Zcash (ZEC)

Current price: $ 122.35

24 hours price change: $ 7.24 (6.29%)

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 February 2nd, 2021 to March 2nd, 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 02/02/2021 and 03/02/2021.

According to the performance of Zcash between February 2nd, 2021 and March 2nd, 2021, Zcash performed the best on Saturdays. On average, the price of Zcash increased 6.88% on Saturday.

The weekday on which the Zcash performed the worst, is Sunday. On Sundays, the Zcash declined in value on average by -2.40%.

Zcash weekday performance

The Zcash declines in value on an average Sunday with -2.40%. However, the uncertainty (or standard deviation) is quite large, namely 2.86%. This means that it is not possible to say whether on a regular Sunday the Zcash will increase or decrease in value.

The Zcash declines in value on an average Monday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 3.07%. This means that it is not possible to say whether on a regular Monday the Zcash will increase or decrease in value.

Zcash increased in value on an average Tuesday only slightly. The average increase in value of the Zcash was 0.18%. 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 (2.10%). This means that on 68 percent of the Tuesdays, the change in price of the Zcash is expected to be in the range of -1.92% and 2.28%.

Zcash increased in value on an average Wednesday only slightly. The average increase in value of the Zcash was 0.21%. 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 (1.32%). This means that on 68 percent of the Wednesdays, the change in price of the Zcash is expected to be in the range of -1.11% and 1.52%.

On an average Thursday the Zcash shows a high increase in value, namely 1.73%. The standard deviation is below the average increase percentage (standard deviation is 1.38%), meaning that on 68% of the Thursdays the Zcash will increase with a percentage between 0.34% and 3.11%. This also means that, on average, on 16 percent of the Thursdays, the Zcash will increase with a percentage above this range. On the other 16% of the Thursdays, the Zcash will change with a percentage below the 0.34%.

Zcash increased in value on an average Friday only slightly. The average increase in value of the Zcash was 0.23%. 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 (2.14%). This means that on 68 percent of the Fridays, the change in price of the Zcash is expected to be in the range of -1.92% and 2.37%.

The increase in value of the Zcash is 6.88% on an average Saturday. However, the uncertainty on the average change is high for the Zcash on Saturdays. This is the reason why an expected increase of the Zcash on an average Saturday cannot be predicted. The standard deviation for Zcash on Saturdays is high, namely 9.47%. This means that the expected range of value change for the Zcash is -2.59% and 16.35% on 68% of the Saturdays.

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 -2.40% 2.86% -5.27% to 0.46%
Monday -1.55% 3.07% -4.62% to 1.52%
Tuesday 0.18% 2.10% -1.92% to 2.28%
Wednesday 0.21% 1.32% -1.11% to 1.52%
Thursday 1.73% 1.38% 0.34% to 3.11%
Friday 0.23% 2.14% -1.92% to 2.37%
Saturday 6.88% 9.47% -2.59% to 16.35%
 

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