Tezos (XTZ)

Current price: $ 3.62

24 hours price change: $ 0.30 (9.17%)

Daily analysis of Tezos (XTZ) - 6 months

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 6 months, starting on September 1st, 2020 to March 1st, 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 09/01/2020 and 03/01/2021.

According to the performance of Tezos between September 1st, 2020 and March 1st, 2021, Tezos performed the best on Thursdays. On average, the price of Tezos increased 0.97% on Thursday.

The weekday on which the Tezos performed the worst, is Monday. On Mondays, the Tezos declined in value on average by -0.52%.

Tezos weekday performance

Allthough the Tezos decreases in value with -0.30% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Sundays is 2.20%. This means that the expected change of the value of Tezos is between -2.51% and 1.90% on 68 out of 100 Sundays.

Allthough the Tezos decreases in value with -0.52% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Mondays is 1.92%. This means that the expected change of the value of Tezos is between -2.44% and 1.39% on 68 out of 100 Mondays.

Tezos increased in value on an average Tuesday only slightly. The average increase in value of the Tezos was 0.06%. Allthough the Tezos closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.40%). This means that on 68 percent of the Tuesdays, the change in price of the Tezos is expected to be in the range of -1.34% and 1.46%.

It is hard to tell whether the Tezos will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Tezos is -0.03%. However, the standard deviation on this weekday is 3.97%. This means that on most Wednesdays, the change in value of the Tezos is between -4.00% and 3.94%.

Historical performance on Thursday 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 Thursday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the Tezos on a Thursday is between -2.90% and 4.84% (see also the table below).

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 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Tezos on a Friday is between -1.45% and 2.91% (see also the table below).

On an average Saturday, the Tezos increased 0.42%. However, since the expected deviation is 2.36%, the Tezos will decline in value on a Saturday quiet regularly. The expected price change of the Tezos on a Saturday is between -1.94% and 2.79%.

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 -0.30% 2.20% -2.51% to 1.90%
Monday -0.52% 1.92% -2.44% to 1.39%
Tuesday 0.06% 1.40% -1.34% to 1.46%
Wednesday -0.03% 3.97% -4.00% to 3.94%
Thursday 0.97% 3.87% -2.90% to 4.84%
Friday 0.73% 2.18% -1.45% to 2.91%
Saturday 0.42% 2.36% -1.94% to 2.79%
 

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