Digitex Futures (DGTX)

Current price: $ 0.03

24 hours price change: $ -0.000320 (-0.98%)

Daily analysis of Digitex Futures (DGTX) - 1 month

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 August 25th, 2020 to September 24th, 2020.

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

Average daily change in price of Digitex Futures per weekday between 08/25/2020 and 09/24/2020.

According to the performance of Digitex Futures between August 25th, 2020 and September 24th, 2020, Digitex Futures performed the best on Fridays. On average, the price of Digitex Futures increased 0.90% on Friday.

The weekday on which the Digitex Futures performed the worst, is Tuesday. On Tuesdays, the Digitex Futures declined in value on average by -1.42%.

Digitex Futures weekday performance

It is hard to tell whether the Digitex Futures will increase or decrease in value on an average Sunday. The average change on a Sunday for the Digitex Futures is -0.08%. However, the standard deviation on this weekday is 0.12%. This means that on most Sundays, the change in value of the Digitex Futures is between -0.20% and 0.04%.

On an average Monday, the Digitex Futures increased 0.44%. However, since the expected deviation is 0.66%, the Digitex Futures will decline in value on a Monday quiet regularly. The expected price change of the Digitex Futures on a Monday is between -0.22% and 1.10%.

The Digitex Futures declines in value on an average Tuesday with -1.42%. However, the uncertainty (or standard deviation) is quite large, namely 2.69%. This means that it is not possible to say whether on a regular Tuesday the Digitex Futures will increase or decrease in value.

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 -0.08%. However, the standard deviation on this weekday is 0.12%. This means that on most Wednesdays, the change in value of the Digitex Futures is between -0.20% and 0.03%.

Digitex Futures increased in value on an average Thursday only slightly. The average increase in value of the Digitex Futures was 0.08%. 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 (0.11%). This means that on 68 percent of the Thursdays, the change in price of the Digitex Futures is expected to be in the range of -0.03% and 0.20%.

Historical performance on Friday do not show an increase in value of the Digitex Futures on which a prediction can be made. The Digitex Futures increased in value on average on an average Friday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Digitex Futures on a Friday is between -0.44% and 2.23% (see also the table below).

On an average Saturday, the Digitex Futures increased 0.35%. However, since the expected deviation is 0.69%, the Digitex Futures will decline in value on a Saturday quiet regularly. The expected price change of the Digitex Futures on a Saturday is between -0.35% and 1.04%.

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 -0.08% 0.12% -0.20% to 0.04%
Monday 0.44% 0.66% -0.22% to 1.10%
Tuesday -1.42% 2.69% -4.10% to 1.27%
Wednesday -0.08% 0.12% -0.20% to 0.03%
Thursday 0.08% 0.11% -0.03% to 0.20%
Friday 0.90% 1.33% -0.44% to 2.23%
Saturday 0.35% 0.69% -0.35% to 1.04%
 

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