DigiByte (DGB)

Current price: $ 0.008291

24 hours price change: $ -0.000200 (-2.35%)

Daily analysis of DigiByte (DGB) - 1 month

The performance of DigiByte regarding the price differs every day. To make the best decision to buy DigiByte, we are analysis in this article the performance of DigiByte on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on August 22nd, 2019 to September 21st, 2019.

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

Average daily change in price of DigiByte per weekday between 08/22/2019 and 09/21/2019.

According to the performance of DigiByte between August 22nd, 2019 and September 21st, 2019, DigiByte performed the best on Sundays. On average, the price of DigiByte increased 4.79% on Sunday.

The weekday on which the DigiByte performed the worst, is Monday. On Mondays, the DigiByte declined in value on average by -3.41%.

DigiByte weekday performance

The increase in value of the DigiByte is 4.79% on an average Sunday. However, the uncertainty on the average change is high for the DigiByte on Sundays. This is the reason why an expected increase of the DigiByte on an average Sunday cannot be predicted. The standard deviation for DigiByte on Sundays is high, namely 7.70%. This means that the expected range of value change for the DigiByte is -2.91% and 12.49% on 68% of the Sundays.

The decrease in value of the DigiByte is -3.41% on an average Monday. The uncertainty of the average change is high for the DigiByte on Mondays. This means that it is hard to tell whether the DigiByte will decrease or increase in value on an average Monday. If we look at the 68% range of the DigiByte, we see that on 68% of the Mondays, the expected change of the DigiByte is between -10.15% and 3.34%.

The decrease in value of the DigiByte is -3.07% on an average Tuesday. The uncertainty of the average change is high for the DigiByte on Tuesdays. This means that it is hard to tell whether the DigiByte will decrease or increase in value on an average Tuesday. If we look at the 68% range of the DigiByte, we see that on 68% of the Tuesdays, the expected change of the DigiByte is between -7.11% and 0.96%.

On Wednesdays, the DigiByte decreases in value on average with -0.88%. On most of the Wednesdays the DigiByte decreases in value between -2.78% and 1.01%. The uncertainty (1.90%) is higher than the average decline percentage (-0.88%). Therefore, expected range of price changes of the DigiByte on Wednesdays is large.

On an average Thursday the DigiByte shows an increase in value of 1.67%. However, the change of DigiByte on most of the Thursdays is between -0.78% and 4.12%. Therefore it is hard to tell whether an average Thursday is a good day to start buying DigiBytes.

Allthough the DigiByte decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Fridays is 0.57%. This means that the expected change of the value of DigiByte is between -0.92% and 0.22% on 68 out of 100 Fridays.

On Saturdays, the DigiByte decreases in value on average with -0.73%. On most of the Saturdays the DigiByte decreases in value between -2.59% and 1.14%. The uncertainty (1.86%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the DigiByte on Saturdays is large.

DigiByte weekday performance details

Find below the details of the performance of DigiByte 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 4.79% 7.70% -2.91% to 12.49%
Monday -3.41% 6.75% -10.15% to 3.34%
Tuesday -3.07% 4.03% -7.11% to 0.96%
Wednesday -0.88% 1.90% -2.78% to 1.01%
Thursday 1.67% 2.45% -0.78% to 4.12%
Friday -0.35% 0.57% -0.92% to 0.22%
Saturday -0.73% 1.86% -2.59% to 1.14%