DigiByte (DGB)

Current price: $ 0.02

24 hours price change: $ -0.001030 (-4.58%)

Daily analysis of DigiByte (DGB) - 1 year

The performance of DigiByte regarding the price differs every day. To make the best decision to buy DigiByte, we are analysis in this article the performance of DigiByte on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on July 9th, 2019 to July 8th, 2020.

In the barchart below, the weekdays and average performance of DigiByte are shown side by side.

Average daily change in price of DigiByte per weekday between 07/09/2019 and 07/08/2020.

According to the performance of DigiByte between July 9th, 2019 and July 8th, 2020, DigiByte performed the best on Wednesdays. On average, the price of DigiByte increased 0.64% on Wednesday.

The weekday on which the DigiByte performed the worst, is Monday. On Mondays, the DigiByte declined in value on average by -0.74%.

DigiByte weekday performance

DigiByte increased in value on an average Sunday only slightly. The average increase in value of the DigiByte was 0.27%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.92%). This means that on 68 percent of the Sundays, the change in price of the DigiByte is expected to be in the range of -3.65% and 4.20%.

On Mondays, the DigiByte decreases in value on average with -0.74%. On most of the Mondays the DigiByte decreases in value between -4.18% and 2.69%. The uncertainty (3.44%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the DigiByte on Mondays is large.

On an average Tuesday, the DigiByte increased 0.53%. However, since the expected deviation is 3.13%, the DigiByte will decline in value on a Tuesday quiet regularly. The expected price change of the DigiByte on a Tuesday is between -2.60% and 3.67%.

Historical performance on Wednesday do not show an increase in value of the DigiByte on which a prediction can be made. The DigiByte increased in value on average on an average Wednesday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the DigiByte on a Wednesday is between -2.67% and 3.96% (see also the table below).

DigiByte increased in value on an average Thursday only slightly. The average increase in value of the DigiByte was 0.19%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.92%). This means that on 68 percent of the Thursdays, the change in price of the DigiByte is expected to be in the range of -1.73% and 2.11%.

It is hard to tell whether the DigiByte will increase or decrease in value on an average Friday. The average change on a Friday for the DigiByte is -0.01%. However, the standard deviation on this weekday is 3.10%. This means that on most Fridays, the change in value of the DigiByte is between -3.11% and 3.09%.

DigiByte increased in value on an average Saturday only slightly. The average increase in value of the DigiByte was 0.22%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.44%). This means that on 68 percent of the Saturdays, the change in price of the DigiByte is expected to be in the range of -3.22% and 3.67%.

DigiByte weekday performance details

Find below the details of the performance of DigiByte 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 0.27% 3.92% -3.65% to 4.20%
Monday -0.74% 3.44% -4.18% to 2.69%
Tuesday 0.53% 3.13% -2.60% to 3.67%
Wednesday 0.64% 3.31% -2.67% to 3.96%
Thursday 0.19% 1.92% -1.73% to 2.11%
Friday -0.01% 3.10% -3.11% to 3.09%
Saturday 0.22% 3.44% -3.22% to 3.67%
 

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