DigixDAO (DGD)

Current price: $ 236.03

24 hours price change: $ -3.38 (-1.41%)

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 December 17th, 2020 to January 16th, 2021.

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 12/17/2020 and 01/16/2021.

According to the performance of DigixDAO between December 17th, 2020 and January 16th, 2021, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 0.81% on Monday.

The weekday on which the DigixDAO performed the worst, is Tuesday. On Tuesdays, the DigixDAO declined in value on average by -1.65%.

DigixDAO weekday performance

DigixDAO increased in value on an average Sunday only slightly. The average increase in value of the DigixDAO was 0.13%. 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 (2.15%). This means that on 68 percent of the Sundays, the change in price of the DigixDAO is expected to be in the range of -2.02% and 2.28%.

Historical performance on Monday 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 Monday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Monday is between -1.55% and 3.18% (see also the table below).

The DigixDAO declines in value on an average Tuesday with -1.65%. However, the uncertainty (or standard deviation) is quite large, namely 2.25%. This means that it is not possible to say whether on a regular Tuesday the DigixDAO will increase or decrease in value.

The DigixDAO declines in value on an average Wednesday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 0.72%. This means that it is not possible to say whether on a regular Wednesday the DigixDAO will increase or decrease in value.

On Thursdays, the DigixDAO decreases in value on average with -0.81%. On most of the Thursdays the DigixDAO decreases in value between -1.72% and 0.10%. The uncertainty (0.91%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the DigixDAO on Thursdays is large.

Allthough the DigixDAO decreases in value with -0.59% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Fridays is 1.10%. This means that the expected change of the value of DigixDAO is between -1.69% and 0.51% on 68 out of 100 Fridays.

DigixDAO increased in value on an average Saturday only slightly. The average increase in value of the DigixDAO was 0.05%. 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 (0.73%). This means that on 68 percent of the Saturdays, the change in price of the DigixDAO is expected to be in the range of -0.68% and 0.78%.

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 0.13% 2.15% -2.02% to 2.28%
Monday 0.81% 2.36% -1.55% to 3.18%
Tuesday -1.65% 2.25% -3.89% to 0.60%
Wednesday -1.27% 0.72% -1.99% to -0.55%
Thursday -0.81% 0.91% -1.72% to 0.10%
Friday -0.59% 1.10% -1.69% to 0.51%
Saturday 0.05% 0.73% -0.68% to 0.78%
 

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