Synthetix Network Token (SNX)

Current price: $ 2.47

24 hours price change: $ -0.08 (-3.03%)

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

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 year, starting on July 7th, 2019 to July 6th, 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 07/07/2019 and 07/06/2020.

According to the performance of Synthetix Network Token between July 7th, 2019 and July 6th, 2020, Synthetix Network Token performed the best on Saturdays. On average, the price of Synthetix Network Token increased 0.60% on Saturday.

The weekday on which the Synthetix Network Token performed the worst, is Friday. On Fridays, the Synthetix Network Token declined in value on average by -0.93%.

Synthetix Network Token weekday performance

On an average Sunday, the Synthetix Network Token increased 0.30%. However, since the expected deviation is 3.31%, the Synthetix Network Token will decline in value on a Sunday quiet regularly. The expected price change of the Synthetix Network Token on a Sunday is between -3.01% and 3.62%.

It is hard to tell whether the Synthetix Network Token will increase or decrease in value on an average Monday. The average change on a Monday for the Synthetix Network Token is -0.02%. However, the standard deviation on this weekday is 3.51%. This means that on most Mondays, the change in value of the Synthetix Network Token is between -3.53% and 3.49%.

On an average Tuesday, the Synthetix Network Token increased 0.34%. However, since the expected deviation is 3.47%, the Synthetix Network Token will decline in value on a Tuesday quiet regularly. The expected price change of the Synthetix Network Token on a Tuesday is between -3.13% and 3.81%.

On an average Wednesday, the Synthetix Network Token increased 0.50%. However, since the expected deviation is 4.58%, the Synthetix Network Token will decline in value on a Wednesday quiet regularly. The expected price change of the Synthetix Network Token on a Wednesday is between -4.08% and 5.09%.

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 -0.21%. However, the standard deviation on this weekday is 2.37%. This means that on most Thursdays, the change in value of the Synthetix Network Token is between -2.58% and 2.16%.

On Fridays, the Synthetix Network Token decreases in value on average with -0.93%. On most of the Fridays the Synthetix Network Token decreases in value between -3.62% and 1.76%. The uncertainty (2.69%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the Synthetix Network Token on Fridays is large.

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 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Synthetix Network Token on a Saturday is between -3.02% and 4.22% (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 0.30% 3.31% -3.01% to 3.62%
Monday -0.02% 3.51% -3.53% to 3.49%
Tuesday 0.34% 3.47% -3.13% to 3.81%
Wednesday 0.50% 4.58% -4.08% to 5.09%
Thursday -0.21% 2.37% -2.58% to 2.16%
Friday -0.93% 2.69% -3.62% to 1.76%
Saturday 0.60% 3.62% -3.02% to 4.22%
 

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