Tezos (XTZ)

Current price: $ 0.45

24 hours price change: $ 0.0098 (2.23%)

Daily analysis of Tezos (XTZ) - 1 month

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 1 month, starting on November 18th, 2018 to December 17th, 2018.

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 11/18/2018 and 12/17/2018.

According to the performance of Tezos between November 18th, 2018 and December 17th, 2018, Tezos performed the best on Fridays. On average, the price of Tezos increased 1.45% on Friday.

The weekday on which the Tezos performed the worst, is Sunday. On Sundays, the Tezos declined in value on average by -2.02%.

Tezos weekday performance

The Tezos declines in value on an average Sunday with -2.02%. However, the uncertainty (or standard deviation) is quite large, namely 1.50%. This means that it is not possible to say whether on a regular Sunday the Tezos will increase or decrease in value.

Tezos increased in value on an average Monday only slightly. The average increase in value of the Tezos was 0.13%. 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 (1.19%). This means that on 68 percent of the Mondays, the change in price of the Tezos is expected to be in the range of -1.05% and 1.32%.

It is hard to tell whether the Tezos will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Tezos is -0.16%. However, the standard deviation on this weekday is 2.74%. This means that on most Tuesdays, the change in value of the Tezos is between -2.90% and 2.58%.

Allthough the Tezos decreases in value with -0.58% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Wednesdays is 2.47%. This means that the expected change of the value of Tezos is between -3.05% and 1.90% on 68 out of 100 Wednesdays.

Allthough the Tezos decreases in value with -0.39% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Thursdays is 2.21%. This means that the expected change of the value of Tezos is between -2.60% and 1.81% on 68 out of 100 Thursdays.

On an average Friday the Tezos shows a high increase in value, namely 1.45%. The standard deviation is below the average increase percentage (standard deviation is 0.95%), meaning that on 68% of the Fridays the Tezos will increase with a percentage between 0.50% and 2.40%. This also means that, on average, on 16 percent of the Fridays, the Tezos will increase with a percentage above this range. On the other 16% of the Fridays, the Tezos will change with a percentage below the 0.50%.

The Tezos declines in value on an average Saturday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 2.36%. This means that it is not possible to say whether on a regular Saturday the Tezos will increase or decrease in value.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-2.02%1.50%-3.52% to -0.52%
Monday0.13%1.19%-1.05% to 1.32%
Tuesday-0.16%2.74%-2.90% to 2.58%
Wednesday-0.58%2.47%-3.05% to 1.90%
Thursday-0.39%2.21%-2.60% to 1.81%
Friday1.45%0.95%0.50% to 2.40%
Saturday-1.31%2.36%-3.67% to 1.05%