DigixDAO (DGD)

Current price: $ 12.51

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

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 April 20th, 2019 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 04/20/2019 and 10/19/2019.

According to the performance of DigixDAO between April 20th, 2019 and October 19th, 2019, DigixDAO performed the best on Thursdays. On average, the price of DigixDAO increased 1.82% on Thursday.

The weekday on which the DigixDAO performed the worst, is Monday. On Mondays, the DigixDAO declined in value on average by -3.62%.

DigixDAO weekday performance

On an average Sunday the DigixDAO shows an increase in value of 1.24%. However, the change of DigixDAO on most of the Sundays is between -6.58% and 9.06%. Therefore it is hard to tell whether an average Sunday is a good day to start buying DigixDAOs.

The decrease in value of the DigixDAO is -3.62% on an average Monday. The uncertainty of the average change is high for the DigixDAO on Mondays. This means that it is hard to tell whether the DigixDAO will decrease or increase in value on an average Monday. If we look at the 68% range of the DigixDAO, we see that on 68% of the Mondays, the expected change of the DigixDAO is between -8.94% and 1.70%.

DigixDAO increased in value on an average Tuesday 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 (5.92%). This means that on 68 percent of the Tuesdays, the change in price of the DigixDAO is expected to be in the range of -5.91% and 5.93%.

On an average Wednesday, the DigixDAO increased 0.31%. However, since the expected deviation is 4.77%, the DigixDAO will decline in value on a Wednesday quiet regularly. The expected price change of the DigixDAO on a Wednesday is between -4.46% and 5.08%.

On an average Thursday the DigixDAO shows an increase in value of 1.82%. However, the change of DigixDAO on most of the Thursdays is between -5.50% and 9.14%. 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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the DigixDAO on a Friday is between -5.33% and 6.57% (see also the table below).

The DigixDAO declines in value on an average Saturday with -1.63%. However, the uncertainty (or standard deviation) is quite large, namely 5.85%. This means that it is not possible to say whether on a regular Saturday the DigixDAO will increase or decrease in value.

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 1.24% 7.82% -6.58% to 9.06%
Monday -3.62% 5.32% -8.94% to 1.70%
Tuesday 0.01% 5.92% -5.91% to 5.93%
Wednesday 0.31% 4.77% -4.46% to 5.08%
Thursday 1.82% 7.32% -5.50% to 9.14%
Friday 0.62% 5.95% -5.33% to 6.57%
Saturday -1.63% 5.85% -7.47% to 4.22%