Nexo (NEXO)

Current price: $ 1.91

24 hours price change: $ -0.04 (-2.15%)

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 May 13th, 2021 to June 13th, 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 05/13/2021 and 06/13/2021.

According to the performance of Nexo between May 13th, 2021 and June 13th, 2021, Nexo performed the best on Wednesdays. On average, the price of Nexo increased 6.90% on Wednesday.

The weekday on which the Nexo performed the worst, is Friday. On Fridays, the Nexo declined in value on average by -3.21%.

Nexo weekday performance

On an average Sunday the Nexo shows an increase in value of 1.08%. However, the change of Nexo on most of the Sundays is between -0.96% and 3.12%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Nexos.

On an average Monday the Nexo shows an increase in value of 1.84%. However, the change of Nexo on most of the Mondays is between -0.79% and 4.47%. Therefore it is hard to tell whether an average Monday is a good day to start buying Nexos.

Nexo increased in value on an average Tuesday 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 (0.61%). This means that on 68 percent of the Tuesdays, the change in price of the Nexo is expected to be in the range of -0.58% and 0.63%.

The increase in value of the Nexo is 6.90% on an average Wednesday. However, the uncertainty on the average change is high for the Nexo on Wednesdays. This is the reason why an expected increase of the Nexo on an average Wednesday cannot be predicted. The standard deviation for Nexo on Wednesdays is high, namely 11.68%. This means that the expected range of value change for the Nexo is -4.78% and 18.58% on 68% of the Wednesdays.

The Nexo declines in value on an average Thursday with -2.52%. However, the uncertainty (or standard deviation) is quite large, namely 5.31%. This means that it is not possible to say whether on a regular Thursday the Nexo will increase or decrease in value.

The decrease in value of the Nexo is -3.21% on an average Friday. The uncertainty of the average change is high for the Nexo on Fridays. This means that it is hard to tell whether the Nexo will decrease or increase in value on an average Friday. If we look at the 68% range of the Nexo, we see that on 68% of the Fridays, the expected change of the Nexo is between -9.46% and 3.04%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Saturday. The average change on a Saturday for the Nexo is -0.27%. However, the standard deviation on this weekday is 0.45%. This means that on most Saturdays, the change in value of the Nexo is between -0.71% and 0.18%.

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 1.08% 2.04% -0.96% to 3.12%
Monday 1.84% 2.63% -0.79% to 4.47%
Tuesday 0.03% 0.61% -0.58% to 0.63%
Wednesday 6.90% 11.68% -4.78% to 18.58%
Thursday -2.52% 5.31% -7.83% to 2.80%
Friday -3.21% 6.25% -9.46% to 3.04%
Saturday -0.27% 0.45% -0.71% to 0.18%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.