DigixDAO (DGD)

Current price: $ 12.50

24 hours price change: $ -0.35 (-2.74%)

Daily analysis of DigixDAO (DGD) - 1 year

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 year, starting on October 20th, 2018 to October 19th, 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 10/20/2018 and 10/19/2019.

According to the performance of DigixDAO between October 20th, 2018 and October 19th, 2019, DigixDAO performed the best on Thursdays. On average, the price of DigixDAO increased 1.78% on Thursday.

The weekday on which the DigixDAO performed the worst, is Monday. On Mondays, the DigixDAO declined in value on average by -2.35%.

DigixDAO weekday performance

Allthough the DigixDAO decreases in value with -0.47% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Sundays is 7.38%. This means that the expected change of the value of DigixDAO is between -7.85% and 6.91% on 68 out of 100 Sundays.

The DigixDAO declines in value on an average Monday with -2.35%. However, the uncertainty (or standard deviation) is quite large, namely 5.24%. 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 increased 0.37%. However, since the expected deviation is 5.39%, the DigixDAO will decline in value on a Tuesday quiet regularly. The expected price change of the DigixDAO on a Tuesday is between -5.02% and 5.76%.

Allthough the DigixDAO decreases in value with -0.47% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Wednesdays is 6.67%. This means that the expected change of the value of DigixDAO is between -7.14% and 6.20% on 68 out of 100 Wednesdays.

On an average Thursday the DigixDAO shows an increase in value of 1.78%. However, the change of DigixDAO on most of the Thursdays is between -4.43% and 8.00%. Therefore it is hard to tell whether an average Thursday is a good day to start buying DigixDAOs.

Historical performance on Friday 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 Friday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Friday is between -4.51% and 6.00% (see also the table below).

On Saturdays, the DigixDAO decreases in value on average with -0.75%. On most of the Saturdays the DigixDAO decreases in value between -6.59% and 5.09%. The uncertainty (5.84%) is higher than the average decline percentage (-0.75%). 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 -0.47% 7.38% -7.85% to 6.91%
Monday -2.35% 5.24% -7.60% to 2.89%
Tuesday 0.37% 5.39% -5.02% to 5.76%
Wednesday -0.47% 6.67% -7.14% to 6.20%
Thursday 1.78% 6.22% -4.43% to 8.00%
Friday 0.75% 5.26% -4.51% to 6.00%
Saturday -0.75% 5.84% -6.59% to 5.09%