Zcash (ZEC)

Current price: $ 56.75

24 hours price change: $ 1.11 (1.99%)

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 November 18th, 2018 to December 17th, 2018.

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

According to the performance of Zcash between November 18th, 2018 and December 17th, 2018, Zcash performed the best on Wednesdays. On average, the price of Zcash increased 2.12% on Wednesday.

The weekday on which the Zcash performed the worst, is Thursday. On Thursdays, the Zcash declined in value on average by -1.51%.

Zcash weekday performance

Zcash increased in value on an average Sunday only slightly. The average increase in value of the Zcash was 0.17%. 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 (0.77%). This means that on 68 percent of the Sundays, the change in price of the Zcash is expected to be in the range of -0.60% and 0.95%.

Zcash increased in value on an average Monday only slightly. The average increase in value of the Zcash was 0.29%. 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 (0.65%). This means that on 68 percent of the Mondays, the change in price of the Zcash is expected to be in the range of -0.36% and 0.94%.

Zcash increased in value on an average Tuesday only slightly. The average increase in value of the Zcash was 0.05%. 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 (1.41%). This means that on 68 percent of the Tuesdays, the change in price of the Zcash is expected to be in the range of -1.36% and 1.47%.

On an average Wednesday the Zcash shows an increase in value of 2.12%. However, the change of Zcash on most of the Wednesdays is between -2.56% and 6.80%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Zcashs.

The Zcash declines in value on an average Thursday with -1.51%. However, the uncertainty (or standard deviation) is quite large, namely 2.38%. This means that it is not possible to say whether on a regular Thursday the Zcash will increase or decrease in value.

On an average Friday the Zcash shows a high increase in value, namely 1.80%. The standard deviation is below the average increase percentage (standard deviation is 1.74%), meaning that on 68% of the Fridays the Zcash will increase with a percentage between 0.06% and 3.54%. This also means that, on average, on 16 percent of the Fridays, the Zcash will increase with a percentage above this range. On the other 16% of the Fridays, the Zcash will change with a percentage below the 0.06%.

Allthough the Zcash decreases in value with -0.53% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Zcash on Saturdays is 1.99%. This means that the expected change of the value of Zcash is between -2.51% and 1.46% on 68 out of 100 Saturdays.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.17%0.77%-0.60% to 0.95%
Monday0.29%0.65%-0.36% to 0.94%
Tuesday0.05%1.41%-1.36% to 1.47%
Wednesday2.12%4.68%-2.56% to 6.80%
Thursday-1.51%2.38%-3.89% to 0.87%
Friday1.80%1.74%0.06% to 3.54%
Saturday-0.53%1.99%-2.51% to 1.46%