DigixDAO (DGD)

Current price: $ 339.80

24 hours price change: $ 23.45 (7.41%)

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 February 8th, 2021 to March 8th, 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 02/08/2021 and 03/08/2021.

According to the performance of DigixDAO between February 8th, 2021 and March 8th, 2021, DigixDAO performed the best on Thursdays. On average, the price of DigixDAO increased 0.59% on Thursday.

The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -1.61%.

DigixDAO weekday performance

On an average Sunday, the DigixDAO increased 0.53%. However, since the expected deviation is 1.39%, the DigixDAO will decline in value on a Sunday quiet regularly. The expected price change of the DigixDAO on a Sunday is between -0.85% and 1.92%.

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Monday. The average change on a Monday for the DigixDAO is -0.16%. However, the standard deviation on this weekday is 1.57%. This means that on most Mondays, the change in value of the DigixDAO is between -1.73% and 1.40%.

DigixDAO increased in value on an average Tuesday only slightly. The average increase in value of the DigixDAO was 0.23%. 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 (0.84%). This means that on 68 percent of the Tuesdays, the change in price of the DigixDAO is expected to be in the range of -0.62% and 1.07%.

DigixDAO increased in value on an average Wednesday only slightly. The average increase in value of the DigixDAO was 0.16%. 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 (0.97%). This means that on 68 percent of the Wednesdays, the change in price of the DigixDAO is expected to be in the range of -0.81% and 1.13%.

On an average Thursday, the DigixDAO increased 0.59%. However, since the expected deviation is 0.74%, the DigixDAO will decline in value on a Thursday quiet regularly. The expected price change of the DigixDAO on a Thursday is between -0.14% and 1.33%.

The DigixDAO declines in value on an average Friday with -1.61%. However, the uncertainty (or standard deviation) is quite large, namely 1.97%. This means that it is not possible to say whether on a regular Friday the DigixDAO will increase or decrease in value.

Allthough the DigixDAO decreases in value with -0.32% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Saturdays is 0.93%. This means that the expected change of the value of DigixDAO is between -1.25% and 0.61% on 68 out of 100 Saturdays.

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 0.53% 1.39% -0.85% to 1.92%
Monday -0.16% 1.57% -1.73% to 1.40%
Tuesday 0.23% 0.84% -0.62% to 1.07%
Wednesday 0.16% 0.97% -0.81% to 1.13%
Thursday 0.59% 0.74% -0.14% to 1.33%
Friday -1.61% 1.97% -3.58% to 0.37%
Saturday -0.32% 0.93% -1.25% to 0.61%
 

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