Nexo (NEXO)

Current price: $ 1.62

24 hours price change: $ -0.15 (-8.39%)

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 July 24th, 2021 to January 24th, 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 07/24/2021 and 01/24/2022.

According to the performance of Nexo between July 24th, 2021 and January 24th, 2022, Nexo performed the best on Wednesdays. On average, the price of Nexo increased 0.17% on Wednesday.

The weekday on which the Nexo performed the worst, is Monday. On Mondays, the Nexo declined in value on average by -0.16%.

Nexo weekday performance

It is hard to tell whether the Nexo will increase or decrease in value on an average Sunday. The average change on a Sunday for the Nexo is -0.06%. However, the standard deviation on this weekday is 2.22%. This means that on most Sundays, the change in value of the Nexo is between -2.28% and 2.15%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Monday. The average change on a Monday for the Nexo is -0.16%. However, the standard deviation on this weekday is 1.07%. This means that on most Mondays, the change in value of the Nexo is between -1.24% and 0.91%.

Nexo increased in value on an average Tuesday 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 (1.56%). This means that on 68 percent of the Tuesdays, the change in price of the Nexo is expected to be in the range of -1.41% and 1.71%.

Nexo increased in value on an average Wednesday only slightly. The average increase in value of the Nexo was 0.17%. 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 (0.74%). This means that on 68 percent of the Wednesdays, the change in price of the Nexo is expected to be in the range of -0.57% and 0.91%.

It is hard to tell whether the Nexo will increase or decrease in value on an average Thursday. The average change on a Thursday for the Nexo is -0.05%. However, the standard deviation on this weekday is 2.87%. This means that on most Thursdays, the change in value of the Nexo is between -2.93% and 2.82%.

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 -0.04%. However, the standard deviation on this weekday is 1.42%. This means that on most Fridays, the change in value of the Nexo is between -1.46% and 1.38%.

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 -0.04%. However, the standard deviation on this weekday is 1.08%. This means that on most Saturdays, the change in value of the Nexo is between -1.13% and 1.04%.

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 -0.06% 2.22% -2.28% to 2.15%
Monday -0.16% 1.07% -1.24% to 0.91%
Tuesday 0.15% 1.56% -1.41% to 1.71%
Wednesday 0.17% 0.74% -0.57% to 0.91%
Thursday -0.05% 2.87% -2.93% to 2.82%
Friday -0.04% 1.42% -1.46% to 1.38%
Saturday -0.04% 1.08% -1.13% to 1.04%
 

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