The performance of Digitex Futures regarding the price differs every day. To make the best decision to buy Digitex Futures, we are analysis in this article the performance of Digitex Futures on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 24th, 2022 to May 24th, 2022.
In the barchart below, the weekdays and average performance of Digitex Futures are shown side by side.
According to the performance of Digitex Futures between April 24th, 2022 and May 24th, 2022, Digitex Futures performed the best on Thursdays. On average, the price of Digitex Futures increased 25.72% on Thursday.
The weekday on which the Digitex Futures performed the worst, is Friday. On Fridays, the Digitex Futures declined in value on average by -7.11%.
Digitex Futures weekday performance
Digitex Futures increased in value on an average Sunday only slightly. The average increase in value of the Digitex Futures was 0.02%. Allthough the Digitex Futures closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.03%). This means that on 68 percent of the Sundays, the change in price of the Digitex Futures is expected to be in the range of -0.01% and 0.04%.
It is hard to tell whether the Digitex Futures will increase or decrease in value on an average Monday. The average change on a Monday for the Digitex Futures is -0.02%. However, the standard deviation on this weekday is 0.17%. This means that on most Mondays, the change in value of the Digitex Futures is between -0.19% and 0.15%.
On an average Tuesday, the Digitex Futures increased 0.39%. However, since the expected deviation is 0.50%, the Digitex Futures will decline in value on a Tuesday quiet regularly. The expected price change of the Digitex Futures on a Tuesday is between -0.12% and 0.89%.
It is hard to tell whether the Digitex Futures will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Digitex Futures is -0.07%. However, the standard deviation on this weekday is 0.07%. This means that on most Wednesdays, the change in value of the Digitex Futures is between -0.13% and 0.00%.
The increase in value of the Digitex Futures is 25.72% on an average Thursday. However, the uncertainty on the average change is high for the Digitex Futures on Thursdays. This is the reason why an expected increase of the Digitex Futures on an average Thursday cannot be predicted. The standard deviation for Digitex Futures on Thursdays is high, namely 43.63%. This means that the expected range of value change for the Digitex Futures is -17.91% and 69.35% on 68% of the Thursdays.
The decrease in value of the Digitex Futures is -7.11% on an average Friday. The uncertainty of the average change is high for the Digitex Futures on Fridays. This means that it is hard to tell whether the Digitex Futures will decrease or increase in value on an average Friday. If we look at the 68% range of the Digitex Futures, we see that on 68% of the Fridays, the expected change of the Digitex Futures is between -19.21% and 4.99%.
On Saturdays, the Digitex Futures decreases in value on average with -0.72%. On most of the Saturdays the Digitex Futures decreases in value between -2.14% and 0.69%. The uncertainty (1.41%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Digitex Futures on Saturdays is large.
Digitex Futures weekday performance details
Find below the details of the performance of Digitex Futures 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||0.02%||0.03%||-0.01% to 0.04%|
|Monday||-0.02%||0.17%||-0.19% to 0.15%|
|Tuesday||0.39%||0.50%||-0.12% to 0.89%|
|Wednesday||-0.07%||0.07%||-0.13% to 0.00%|
|Thursday||25.72%||43.63%||-17.91% to 69.35%|
|Friday||-7.11%||12.10%||-19.21% to 4.99%|
|Saturday||-0.72%||1.41%||-2.14% to 0.69%|