Nexo (NEXO)

Current price: $ 0.22

24 hours price change: $ -0.001476 (-0.67%)

Daily analysis of Nexo (NEXO) - 1 year

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 year, starting on July 10th, 2019 to July 9th, 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 07/10/2019 and 07/09/2020.

According to the performance of Nexo between July 10th, 2019 and July 9th, 2020, Nexo performed the best on Sundays. On average, the price of Nexo increased 1.00% on Sunday.

The weekday on which the Nexo performed the worst, is Saturday. On Saturdays, the Nexo declined in value on average by -0.57%.

Nexo weekday performance

Historical performance on Sunday 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 Sunday with 1.00%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Sunday is between -1.73% and 3.72% (see also the table below).

Allthough the Nexo decreases in value with -0.51% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Mondays is 3.03%. This means that the expected change of the value of Nexo is between -3.54% and 2.52% on 68 out of 100 Mondays.

On an average Tuesday, the Nexo increased 0.33%. However, since the expected deviation is 3.62%, the Nexo will decline in value on a Tuesday quiet regularly. The expected price change of the Nexo on a Tuesday is between -3.29% and 3.96%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Nexo is -0.25%. However, the standard deviation on this weekday is 3.10%. This means that on most Wednesdays, the change in value of the Nexo is between -3.35% and 2.85%.

On an average Thursday, the Nexo increased 0.32%. However, since the expected deviation is 2.00%, the Nexo will decline in value on a Thursday quiet regularly. The expected price change of the Nexo on a Thursday is between -1.68% and 2.32%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Friday. The average change on a Friday for the Nexo is -0.21%. However, the standard deviation on this weekday is 1.38%. This means that on most Fridays, the change in value of the Nexo is between -1.59% and 1.17%.

Allthough the Nexo decreases in value with -0.57% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Nexo on Saturdays is 2.85%. This means that the expected change of the value of Nexo is between -3.42% and 2.27% on 68 out of 100 Saturdays.

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 1.00% 2.73% -1.73% to 3.72%
Monday -0.51% 3.03% -3.54% to 2.52%
Tuesday 0.33% 3.62% -3.29% to 3.96%
Wednesday -0.25% 3.10% -3.35% to 2.85%
Thursday 0.32% 2.00% -1.68% to 2.32%
Friday -0.21% 1.38% -1.59% to 1.17%
Saturday -0.57% 2.85% -3.42% to 2.27%
 

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