Nexo (NEXO)

Current price: $ 0.89

24 hours price change: $ -0.06 (-6.13%)

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 August 28th, 2022 to September 28th, 2022.

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 08/28/2022 and 09/28/2022.

According to the performance of Nexo between August 28th, 2022 and September 28th, 2022, Nexo performed the best on Mondays. On average, the price of Nexo increased 0.04% on Monday.

The weekday on which the Nexo performed the worst, is Wednesday. On Wednesdays, the Nexo declined in value on average by -1.49%.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.02%. 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 (0.05%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of -0.03% and 0.08%.

Nexo increased in value on an average Monday only slightly. The average increase in value of the Nexo was 0.04%. 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 (0.09%). This means that on 68 percent of the Mondays, the change in price of the Nexo is expected to be in the range of -0.05% and 0.14%.

Nexo increased in value on an average Tuesday only slightly. The average increase in value of the Nexo was 0.01%. 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 (0.05%). This means that on 68 percent of the Tuesdays, the change in price of the Nexo is expected to be in the range of -0.04% and 0.05%.

The Nexo declines in value on an average Wednesday with -1.49%. However, the uncertainty (or standard deviation) is quite large, namely 6.35%. This means that it is not possible to say whether on a regular Wednesday the Nexo will increase or decrease in value.

Nexo increased in value on an average Thursday only slightly. The average increase in value of the Nexo was 0.03%. 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 (0.12%). This means that on 68 percent of the Thursdays, the change in price of the Nexo is expected to be in the range of -0.08% and 0.15%.

Nexo increased in value on an average Friday only slightly. The average increase in value of the Nexo was 0.03%. 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 (0.05%). This means that on 68 percent of the Fridays, the change in price of the Nexo is expected to be in the range of -0.01% and 0.08%.

Nexo increased in value on an average Saturday only slightly. The average increase in value of the Nexo was 0.01%. 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 (0.03%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -0.02% and 0.04%.

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 0.02% 0.05% -0.03% to 0.08%
Monday 0.04% 0.09% -0.05% to 0.14%
Tuesday 0.01% 0.05% -0.04% to 0.05%
Wednesday -1.49% 6.35% -7.84% to 4.87%
Thursday 0.03% 0.12% -0.08% to 0.15%
Friday 0.03% 0.05% -0.01% to 0.08%
Saturday 0.01% 0.03% -0.02% to 0.04%
 

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