on Thursday 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 Thursday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Thursday is between -0.80% and 2.03% (see also the table below).

On Fridays, the Nexo decreases in value on average with -0.75%. On most of the Fridays the Nexo decreases in value between -2.51% and 1.01%. The uncertainty (1.76%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Nexo on Fridays is large.

The expected range of change of the Nexo for an average Saturday is between 0.01% and 1.28%. This is the result of an average increase in value of 0.65% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 1.19% 2.29% -1.09% to 3.48%
Monday -0.40% 2.56% -2.96% to 2.16%
Tuesday 1.00% 1.18% -0.18% to 2.18%
Wednesday -1.07% 1.20% -2.27% to 0.13%
Thursday 0.61% 1.41% -0.80% to 2.03%
Friday -0.75% 1.76% -2.51% to 1.01%
Saturday 0.65% 0.64% 0.01% to 1.28%
 

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