Zcash (ZEC)

Current price: $ 328.91

24 hours price change: $ 34.36 (11.67%)

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 12th, 2021 to May 12th, 2021.

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 04/12/2021 and 05/12/2021.

According to the performance of Zcash between April 12th, 2021 and May 12th, 2021, Zcash performed the best on Mondays. On average, the price of Zcash increased 2.46% on Monday.

The weekday on which the Zcash performed the worst, is Thursday. On Thursdays, the Zcash declined in value on average by -1.09%.

Zcash weekday performance

Zcash increased in value on an average Sunday only slightly. The average increase in value of the Zcash was 0.04%. Allthough the Zcash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.15%). This means that on 68 percent of the Sundays, the change in price of the Zcash is expected to be in the range of -0.11% and 0.19%.

On an average Monday the Zcash shows an increase in value of 2.46%. However, the change of Zcash on most of the Mondays is between -2.43% and 7.36%. Therefore it is hard to tell whether an average Monday is a good day to start buying Zcashs.

On an average Tuesday the Zcash shows an increase in value of 1.27%. However, the change of Zcash on most of the Tuesdays is between -1.31% and 3.85%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Zcashs.

It is hard to tell whether the Zcash will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Zcash is -0.07%. However, the standard deviation on this weekday is 0.17%. This means that on most Wednesdays, the change in value of the Zcash is between -0.25% and 0.10%.

The Zcash declines in value on an average Thursday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 2.06%. This means that it is not possible to say whether on a regular Thursday the Zcash will increase or decrease in value.

On an average Friday the Zcash shows an increase in value of 1.70%. However, the change of Zcash on most of the Fridays is between -1.29% and 4.68%. Therefore it is hard to tell whether an average Friday is a good day to start buying Zcashs.

Zcash increased in value on an average Saturday only slightly. The average increase in value of the Zcash was 0.02%. Allthough the Zcash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.04%). This means that on 68 percent of the Saturdays, the change in price of the Zcash is expected to be in the range of -0.02% and 0.05%.

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 0.04% 0.15% -0.11% to 0.19%
Monday 2.46% 4.89% -2.43% to 7.36%
Tuesday 1.27% 2.58% -1.31% to 3.85%
Wednesday -0.07% 0.17% -0.25% to 0.10%
Thursday -1.09% 2.06% -3.15% to 0.97%
Friday 1.70% 2.98% -1.29% to 4.68%
Saturday 0.02% 0.04% -0.02% to 0.05%
 

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