Synthetix Network Token (SNX)

Current price: $ 2.30

24 hours price change: $ -0.09 (-3.58%)

Daily analysis of Synthetix Network Token (SNX) - 1 month

The performance of Synthetix Network Token regarding the price differs every day. To make the best decision to buy Synthetix Network Token, we are analysis in this article the performance of Synthetix Network Token on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 4th, 2020 to July 3rd, 2020.

In the barchart below, the weekdays and average performance of Synthetix Network Token are shown side by side.

Average daily change in price of Synthetix Network Token per weekday between 06/04/2020 and 07/03/2020.

According to the performance of Synthetix Network Token between June 4th, 2020 and July 3rd, 2020, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 0.93% on Saturday.

The weekday on which the Synthetix Network Token performed the worst, is Thursday. On Thursdays, the Synthetix Network Token declined in value on average by -0.07%.

Synthetix Network Token weekday performance

Synthetix Network Token increased in value on an average Sunday only slightly. The average increase in value of the Synthetix Network Token was 0.11%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.16%). This means that on 68 percent of the Sundays, the change in price of the Synthetix Network Token is expected to be in the range of -0.05% and 0.27%.

The Synthetix Network Token will almost not change or only slightly increase in value on an average Monday. The average change of the Synthetix Network Token on Mondays is 0.14%. The standard deviation of the Synthetix Network Token is 0.07%, which means that in 68% of the Mondays, the range of the change of the Synthetix Network Token is 0.07% and 0.21%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Synthetix Network Token is -0.03%. However, the standard deviation on this weekday is 0.08%. This means that on most Tuesdays, the change in value of the Synthetix Network Token is between -0.10% and 0.05%.

Synthetix Network Token increased in value on an average Wednesday only slightly. The average increase in value of the Synthetix Network Token was 0.09%. Allthough the Synthetix Network Token closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.13%). This means that on 68 percent of the Wednesdays, the change in price of the Synthetix Network Token is expected to be in the range of -0.05% and 0.22%.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Thursday. The average change on a Thursday for the Synthetix Network Token is -0.07%. However, the standard deviation on this weekday is 0.15%. This means that on most Thursdays, the change in value of the Synthetix Network Token is between -0.22% and 0.08%.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Friday. The average change on a Friday for the Synthetix Network Token is -0.02%. However, the standard deviation on this weekday is 0.22%. This means that on most Fridays, the change in value of the Synthetix Network Token is between -0.23% and 0.20%.

Historical performance on Saturday do not show an increase in value of the Synthetix Network Token on which a prediction can be made. The Synthetix Network Token increased in value on average on an average Saturday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Saturday is between -0.74% and 2.61% (see also the table below).

Synthetix Network Token weekday performance details

Find below the details of the performance of Synthetix Network Token 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 0.11% 0.16% -0.05% to 0.27%
Monday 0.14% 0.07% 0.07% to 0.21%
Tuesday -0.03% 0.08% -0.10% to 0.05%
Wednesday 0.09% 0.13% -0.05% to 0.22%
Thursday -0.07% 0.15% -0.22% to 0.08%
Friday -0.02% 0.22% -0.23% to 0.20%
Saturday 0.93% 1.68% -0.74% to 2.61%
 

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