Horizen (ZEN)

Current price: $ 54.69

24 hours price change: $ 10.51 (23.80%)

Daily analysis of Horizen (ZEN) - 1 month

The performance of Horizen regarding the price differs every day. To make the best decision to buy Horizen, we are analysis in this article the performance of Horizen on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 8th, 2021 to March 8th, 2021.

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

Average daily change in price of Horizen per weekday between 02/08/2021 and 03/08/2021.

According to the performance of Horizen between February 8th, 2021 and March 8th, 2021, Horizen performed the best on Tuesdays. On average, the price of Horizen increased 7.03% on Tuesday.

The weekday on which the Horizen performed the worst, is Friday. On Fridays, the Horizen declined in value on average by -4.16%.

Horizen weekday performance

The Horizen declines in value on an average Sunday with -1.26%. However, the uncertainty (or standard deviation) is quite large, namely 5.51%. This means that it is not possible to say whether on a regular Sunday the Horizen will increase or decrease in value.

Horizen increased in value on an average Monday only slightly. The average increase in value of the Horizen was 0.14%. Allthough the Horizen closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.45%). This means that on 68 percent of the Mondays, the change in price of the Horizen is expected to be in the range of -3.31% and 3.60%.

On Tuesdays, the average increase of the value of the Horizen is very high. The average increase is 7.03%. The standard deviation of the Horizen on Tuesdays is 6.49%. This means that on 68% of the Tuesdays, the Horizen increases between 0.54% and 13.52%. The uncertainty is therefore not very high, since on most Tuesdays, the value of the Horizen will increase.

Historical performance on Wednesday do not show an increase in value of the Horizen on which a prediction can be made. The Horizen increased in value on average on an average Wednesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Horizen on a Wednesday is between -2.39% and 3.90% (see also the table below).

On an average Thursday the Horizen shows a high increase in value, namely 1.73%. The standard deviation is below the average increase percentage (standard deviation is 1.68%), meaning that on 68% of the Thursdays the Horizen will increase with a percentage between 0.05% and 3.42%. This also means that, on average, on 16 percent of the Thursdays, the Horizen will increase with a percentage above this range. On the other 16% of the Thursdays, the Horizen will change with a percentage below the 0.05%.

The decrease in value of the Horizen is -4.16% on an average Friday. The uncertainty of the average change is high for the Horizen on Fridays. This means that it is hard to tell whether the Horizen will decrease or increase in value on an average Friday. If we look at the 68% range of the Horizen, we see that on 68% of the Fridays, the expected change of the Horizen is between -7.75% and -0.58%.

The increase in value of the Horizen is 4.66% on an average Saturday. However, the uncertainty on the average change is high for the Horizen on Saturdays. This is the reason why an expected increase of the Horizen on an average Saturday cannot be predicted. The standard deviation for Horizen on Saturdays is high, namely 6.96%. This means that the expected range of value change for the Horizen is -2.29% and 11.62% on 68% of the Saturdays.

Horizen weekday performance details

Find below the details of the performance of Horizen 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 -1.26% 5.51% -6.76% to 4.25%
Monday 0.14% 3.45% -3.31% to 3.60%
Tuesday 7.03% 6.49% 0.54% to 13.52%
Wednesday 0.76% 3.15% -2.39% to 3.90%
Thursday 1.73% 1.68% 0.05% to 3.42%
Friday -4.16% 3.58% -7.75% to -0.58%
Saturday 4.66% 6.96% -2.29% to 11.62%
 

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