DigixDAO (DGD)

Current price: $ 646.98

24 hours price change: $ 6.53 (1.02%)

Daily analysis of DigixDAO (DGD) - 6 months

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 6 months, starting on January 13th, 2024 to July 13th, 2024.

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 01/13/2024 and 07/13/2024.

According to the performance of DigixDAO between January 13th, 2024 and July 13th, 2024, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 1.46% on Monday.

The weekday on which the DigixDAO performed the worst, is Tuesday. On Tuesdays, the DigixDAO declined in value on average by -0.38%.

DigixDAO weekday performance

DigixDAO increased in value on an average Sunday only slightly. The average increase in value of the DigixDAO was 0.10%. 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 (0.83%). This means that on 68 percent of the Sundays, the change in price of the DigixDAO is expected to be in the range of -0.73% and 0.93%.

On an average Monday the DigixDAO shows an increase in value of 1.46%. However, the change of DigixDAO on most of the Mondays is between -3.59% and 6.50%. Therefore it is hard to tell whether an average Monday is a good day to start buying DigixDAOs.

Allthough the DigixDAO decreases in value with -0.38% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Tuesdays is 1.07%. This means that the expected change of the value of DigixDAO is between -1.45% and 0.70% on 68 out of 100 Tuesdays.

DigixDAO increased in value on an average Wednesday only slightly. The average increase in value of the DigixDAO was 0.22%. 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 (1.97%). This means that on 68 percent of the Wednesdays, the change in price of the DigixDAO is expected to be in the range of -1.75% and 2.19%.

DigixDAO increased in value on an average Thursday only slightly. The average increase in value of the DigixDAO was 0.01%. 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 (0.79%). This means that on 68 percent of the Thursdays, the change in price of the DigixDAO is expected to be in the range of -0.78% and 0.80%.

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 -0.10%. However, the standard deviation on this weekday is 0.64%. This means that on most Fridays, the change in value of the DigixDAO is between -0.74% and 0.55%.

DigixDAO increased in value on an average Saturday only slightly. The average increase in value of the DigixDAO was 0.03%. 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 (0.36%). This means that on 68 percent of the Saturdays, the change in price of the DigixDAO is expected to be in the range of -0.33% and 0.39%.

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 0.10% 0.83% -0.73% to 0.93%
Monday 1.46% 5.05% -3.59% to 6.50%
Tuesday -0.38% 1.07% -1.45% to 0.70%
Wednesday 0.22% 1.97% -1.75% to 2.19%
Thursday 0.01% 0.79% -0.78% to 0.80%
Friday -0.10% 0.64% -0.74% to 0.55%
Saturday 0.03% 0.36% -0.33% to 0.39%
 

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