Current price: $ 0.000377

24 hours price change: $ 0.000003 (0.70%)

Daily analysis of XMAX (XMX) - 1 month

The performance of XMAX regarding the price differs every day. To make the best decision to buy XMAX, we are analysis in this article the performance of XMAX on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

In the barchart below, the weekdays and average performance of XMAX are shown side by side.

Average daily change in price of XMAX per weekday between 02/06/2021 and 03/06/2021.

According to the performance of XMAX between February 6th, 2021 and March 6th, 2021, XMAX performed the best on Thursdays. On average, the price of XMAX increased 4.20% on Thursday.

The weekday on which the XMAX performed the worst, is Sunday. On Sundays, the XMAX declined in value on average by -5.00%.

XMAX weekday performance

The decrease in value of the XMAX is -5.00% on an average Sunday. The uncertainty of the average change is high for the XMAX on Sundays. This means that it is hard to tell whether the XMAX will decrease or increase in value on an average Sunday. If we look at the 68% range of the XMAX, we see that on 68% of the Sundays, the expected change of the XMAX is between -11.72% and 1.71%.

Allthough the XMAX decreases in value with -0.48% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of XMAX on Mondays is 2.09%. This means that the expected change of the value of XMAX is between -2.57% and 1.61% on 68 out of 100 Mondays.

XMAX increased in value on an average Tuesday only slightly. The average increase in value of the XMAX was 0.30%. Allthough the XMAX closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.42%). This means that on 68 percent of the Tuesdays, the change in price of the XMAX is expected to be in the range of -1.12% and 1.72%.

Historical performance on Wednesday do not show an increase in value of the XMAX on which a prediction can be made. The XMAX increased in value on average on an average Wednesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the XMAX on a Wednesday is between -1.47% and 2.77% (see also the table below).

The increase in value of the XMAX is 4.20% on an average Thursday. However, the uncertainty on the average change is high for the XMAX on Thursdays. This is the reason why an expected increase of the XMAX on an average Thursday cannot be predicted. The standard deviation for XMAX on Thursdays is high, namely 6.54%. This means that the expected range of value change for the XMAX is -2.35% and 10.74% on 68% of the Thursdays.

The XMAX declines in value on an average Friday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 1.45%. This means that it is not possible to say whether on a regular Friday the XMAX will increase or decrease in value.

On an average Saturday the XMAX shows an increase in value of 2.60%. However, the change of XMAX on most of the Saturdays is between -2.20% and 7.41%. Therefore it is hard to tell whether an average Saturday is a good day to start buying XMAXs.

XMAX weekday performance details

Find below the details of the performance of XMAX 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 -5.00% 6.71% -11.72% to 1.71%
Monday -0.48% 2.09% -2.57% to 1.61%
Tuesday 0.30% 1.42% -1.12% to 1.72%
Wednesday 0.65% 2.12% -1.47% to 2.77%
Thursday 4.20% 6.54% -2.35% to 10.74%
Friday -1.24% 1.45% -2.68% to 0.21%
Saturday 2.60% 4.80% -2.20% to 7.41%

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