DigixDAO (DGD)

Current price: $ 12.49

24 hours price change: $ -0.62 (-4.70%)

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 September 16th, 2019 to October 15th, 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 09/16/2019 and 10/15/2019.

According to the performance of DigixDAO between September 16th, 2019 and October 15th, 2019, DigixDAO performed the best on Thursdays. On average, the price of DigixDAO increased 1.53% on Thursday.

The weekday on which the DigixDAO performed the worst, is Monday. On Mondays, the DigixDAO declined in value on average by -2.81%.

DigixDAO weekday performance

The DigixDAO declines in value on an average Sunday with -1.18%. However, the uncertainty (or standard deviation) is quite large, namely 1.76%. This means that it is not possible to say whether on a regular Sunday the DigixDAO will increase or decrease in value.

The DigixDAO declines in value on an average Monday with -2.81%. However, the uncertainty (or standard deviation) is quite large, namely 7.20%. This means that it is not possible to say whether on a regular Monday the DigixDAO will increase or decrease in value.

On an average Tuesday the DigixDAO shows an increase in value of 1.01%. However, the change of DigixDAO on most of the Tuesdays is between -0.59% and 2.61%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying DigixDAOs.

On an average Wednesday, the DigixDAO increased 0.52%. However, since the expected deviation is 0.93%, the DigixDAO will decline in value on a Wednesday quiet regularly. The expected price change of the DigixDAO on a Wednesday is between -0.41% and 1.45%.

On an average Thursday the DigixDAO shows a high increase in value, namely 1.53%. The standard deviation is below the average increase percentage (standard deviation is 1.21%), meaning that on 68% of the Thursdays the DigixDAO will increase with a percentage between 0.33% and 2.74%. This also means that, on average, on 16 percent of the Thursdays, the DigixDAO will increase with a percentage above this range. On the other 16% of the Thursdays, the DigixDAO will change with a percentage below the 0.33%.

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 0.00%. However, the standard deviation on this weekday is 0.51%. This means that on most Fridays, the change in value of the DigixDAO is between -0.52% and 0.51%.

On Saturdays, the DigixDAO decreases in value on average with -0.98%. On most of the Saturdays the DigixDAO decreases in value between -3.90% and 1.93%. The uncertainty (2.91%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the DigixDAO on Saturdays is large.

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 -1.18% 1.76% -2.94% to 0.58%
Monday -2.81% 7.20% -10.01% to 4.39%
Tuesday 1.01% 1.60% -0.59% to 2.61%
Wednesday 0.52% 0.93% -0.41% to 1.45%
Thursday 1.53% 1.21% 0.33% to 2.74%
Friday 0.00% 0.51% -0.52% to 0.51%
Saturday -0.98% 2.91% -3.90% to 1.93%