DigixDAO (DGD)

Current price: $ 462.60

24 hours price change: $ 0.60 (0.13%)

Daily analysis of DigixDAO (DGD) - 1 month

The performance of DigixDAO regarding the price differs every day. To make the best decision to buy DigixDAO, we are analysis in this article the performance of DigixDAO on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 13th, 2021 to June 13th, 2021.

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

Average daily change in price of DigixDAO per weekday between 05/13/2021 and 06/13/2021.

According to the performance of DigixDAO between May 13th, 2021 and June 13th, 2021, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 3.51% on Monday.

The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -2.61%.

DigixDAO weekday performance

On an average Sunday the DigixDAO shows an increase in value of 1.13%. However, the change of DigixDAO on most of the Sundays is between -0.61% and 2.86%. Therefore it is hard to tell whether an average Sunday is a good day to start buying DigixDAOs.

The increase in value of the DigixDAO is 3.51% on an average Monday. However, the uncertainty on the average change is high for the DigixDAO on Mondays. This is the reason why an expected increase of the DigixDAO on an average Monday cannot be predicted. The standard deviation for DigixDAO on Mondays is high, namely 5.59%. This means that the expected range of value change for the DigixDAO is -2.08% and 9.11% on 68% of the Mondays.

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the DigixDAO is -0.02%. However, the standard deviation on this weekday is 0.57%. This means that on most Tuesdays, the change in value of the DigixDAO is between -0.59% and 0.54%.

On an average Wednesday the DigixDAO shows an increase in value of 1.81%. However, the change of DigixDAO on most of the Wednesdays is between -1.02% and 4.65%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying DigixDAOs.

On Thursdays, the DigixDAO decreases in value on average with -0.95%. On most of the Thursdays the DigixDAO decreases in value between -3.32% and 1.42%. The uncertainty (2.37%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the DigixDAO on Thursdays is large.

The DigixDAO declines in value on an average Friday with -2.61%. However, the uncertainty (or standard deviation) is quite large, namely 4.79%. This means that it is not possible to say whether on a regular Friday the DigixDAO will increase or decrease in value.

The DigixDAO declines in value on an average Saturday with -1.01%. However, the uncertainty (or standard deviation) is quite large, namely 2.10%. This means that it is not possible to say whether on a regular Saturday the DigixDAO will increase or decrease in value.

DigixDAO weekday performance details

Find below the details of the performance of DigixDAO 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 1.13% 1.73% -0.61% to 2.86%
Monday 3.51% 5.59% -2.08% to 9.11%
Tuesday -0.02% 0.57% -0.59% to 0.54%
Wednesday 1.81% 2.83% -1.02% to 4.65%
Thursday -0.95% 2.37% -3.32% to 1.42%
Friday -2.61% 4.79% -7.40% to 2.18%
Saturday -1.01% 2.10% -3.11% to 1.10%
 

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