DigixDAO (DGD)

Current price: $ 685.83

24 hours price change: $ -3.45 (-0.50%)

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 October 18th, 2023 to April 18th, 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 10/18/2023 and 04/18/2024.

According to the performance of DigixDAO between October 18th, 2023 and April 18th, 2024, DigixDAO performed the best on Saturdays. On average, the price of DigixDAO increased 1.67% on Saturday.

The weekday on which the DigixDAO performed the worst, is Tuesday. On Tuesdays, the DigixDAO declined in value on average by -0.09%.

DigixDAO weekday performance

DigixDAO increased in value on an average Sunday only slightly. The average increase in value of the DigixDAO was 0.07%. 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 (0.55%). This means that on 68 percent of the Sundays, the change in price of the DigixDAO is expected to be in the range of -0.47% and 0.62%.

On an average Monday the DigixDAO shows an increase in value of 1.05%. However, the change of DigixDAO on most of the Mondays is between -3.85% and 5.96%. Therefore it is hard to tell whether an average Monday is a good day to start buying DigixDAOs.

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the DigixDAO is -0.09%. However, the standard deviation on this weekday is 0.75%. This means that on most Tuesdays, the change in value of the DigixDAO is between -0.85% and 0.66%.

On an average Wednesday, the DigixDAO increased 0.47%. However, since the expected deviation is 1.90%, the DigixDAO will decline in value on a Wednesday quiet regularly. The expected price change of the DigixDAO on a Wednesday is between -1.44% and 2.37%.

Historical performance on Thursday 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 Thursday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Thursday is between -4.10% and 5.97% (see also the table below).

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 -0.06%. However, the standard deviation on this weekday is 0.50%. This means that on most Fridays, the change in value of the DigixDAO is between -0.56% and 0.44%.

On an average Saturday the DigixDAO shows an increase in value of 1.67%. However, the change of DigixDAO on most of the Saturdays is between -6.86% and 10.20%. Therefore it is hard to tell whether an average Saturday is a good day to start buying DigixDAOs.

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 0.07% 0.55% -0.47% to 0.62%
Monday 1.05% 4.91% -3.85% to 5.96%
Tuesday -0.09% 0.75% -0.85% to 0.66%
Wednesday 0.47% 1.90% -1.44% to 2.37%
Thursday 0.94% 5.04% -4.10% to 5.97%
Friday -0.06% 0.50% -0.56% to 0.44%
Saturday 1.67% 8.53% -6.86% to 10.20%
 

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