DigixDAO (DGD)

Current price: $ 302.08

24 hours price change: $ -7.39 (-2.39%)

Daily analysis of DigixDAO (DGD) - 6 months

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 6 months, starting on September 4th, 2020 to March 4th, 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 09/04/2020 and 03/04/2021.

According to the performance of DigixDAO between September 4th, 2020 and March 4th, 2021, DigixDAO performed the best on Thursdays. On average, the price of DigixDAO increased 0.65% on Thursday.

The weekday on which the DigixDAO performed the worst, is Wednesday. On Wednesdays, the DigixDAO declined in value on average by -0.63%.

DigixDAO weekday performance

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Sunday. The average change on a Sunday for the DigixDAO is -0.13%. However, the standard deviation on this weekday is 1.72%. This means that on most Sundays, the change in value of the DigixDAO is between -1.85% and 1.58%.

On an average Monday, the DigixDAO increased 0.59%. However, since the expected deviation is 2.26%, the DigixDAO will decline in value on a Monday quiet regularly. The expected price change of the DigixDAO on a Monday is between -1.67% and 2.86%.

Allthough the DigixDAO decreases in value with -0.51% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Tuesdays is 2.15%. This means that the expected change of the value of DigixDAO is between -2.66% and 1.64% on 68 out of 100 Tuesdays.

On Wednesdays, the DigixDAO decreases in value on average with -0.63%. On most of the Wednesdays the DigixDAO decreases in value between -4.74% and 3.48%. The uncertainty (4.11%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the DigixDAO on Wednesdays is large.

Historical performance on Thursday do not show an increase in value of the DigixDAO on which a prediction can be made. The DigixDAO increased in value on average on an average Thursday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Thursday is between -1.72% and 3.02% (see also the table below).

DigixDAO increased in value on an average Friday only slightly. The average increase in value of the DigixDAO was 0.03%. 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 (1.01%). This means that on 68 percent of the Fridays, the change in price of the DigixDAO is expected to be in the range of -0.98% and 1.04%.

DigixDAO increased in value on an average Saturday only slightly. The average increase in value of the DigixDAO was 0.24%. 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 (2.76%). This means that on 68 percent of the Saturdays, the change in price of the DigixDAO is expected to be in the range of -2.52% and 3.00%.

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 -0.13% 1.72% -1.85% to 1.58%
Monday 0.59% 2.26% -1.67% to 2.86%
Tuesday -0.51% 2.15% -2.66% to 1.64%
Wednesday -0.63% 4.11% -4.74% to 3.48%
Thursday 0.65% 2.37% -1.72% to 3.02%
Friday 0.03% 1.01% -0.98% to 1.04%
Saturday 0.24% 2.76% -2.52% to 3.00%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.