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 March 1st, 2023 to April 1st, 2023.
In the barchart below, the weekdays and average performance of DigixDAO are shown side by side.
According to the performance of DigixDAO between March 1st, 2023 and April 1st, 2023, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 0.40% on Monday.
The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -0.41%.
DigixDAO weekday performance
The average increase of the DigixDAO on an average Sunday is 0.30%. This is a small increase, however, the expected change of the DigixDAO in 95% of the Sundays is -0.23% and 0.83%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the DigixDAO is below -0.23%. On the other hand, you would not have to expect that the change on a single Sunday will be above 0.83%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the DigixDAO will be in the range of 0.04% and 0.57%.
On an average Monday, the DigixDAO increased 0.40%. However, since the expected deviation is 0.96%, the DigixDAO will decline in value on a Monday quiet regularly. The expected price change of the DigixDAO on a Monday is between -0.56% and 1.36%.
DigixDAO increased in value on an average Tuesday only slightly. The average increase in value of the DigixDAO was 0.19%. Allthough the DigixDAO closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.20%). This means that on 68 percent of the Tuesdays, the change in price of the DigixDAO is expected to be in the range of -0.01% and 0.39%.
It is hard to tell whether the DigixDAO will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the DigixDAO is 0.00%. However, the standard deviation on this weekday is 0.19%. This means that on most Wednesdays, the change in value of the DigixDAO is between -0.19% and 0.19%.
It is hard to tell whether the DigixDAO will increase or decrease in value on an average Thursday. The average change on a Thursday for the DigixDAO is -0.02%. However, the standard deviation on this weekday is 0.17%. This means that on most Thursdays, the change in value of the DigixDAO is between -0.18% and 0.15%.
Allthough the DigixDAO decreases in value with -0.41% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Fridays is 0.41%. This means that the expected change of the value of DigixDAO is between -0.82% and 0.01% on 68 out of 100 Fridays.
The average increase of the DigixDAO on an average Saturday is 0.38%. This is a small increase, however, the expected change of the DigixDAO in 95% of the Saturdays is -0.19% and 0.94%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the DigixDAO is below -0.19%. On the other hand, you would not have to expect that the change on a single Saturday will be above 0.94%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the DigixDAO will be in the range of 0.09% and 0.66%.
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||0.30%||0.26%||0.04% to 0.57%|
|Monday||0.40%||0.96%||-0.56% to 1.36%|
|Tuesday||0.19%||0.20%||-0.01% to 0.39%|
|Wednesday||0.00%||0.19%||-0.19% to 0.19%|
|Thursday||-0.02%||0.17%||-0.18% to 0.15%|
|Friday||-0.41%||0.41%||-0.82% to 0.01%|
|Saturday||0.38%||0.28%||0.09% to 0.66%|