DigixDAO (DGD)

Current price: $ 268.05

24 hours price change: $ 45.69 (20.55%)

Daily analysis of DigixDAO (DGD) - 1 month

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 1 month, starting on January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of DigixDAO between January 9th, 2023 and February 9th, 2023, DigixDAO performed the best on Saturdays. On average, the price of DigixDAO increased 1.17% on Saturday.

The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -0.15%.

DigixDAO weekday performance

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Sunday. The average change on a Sunday for the DigixDAO is -0.08%. However, the standard deviation on this weekday is 0.53%. This means that on most Sundays, the change in value of the DigixDAO is between -0.61% and 0.44%.

The average increase of the DigixDAO on an average Monday is 0.31%. This is a small increase, however, the expected change of the DigixDAO in 95% of the Mondays is -0.07% and 0.69%. This means that only on 2.5% (or slightly over 1 Monday per year) the expected change of the DigixDAO is below -0.07%. On the other hand, you would not have to expect that the change on a single Monday will be above 0.69%. This will also only happen on 2.5% of the Mondays. On 68% of the Mondays, the increase of the DigixDAO will be in the range of 0.12% and 0.50%.

DigixDAO increased in value on an average Tuesday only slightly. The average increase in value of the DigixDAO was 0.08%. 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 (0.21%). This means that on 68 percent of the Tuesdays, the change in price of the DigixDAO is expected to be in the range of -0.13% and 0.29%.

DigixDAO increased in value on an average Wednesday only slightly. The average increase in value of the DigixDAO was 0.15%. 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 (0.21%). This means that on 68 percent of the Wednesdays, the change in price of the DigixDAO is expected to be in the range of -0.06% and 0.36%.

The expected range of change of the DigixDAO for an average Thursday is between 0.13% and 1.63%. This is the result of an average increase in value of 0.88% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 -0.15%. However, the standard deviation on this weekday is 0.31%. This means that on most Fridays, the change in value of the DigixDAO is between -0.46% and 0.16%.

On an average Saturday the DigixDAO shows an increase in value of 1.17%. However, the change of DigixDAO on most of the Saturdays is between -0.93% and 3.28%. Therefore it is hard to tell whether an average Saturday is a good day to start buying DigixDAOs.

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 -0.08% 0.53% -0.61% to 0.44%
Monday 0.31% 0.19% 0.12% to 0.50%
Tuesday 0.08% 0.21% -0.13% to 0.29%
Wednesday 0.15% 0.21% -0.06% to 0.36%
Thursday 0.88% 0.75% 0.13% to 1.63%
Friday -0.15% 0.31% -0.46% to 0.16%
Saturday 1.17% 2.11% -0.93% to 3.28%
 

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