Tezos (XTZ)

Current price: $ 1.74

24 hours price change: $ 0.22 (14.23%)

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 13th, 2019 to December 12th, 2019.

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 11/13/2019 and 12/12/2019.

According to the performance of Tezos between November 13th, 2019 and December 12th, 2019, Tezos performed the best on Thursdays. On average, the price of Tezos increased 1.87% on Thursday.

The weekday on which the Tezos performed the worst, is Monday. On Mondays, the Tezos declined in value on average by -1.34%.

Tezos weekday performance

It is hard to tell whether the Tezos will increase or decrease in value on an average Sunday. The average change on a Sunday for the Tezos is -0.08%. However, the standard deviation on this weekday is 1.52%. This means that on most Sundays, the change in value of the Tezos is between -1.60% and 1.44%.

The Tezos declines in value on an average Monday with -1.34%. However, the uncertainty (or standard deviation) is quite large, namely 2.22%. This means that it is not possible to say whether on a regular Monday the Tezos will increase or decrease in value.

Allthough the Tezos decreases in value with -0.44% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Tuesdays is 1.45%. This means that the expected change of the value of Tezos is between -1.89% and 1.02% on 68 out of 100 Tuesdays.

It is hard to tell whether the Tezos will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Tezos is -0.02%. However, the standard deviation on this weekday is 0.56%. This means that on most Wednesdays, the change in value of the Tezos is between -0.58% and 0.53%.

On an average Thursday the Tezos shows a high increase in value, namely 1.87%. The standard deviation is below the average increase percentage (standard deviation is 1.50%), meaning that on 68% of the Thursdays the Tezos will increase with a percentage between 0.37% and 3.36%. This also means that, on average, on 16 percent of the Thursdays, the Tezos will increase with a percentage above this range. On the other 16% of the Thursdays, the Tezos will change with a percentage below the 0.37%.

Tezos increased in value on an average Friday only slightly. The average increase in value of the Tezos was 0.09%. 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 (1.01%). This means that on 68 percent of the Fridays, the change in price of the Tezos is expected to be in the range of -0.93% and 1.10%.

On an average Saturday the Tezos shows an increase in value of 1.14%. However, the change of Tezos on most of the Saturdays is between -0.61% and 2.90%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Tezoss.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.08% 1.52% -1.60% to 1.44%
Monday -1.34% 2.22% -3.55% to 0.88%
Tuesday -0.44% 1.45% -1.89% to 1.02%
Wednesday -0.02% 0.56% -0.58% to 0.53%
Thursday 1.87% 1.50% 0.37% to 3.36%
Friday 0.09% 1.01% -0.93% to 1.10%
Saturday 1.14% 1.75% -0.61% to 2.90%