DigiByte (DGB)

Current price: $ 0.02

24 hours price change: $ 0.000543 (2.34%)

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 October 29th, 2020 to November 28th, 2020.

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 10/29/2020 and 11/28/2020.

According to the performance of DigiByte between October 29th, 2020 and November 28th, 2020, DigiByte performed the best on Tuesdays. On average, the price of DigiByte increased 3.50% on Tuesday.

The weekday on which the DigiByte performed the worst, is Saturday. On Saturdays, the DigiByte declined in value on average by -0.93%.

DigiByte weekday performance

The average increase of the DigiByte on an average Sunday is 0.50%. This is a small increase, however, the expected change of the DigiByte in 95% of the Sundays is -0.18% and 1.18%. This means that only on 2.5% (or slightly over 1 Sunday per year) the expected change of the DigiByte is below -0.18%. On the other hand, you would not have to expect that the change on a single Sunday will be above 1.18%. This will also only happen on 2.5% of the Sundays. On 68% of the Sundays, the increase of the DigiByte will be in the range of 0.16% and 0.84%.

It is hard to tell whether the DigiByte will increase or decrease in value on an average Monday. The average change on a Monday for the DigiByte is -0.22%. However, the standard deviation on this weekday is 1.13%. This means that on most Mondays, the change in value of the DigiByte is between -1.35% and 0.92%.

The increase in value of the DigiByte is 3.50% on an average Tuesday. However, the uncertainty on the average change is high for the DigiByte on Tuesdays. This is the reason why an expected increase of the DigiByte on an average Tuesday cannot be predicted. The standard deviation for DigiByte on Tuesdays is high, namely 4.54%. This means that the expected range of value change for the DigiByte is -1.04% and 8.04% on 68% of the Tuesdays.

DigiByte increased in value on an average Wednesday only slightly. The average increase in value of the DigiByte was 0.02%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.57%). This means that on 68 percent of the Wednesdays, the change in price of the DigiByte is expected to be in the range of -0.56% and 0.59%.

Allthough the DigiByte decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of DigiByte on Thursdays is 1.26%. This means that the expected change of the value of DigiByte is between -1.66% and 0.87% on 68 out of 100 Thursdays.

DigiByte increased in value on an average Friday only slightly. The average increase in value of the DigiByte was 0.22%. Allthough the DigiByte closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.74%). This means that on 68 percent of the Fridays, the change in price of the DigiByte is expected to be in the range of -0.52% and 0.96%.

On Saturdays, the DigiByte decreases in value on average with -0.93%. On most of the Saturdays the DigiByte decreases in value between -2.25% and 0.39%. The uncertainty (1.32%) is higher than the average decline percentage (-0.93%). 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 0.50% 0.34% 0.16% to 0.84%
Monday -0.22% 1.13% -1.35% to 0.92%
Tuesday 3.50% 4.54% -1.04% to 8.04%
Wednesday 0.02% 0.57% -0.56% to 0.59%
Thursday -0.40% 1.26% -1.66% to 0.87%
Friday 0.22% 0.74% -0.52% to 0.96%
Saturday -0.93% 1.32% -2.25% to 0.39%
 

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