Tezos (XTZ)

Current price: $ 3.56

24 hours price change: $ 0.10 (2.77%)

Daily analysis of Tezos (XTZ) - 1 month

The performance of Tezos regarding the price differs every day. To make the best decision to buy Tezos, we are analysis in this article the performance of Tezos on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 2nd, 2021 to March 2nd, 2021.

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

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

According to the performance of Tezos between February 2nd, 2021 and March 2nd, 2021, Tezos performed the best on Saturdays. On average, the price of Tezos increased 3.12% on Saturday.

The weekday on which the Tezos performed the worst, is Sunday. On Sundays, the Tezos declined in value on average by -2.45%.

Tezos weekday performance

The Tezos declines in value on an average Sunday with -2.45%. However, the uncertainty (or standard deviation) is quite large, namely 2.31%. This means that it is not possible to say whether on a regular Sunday the Tezos will increase or decrease in value.

The Tezos declines in value on an average Monday with -2.24%. However, the uncertainty (or standard deviation) is quite large, namely 2.94%. This means that it is not possible to say whether on a regular Monday the Tezos will increase or decrease in value.

It is hard to tell whether the Tezos will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Tezos is -0.14%. However, the standard deviation on this weekday is 2.03%. This means that on most Tuesdays, the change in value of the Tezos is between -2.18% and 1.89%.

Allthough the Tezos decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Wednesdays is 0.27%. This means that the expected change of the value of Tezos is between -0.81% and -0.27% on 68 out of 100 Wednesdays.

On an average Thursday the Tezos shows a high increase in value, namely 2.33%. The standard deviation is below the average increase percentage (standard deviation is 1.23%), meaning that on 68% of the Thursdays the Tezos will increase with a percentage between 1.10% and 3.57%. This also means that, on average, on 16 percent of the Thursdays, the Tezos will increase with a percentage above this range. On the other 16% of the Thursdays, the Tezos will change with a percentage below the 1.10%.

Historical performance on Friday do not show an increase in value of the Tezos on which a prediction can be made. The Tezos increased in value on average on an average Friday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Tezos on a Friday is between -1.49% and 3.00% (see also the table below).

The increase in value of the Tezos is 3.12% on an average Saturday. However, the uncertainty on the average change is high for the Tezos on Saturdays. This is the reason why an expected increase of the Tezos on an average Saturday cannot be predicted. The standard deviation for Tezos on Saturdays is high, namely 3.20%. This means that the expected range of value change for the Tezos is -0.08% and 6.31% on 68% of the Saturdays.

Tezos weekday performance details

Find below the details of the performance of Tezos 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 -2.45% 2.31% -4.76% to -0.14%
Monday -2.24% 2.94% -5.18% to 0.71%
Tuesday -0.14% 2.03% -2.18% to 1.89%
Wednesday -0.54% 0.27% -0.81% to -0.27%
Thursday 2.33% 1.23% 1.10% to 3.57%
Friday 0.75% 2.25% -1.49% to 3.00%
Saturday 3.12% 3.20% -0.08% to 6.31%
 

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