Zcash (ZEC)

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Daily analysis of Zcash (ZEC) - 1 month

The performance of Zcash regarding the price differs every day. To make the best decision to buy Zcash, we are analysis in this article the performance of Zcash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 22nd, 2024 to May 17th, 2024.

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

Average daily change in price of Zcash per weekday between 04/22/2024 and 05/17/2024.

According to the performance of Zcash between April 22nd, 2024 and May 17th, 2024, Zcash performed the best on Wednesdays. On average, the price of Zcash increased 0.54% on Wednesday.

The weekday on which the Zcash performed the worst, is Tuesday. On Tuesdays, the Zcash declined in value on average by -1.12%.

Zcash weekday performance

The Zcash declines in value on an average Sunday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 1.51%. This means that it is not possible to say whether on a regular Sunday the Zcash will increase or decrease in value.

It is hard to tell whether the Zcash will increase or decrease in value on an average Monday. The average change on a Monday for the Zcash is -0.06%. However, the standard deviation on this weekday is 0.18%. This means that on most Mondays, the change in value of the Zcash is between -0.23% and 0.12%.

The Zcash declines in value on an average Tuesday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 1.93%. This means that it is not possible to say whether on a regular Tuesday the Zcash will increase or decrease in value.

On an average Wednesday, the Zcash increased 0.54%. However, since the expected deviation is 0.94%, the Zcash will decline in value on a Wednesday quiet regularly. The expected price change of the Zcash on a Wednesday is between -0.40% and 1.48%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Thursday. The average change on a Thursday for the Zcash is -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Thursdays, the change in value of the Zcash is between -0.13% and 0.04%.

Allthough the Zcash decreases in value with -0.56% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Zcash on Fridays is 0.87%. This means that the expected change of the value of Zcash is between -1.43% and 0.32% on 68 out of 100 Fridays.

On an average Saturday, the Zcash increased 0.47%. However, since the expected deviation is 0.67%, the Zcash will decline in value on a Saturday quiet regularly. The expected price change of the Zcash on a Saturday is between -0.20% and 1.13%.

Zcash weekday performance details

Find below the details of the performance of Zcash 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 -1.09% 1.51% -2.60% to 0.42%
Monday -0.06% 0.18% -0.23% to 0.12%
Tuesday -1.12% 1.93% -3.05% to 0.82%
Wednesday 0.54% 0.94% -0.40% to 1.48%
Thursday -0.04% 0.08% -0.13% to 0.04%
Friday -0.56% 0.87% -1.43% to 0.32%
Saturday 0.47% 0.67% -0.20% to 1.13%
 

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