Nexo (NEXO)

Current price: $ 2.01

24 hours price change: $ 0.10 (5.36%)

Daily analysis of Nexo (NEXO) - 6 months

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 6 months, starting on December 13th, 2020 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 12/13/2020 and 06/13/2021.

According to the performance of Nexo between December 13th, 2020 and June 13th, 2021, Nexo performed the best on Mondays. On average, the price of Nexo increased 1.19% on Monday.

The weekday on which the Nexo performed the worst, is Thursday. On Thursdays, the Nexo rose in value on average by 0.08%. The price still increased on Thursdays, allthough it was the smallest increase of all days on average.

Nexo weekday performance

Nexo increased in value on an average Sunday only slightly. The average increase in value of the Nexo was 0.13%. 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 (1.75%). This means that on 68 percent of the Sundays, the change in price of the Nexo is expected to be in the range of -1.62% and 1.89%.

On an average Monday the Nexo shows an increase in value of 1.19%. However, the change of Nexo on most of the Mondays is between -1.49% and 3.86%. Therefore it is hard to tell whether an average Monday is a good day to start buying Nexos.

On an average Tuesday, the Nexo increased 0.35%. However, since the expected deviation is 1.58%, the Nexo will decline in value on a Tuesday quiet regularly. The expected price change of the Nexo on a Tuesday is between -1.23% and 1.93%.

Historical performance on Wednesday 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 Wednesday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Nexo on a Wednesday is between -5.20% and 7.09% (see also the table below).

Nexo increased in value on an average Thursday only slightly. The average increase in value of the Nexo was 0.08%. 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 (3.10%). This means that on 68 percent of the Thursdays, the change in price of the Nexo is expected to be in the range of -3.02% and 3.18%.

Nexo increased in value on an average Friday 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 (4.58%). This means that on 68 percent of the Fridays, the change in price of the Nexo is expected to be in the range of -4.42% and 4.73%.

Nexo increased in value on an average Saturday only slightly. The average increase in value of the Nexo was 0.22%. 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 (2.02%). This means that on 68 percent of the Saturdays, the change in price of the Nexo is expected to be in the range of -1.80% and 2.23%.

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% 1.75% -1.62% to 1.89%
Monday 1.19% 2.67% -1.49% to 3.86%
Tuesday 0.35% 1.58% -1.23% to 1.93%
Wednesday 0.95% 6.15% -5.20% to 7.09%
Thursday 0.08% 3.10% -3.02% to 3.18%
Friday 0.15% 4.58% -4.42% to 4.73%
Saturday 0.22% 2.02% -1.80% to 2.23%
 

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