Tezos (XTZ)

Current price: $ 2.17

24 hours price change: $ 0.16 (8.01%)

Daily analysis of Tezos (XTZ) - 6 months

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 6 months, starting on November 26th, 2021 to May 26th, 2022.

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 11/26/2021 and 05/26/2022.

According to the performance of Tezos between November 26th, 2021 and May 26th, 2022, Tezos performed the best on Wednesdays. On average, the price of Tezos increased 0.37% on Wednesday.

The weekday on which the Tezos performed the worst, is Monday. On Mondays, the Tezos declined in value on average by -0.71%.

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 0.00%. However, the standard deviation on this weekday is 1.11%. This means that on most Sundays, the change in value of the Tezos is between -1.12% and 1.11%.

On Mondays, the Tezos decreases in value on average with -0.71%. On most of the Mondays the Tezos decreases in value between -1.87% and 0.44%. The uncertainty (1.16%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Tezos on Mondays is large.

Tezos increased in value on an average Tuesday only slightly. The average increase in value of the Tezos was 0.05%. 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 (1.50%). This means that on 68 percent of the Tuesdays, the change in price of the Tezos is expected to be in the range of -1.45% and 1.56%.

On an average Wednesday, the Tezos increased 0.37%. However, since the expected deviation is 1.33%, the Tezos will decline in value on a Wednesday quiet regularly. The expected price change of the Tezos on a Wednesday is between -0.96% and 1.69%.

Tezos increased in value on an average Thursday only slightly. The average increase in value of the Tezos was 0.15%. 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 (1.22%). This means that on 68 percent of the Thursdays, the change in price of the Tezos is expected to be in the range of -1.07% and 1.37%.

Allthough the Tezos decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Tezos on Fridays is 1.25%. This means that the expected change of the value of Tezos is between -1.62% and 0.89% on 68 out of 100 Fridays.

Tezos increased in value on an average Saturday only slightly. The average increase in value of the Tezos was 0.11%. 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 (2.13%). This means that on 68 percent of the Saturdays, the change in price of the Tezos is expected to be in the range of -2.01% and 2.24%.

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 0.00% 1.11% -1.12% to 1.11%
Monday -0.71% 1.16% -1.87% to 0.44%
Tuesday 0.05% 1.50% -1.45% to 1.56%
Wednesday 0.37% 1.33% -0.96% to 1.69%
Thursday 0.15% 1.22% -1.07% to 1.37%
Friday -0.37% 1.25% -1.62% to 0.89%
Saturday 0.11% 2.13% -2.01% to 2.24%
 

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