The performance of Digitex Futures regarding the price differs every day. To make the best decision to buy Digitex Futures, we are analysis in this article the performance of Digitex Futures on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on February 7th, 2022 to August 7th, 2022.
In the barchart below, the weekdays and average performance of Digitex Futures are shown side by side.
According to the performance of Digitex Futures between February 7th, 2022 and August 7th, 2022, Digitex Futures performed the best on Thursdays. On average, the price of Digitex Futures increased 5.28% on Thursday.
The weekday on which the Digitex Futures performed the worst, is Friday. On Fridays, the Digitex Futures declined in value on average by -1.28%.
Digitex Futures weekday performance
On an average Sunday the Digitex Futures shows an increase in value of 1.50%. However, the change of Digitex Futures on most of the Sundays is between -3.02% and 6.03%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Digitex Futuress.
On Mondays, the Digitex Futures decreases in value on average with -1.00%. On most of the Mondays the Digitex Futures decreases in value between -5.78% and 3.78%. The uncertainty (4.78%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Digitex Futures on Mondays is large.
Digitex Futures increased in value on an average Tuesday only slightly. The average increase in value of the Digitex Futures was 0.15%. Allthough the Digitex Futures closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.38%). This means that on 68 percent of the Tuesdays, the change in price of the Digitex Futures is expected to be in the range of -0.23% and 0.53%.
Allthough the Digitex Futures decreases in value with -0.55% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Digitex Futures on Wednesdays is 2.46%. This means that the expected change of the value of Digitex Futures is between -3.00% and 1.91% on 68 out of 100 Wednesdays.
The increase in value of the Digitex Futures is 5.28% on an average Thursday. However, the uncertainty on the average change is high for the Digitex Futures on Thursdays. This is the reason why an expected increase of the Digitex Futures on an average Thursday cannot be predicted. The standard deviation for Digitex Futures on Thursdays is high, namely 20.53%. This means that the expected range of value change for the Digitex Futures is -15.25% and 25.82% on 68% of the Thursdays.
The Digitex Futures declines in value on an average Friday with -1.28%. However, the uncertainty (or standard deviation) is quite large, namely 5.39%. This means that it is not possible to say whether on a regular Friday the Digitex Futures will increase or decrease in value.
It is hard to tell whether the Digitex Futures will increase or decrease in value on an average Saturday. The average change on a Saturday for the Digitex Futures is -0.04%. However, the standard deviation on this weekday is 0.73%. This means that on most Saturdays, the change in value of the Digitex Futures is between -0.77% and 0.69%.
Digitex Futures weekday performance details
Find below the details of the performance of Digitex Futures 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||1.50%||4.52%||-3.02% to 6.03%|
|Monday||-1.00%||4.78%||-5.78% to 3.78%|
|Tuesday||0.15%||0.38%||-0.23% to 0.53%|
|Wednesday||-0.55%||2.46%||-3.00% to 1.91%|
|Thursday||5.28%||20.53%||-15.25% to 25.82%|
|Friday||-1.28%||5.39%||-6.66% to 4.11%|
|Saturday||-0.04%||0.73%||-0.77% to 0.69%|