DigixDAO (DGD)

Current price: $ 436.12

24 hours price change: $ -60.32 (-12.15%)

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 March 23rd, 2021 to April 23rd, 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 03/23/2021 and 04/23/2021.

According to the performance of DigixDAO between March 23rd, 2021 and April 23rd, 2021, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 2.10% on Monday.

The weekday on which the DigixDAO performed the worst, is Sunday. On Sundays, the DigixDAO declined in value on average by -0.40%.

DigixDAO weekday performance

Allthough the DigixDAO decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Sundays is 0.78%. This means that the expected change of the value of DigixDAO is between -1.18% and 0.38% on 68 out of 100 Sundays.

On an average Monday the DigixDAO shows an increase in value of 2.10%. However, the change of DigixDAO on most of the Mondays is between -1.04% and 5.23%. Therefore it is hard to tell whether an average Monday is a good day to start buying DigixDAOs.

The expected range of change of the DigixDAO for an average Tuesday is between 0.28% and 1.06%. This is the result of an average increase in value of 0.67% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Historical performance on Wednesday 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 Wednesday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Wednesday is between -0.76% and 1.98% (see also the table below).

The average increase of the DigixDAO on an average Thursday is 0.48%. This is a small increase, however, the expected change of the DigixDAO in 95% of the Thursdays is -0.15% and 1.10%. This means that only on 2.5% (or slightly over 1 Thursday per year) the expected change of the DigixDAO is below -0.15%. On the other hand, you would not have to expect that the change on a single Thursday will be above 1.10%. This will also only happen on 2.5% of the Thursdays. On 68% of the Thursdays, the increase of the DigixDAO will be in the range of 0.16% and 0.79%.

On an average Friday the DigixDAO shows an increase in value of 1.51%. However, the change of DigixDAO on most of the Fridays is between -1.27% and 4.29%. Therefore it is hard to tell whether an average Friday is a good day to start buying DigixDAOs.

The average increase of the DigixDAO on an average Saturday is 0.41%. This is a small increase, however, the expected change of the DigixDAO in 95% of the Saturdays is -0.20% and 1.02%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the DigixDAO is below -0.20%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.02%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the DigixDAO will be in the range of 0.11% and 0.71%.

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 -0.40% 0.78% -1.18% to 0.38%
Monday 2.10% 3.14% -1.04% to 5.23%
Tuesday 0.67% 0.39% 0.28% to 1.06%
Wednesday 0.61% 1.37% -0.76% to 1.98%
Thursday 0.48% 0.31% 0.16% to 0.79%
Friday 1.51% 2.78% -1.27% to 4.29%
Saturday 0.41% 0.30% 0.11% to 0.71%
 

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