Horizen (ZEN)

Current price: $ 75.60

24 hours price change: $ -3.21 (-4.07%)

Daily analysis of Horizen (ZEN) - 6 months

The performance of Horizen regarding the price differs every day. To make the best decision to buy Horizen, we are analysis in this article the performance of Horizen on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on April 17th, 2021 to October 17th, 2021.

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

Average daily change in price of Horizen per weekday between 04/17/2021 and 10/17/2021.

According to the performance of Horizen between April 17th, 2021 and October 17th, 2021, Horizen performed the best on Wednesdays. On average, the price of Horizen increased 1.31% on Wednesday.

The weekday on which the Horizen performed the worst, is Friday. On Fridays, the Horizen declined in value on average by -1.08%.

Horizen weekday performance

Horizen increased in value on an average Sunday only slightly. The average increase in value of the Horizen was 0.16%. Allthough the Horizen closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.18%). This means that on 68 percent of the Sundays, the change in price of the Horizen is expected to be in the range of -3.02% and 3.34%.

Horizen increased in value on an average Monday only slightly. The average increase in value of the Horizen was 0.23%. Allthough the Horizen closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.34%). This means that on 68 percent of the Mondays, the change in price of the Horizen is expected to be in the range of -5.11% and 5.57%.

It is hard to tell whether the Horizen will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Horizen is 0.00%. However, the standard deviation on this weekday is 2.23%. This means that on most Tuesdays, the change in value of the Horizen is between -2.24% and 2.23%.

On an average Wednesday the Horizen shows an increase in value of 1.31%. However, the change of Horizen on most of the Wednesdays is between -3.37% and 5.98%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Horizens.

On Thursdays, the Horizen decreases in value on average with -0.71%. On most of the Thursdays the Horizen decreases in value between -3.02% and 1.60%. The uncertainty (2.31%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Horizen on Thursdays is large.

The Horizen declines in value on an average Friday with -1.08%. However, the uncertainty (or standard deviation) is quite large, namely 4.19%. This means that it is not possible to say whether on a regular Friday the Horizen will increase or decrease in value.

Historical performance on Saturday do not show an increase in value of the Horizen on which a prediction can be made. The Horizen increased in value on average on an average Saturday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Horizen on a Saturday is between -3.50% and 5.24% (see also the table below).

Horizen weekday performance details

Find below the details of the performance of Horizen 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 0.16% 3.18% -3.02% to 3.34%
Monday 0.23% 5.34% -5.11% to 5.57%
Tuesday 0.00% 2.23% -2.24% to 2.23%
Wednesday 1.31% 4.67% -3.37% to 5.98%
Thursday -0.71% 2.31% -3.02% to 1.60%
Friday -1.08% 4.19% -5.27% to 3.11%
Saturday 0.87% 4.37% -3.50% to 5.24%
 

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