DigixDAO (DGD)

Current price: $ 14.46

24 hours price change: $ -1.41 (-8.89%)

Daily analysis of DigixDAO (DGD) - all

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 years, starting on June 30th, 2016 to October 14th, 2019.

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 06/30/2016 and 10/14/2019.

According to the performance of DigixDAO between June 30th, 2016 and October 14th, 2019, DigixDAO performed the best on Sundays. On average, the price of DigixDAO increased 5.75% on Sunday.

The weekday on which the DigixDAO performed the worst, is Saturday. On Saturdays, the DigixDAO declined in value on average by -0.48%.

DigixDAO weekday performance

The increase in value of the DigixDAO is 5.75% on an average Sunday. However, the uncertainty on the average change is high for the DigixDAO on Sundays. This is the reason why an expected increase of the DigixDAO on an average Sunday cannot be predicted. The standard deviation for DigixDAO on Sundays is high, namely 66.00%. This means that the expected range of value change for the DigixDAO is -60.25% and 71.75% on 68% of the Sundays.

DigixDAO increased in value on an average Monday only slightly. The average increase in value of the DigixDAO was 0.09%. 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 (9.07%). This means that on 68 percent of the Mondays, the change in price of the DigixDAO is expected to be in the range of -8.98% and 9.16%.

Historical performance on Tuesday 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 Tuesday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Tuesday is between -7.82% and 9.23% (see also the table below).

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the DigixDAO is -0.20%. However, the standard deviation on this weekday is 9.81%. This means that on most Wednesdays, the change in value of the DigixDAO is between -10.01% and 9.62%.

On an average Thursday the DigixDAO shows an increase in value of 1.64%. However, the change of DigixDAO on most of the Thursdays is between -10.12% and 13.40%. Therefore it is hard to tell whether an average Thursday is a good day to start buying DigixDAOs.

Allthough the DigixDAO decreases in value with -0.30% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Fridays is 6.84%. This means that the expected change of the value of DigixDAO is between -7.15% and 6.54% on 68 out of 100 Fridays.

Allthough the DigixDAO decreases in value with -0.48% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Saturdays is 10.09%. This means that the expected change of the value of DigixDAO is between -10.57% and 9.60% on 68 out of 100 Saturdays.

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 5.75% 66.00% -60.25% to 71.75%
Monday 0.09% 9.07% -8.98% to 9.16%
Tuesday 0.71% 8.52% -7.82% to 9.23%
Wednesday -0.20% 9.81% -10.01% to 9.62%
Thursday 1.64% 11.76% -10.12% to 13.40%
Friday -0.30% 6.84% -7.15% to 6.54%
Saturday -0.48% 10.09% -10.57% to 9.60%