DigixDAO (DGD)

Current price: $ 788.82

24 hours price change: $ -66.82 (-7.81%)

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 May 27th, 2021 to November 27th, 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 05/27/2021 and 11/27/2021.

According to the performance of DigixDAO between May 27th, 2021 and November 27th, 2021, DigixDAO performed the best on Mondays. On average, the price of DigixDAO increased 0.88% on Monday.

The weekday on which the DigixDAO performed the worst, is Friday. On Fridays, the DigixDAO declined in value on average by -0.46%.

DigixDAO weekday performance

On an average Sunday, the DigixDAO increased 0.44%. However, since the expected deviation is 1.84%, the DigixDAO will decline in value on a Sunday quiet regularly. The expected price change of the DigixDAO on a Sunday is between -1.40% and 2.29%.

Historical performance on Monday 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 Monday with 0.88%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Monday is between -1.81% and 3.56% (see also the table below).

DigixDAO increased in value on an average Tuesday only slightly. The average increase in value of the DigixDAO was 0.06%. 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 (2.18%). This means that on 68 percent of the Tuesdays, the change in price of the DigixDAO is expected to be in the range of -2.12% and 2.24%.

On an average Wednesday, the DigixDAO increased 0.55%. However, since the expected deviation is 1.30%, the DigixDAO will decline in value on a Wednesday quiet regularly. The expected price change of the DigixDAO on a Wednesday is between -0.75% and 1.84%.

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Thursday. The average change on a Thursday for the DigixDAO is -0.15%. However, the standard deviation on this weekday is 2.59%. This means that on most Thursdays, the change in value of the DigixDAO is between -2.74% and 2.44%.

Allthough the DigixDAO decreases in value with -0.46% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of DigixDAO on Fridays is 3.41%. This means that the expected change of the value of DigixDAO is between -3.87% and 2.95% on 68 out of 100 Fridays.

It is hard to tell whether the DigixDAO will increase or decrease in value on an average Saturday. The average change on a Saturday for the DigixDAO is -0.25%. However, the standard deviation on this weekday is 1.12%. This means that on most Saturdays, the change in value of the DigixDAO is between -1.37% and 0.87%.

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 0.44% 1.84% -1.40% to 2.29%
Monday 0.88% 2.69% -1.81% to 3.56%
Tuesday 0.06% 2.18% -2.12% to 2.24%
Wednesday 0.55% 1.30% -0.75% to 1.84%
Thursday -0.15% 2.59% -2.74% to 2.44%
Friday -0.46% 3.41% -3.87% to 2.95%
Saturday -0.25% 1.12% -1.37% to 0.87%
 

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