Zcash (ZEC)

Current price: $ 53.08

24 hours price change: $ 0.51 (0.97%)

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 May 5th, 2020 to June 4th, 2020.

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 05/05/2020 and 06/04/2020.

According to the performance of Zcash between May 5th, 2020 and June 4th, 2020, Zcash performed the best on Wednesdays. On average, the price of Zcash increased 0.03% on Wednesday.

The weekday on which the Zcash performed the worst, is Saturday. On Saturdays, the Zcash declined in value on average by -0.05%.

Zcash weekday performance

Zcash increased in value on an average Sunday only slightly. The average increase in value of the Zcash was 0.02%. 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 (0.03%). This means that on 68 percent of the Sundays, the change in price of the Zcash is expected to be in the range of -0.01% and 0.05%.

Zcash increased in value on an average Monday only slightly. The average increase in value of the Zcash was 0.01%. 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 (0.01%). This means that on 68 percent of the Mondays, the change in price of the Zcash is expected to be in the range of 0.00% and 0.02%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Zcash is 0.00%. However, the standard deviation on this weekday is 0.01%. This means that on most Tuesdays, the change in value of the Zcash is between -0.01% and 0.00%.

The Zcash will almost not change or only slightly increase in value on an average Wednesday. The average change of the Zcash on Wednesdays is 0.03%. The standard deviation of the Zcash is 0.03%, which means that in 68% of the Wednesdays, the range of the change of the Zcash is 0.00% and 0.07%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Zcash will increase or decrease in value on an average Thursday. The average change on a Thursday for the Zcash is -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Thursdays, the change in value of the Zcash is between -0.02% and 0.00%.

Zcash increased in value on an average Friday only slightly. The average increase in value of the Zcash was 0.01%. 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 (0.01%). This means that on 68 percent of the Fridays, the change in price of the Zcash is expected to be in the range of 0.00% and 0.01%.

It is hard to tell whether the Zcash will increase or decrease in value on an average Saturday. The average change on a Saturday for the Zcash is -0.05%. However, the standard deviation on this weekday is 0.10%. This means that on most Saturdays, the change in value of the Zcash is between -0.14% and 0.05%.

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 0.02% 0.03% -0.01% to 0.05%
Monday 0.01% 0.01% 0.00% to 0.02%
Tuesday 0.00% 0.01% -0.01% to 0.00%
Wednesday 0.03% 0.03% 0.00% to 0.07%
Thursday -0.01% 0.01% -0.02% to 0.00%
Friday 0.01% 0.01% 0.00% to 0.01%
Saturday -0.05% 0.10% -0.14% to 0.05%
 

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