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 May 26th, 2022.
In the barchart below, the weekdays and average performance of DigixDAO are shown side by side.
According to the performance of DigixDAO between June 30th, 2016 and May 26th, 2022, DigixDAO performed the best on Sundays. On average, the price of DigixDAO increased 3.26% on Sunday.
The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -0.23%.
DigixDAO weekday performance
The increase in value of the DigixDAO is 3.26% 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 49.41%. This means that the expected range of value change for the DigixDAO is -46.14% and 52.67% on 68% of the Sundays.
DigixDAO increased in value on an average Monday only slightly. The average increase in value of the DigixDAO was 0.23%. 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 (6.91%). This means that on 68 percent of the Mondays, the change in price of the DigixDAO is expected to be in the range of -6.68% and 7.14%.
On an average Tuesday, the DigixDAO increased 0.38%. However, since the expected deviation is 6.45%, the DigixDAO will decline in value on a Tuesday quiet regularly. The expected price change of the DigixDAO on a Tuesday is between -6.07% and 6.84%.
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 -0.09%. However, the standard deviation on this weekday is 7.46%. This means that on most Wednesdays, the change in value of the DigixDAO is between -7.54% and 7.37%.
Historical performance on Thursday 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 Thursday with 0.99%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Thursday is between -7.90% and 9.88% (see also the table below).
It is hard to tell whether the DigixDAO will increase or decrease in value on an average Friday. The average change on a Friday for the DigixDAO is -0.23%. However, the standard deviation on this weekday is 5.27%. This means that on most Fridays, the change in value of the DigixDAO is between -5.49% and 5.04%.
It is hard to tell whether the DigixDAO will increase or decrease in value on an average Saturday. The average change on a Saturday for the DigixDAO is -0.22%. However, the standard deviation on this weekday is 7.61%. This means that on most Saturdays, the change in value of the DigixDAO is between -7.83% and 7.39%.
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||3.26%||49.41%||-46.14% to 52.67%|
|Monday||0.23%||6.91%||-6.68% to 7.14%|
|Tuesday||0.38%||6.45%||-6.07% to 6.84%|
|Wednesday||-0.09%||7.46%||-7.54% to 7.37%|
|Thursday||0.99%||8.89%||-7.90% to 9.88%|
|Friday||-0.23%||5.27%||-5.49% to 5.04%|
|Saturday||-0.22%||7.61%||-7.83% to 7.39%|