HedgeTrade (HEDG)

Current price: $ 1.89

24 hours price change: $ 0.03 (1.56%)

Daily analysis of HedgeTrade (HEDG) - all

The performance of HedgeTrade regarding the price differs every day. To make the best decision to buy HedgeTrade, we are analysis in this article the performance of HedgeTrade on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on June 27th, 2019 to August 12th, 2020.

In the barchart below, the weekdays and average performance of HedgeTrade are shown side by side.

Average daily change in price of HedgeTrade per weekday between 06/27/2019 and 08/12/2020.

According to the performance of HedgeTrade between June 27th, 2019 and August 12th, 2020, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 703.45% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Saturday. On Saturdays, the HedgeTrade declined in value on average by -0.65%.

HedgeTrade weekday performance

On an average Sunday, the HedgeTrade increased 0.56%. However, since the expected deviation is 1.94%, the HedgeTrade will decline in value on a Sunday quiet regularly. The expected price change of the HedgeTrade on a Sunday is between -1.38% and 2.51%.

HedgeTrade increased in value on an average Monday only slightly. The average increase in value of the HedgeTrade was 0.17%. Allthough the HedgeTrade closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.79%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -2.62% and 2.95%.

HedgeTrade increased in value on an average Tuesday only slightly. The average increase in value of the HedgeTrade was 0.05%. Allthough the HedgeTrade closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.83%). This means that on 68 percent of the Tuesdays, the change in price of the HedgeTrade is expected to be in the range of -1.78% and 1.87%.

Historical performance on Wednesday do not show an increase in value of the HedgeTrade on which a prediction can be made. The HedgeTrade increased in value on average on an average Wednesday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Wednesday is between -4.06% and 5.45% (see also the table below).

The increase in value of the HedgeTrade is 703.45% on an average Thursday. However, the uncertainty on the average change is high for the HedgeTrade on Thursdays. This is the reason why an expected increase of the HedgeTrade on an average Thursday cannot be predicted. The standard deviation for HedgeTrade on Thursdays is high, namely 5,357.10%. This means that the expected range of value change for the HedgeTrade is -4,653.65% and 6,060.55% on 68% of the Thursdays.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Friday. The average change on a Friday for the HedgeTrade is -0.13%. However, the standard deviation on this weekday is 1.32%. This means that on most Fridays, the change in value of the HedgeTrade is between -1.44% and 1.19%.

On Saturdays, the HedgeTrade decreases in value on average with -0.65%. On most of the Saturdays the HedgeTrade decreases in value between -3.74% and 2.44%. The uncertainty (3.09%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the HedgeTrade on Saturdays is large.

HedgeTrade weekday performance details

Find below the details of the performance of HedgeTrade 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 0.56% 1.94% -1.38% to 2.51%
Monday 0.17% 2.79% -2.62% to 2.95%
Tuesday 0.05% 1.83% -1.78% to 1.87%
Wednesday 0.69% 4.76% -4.06% to 5.45%
Thursday 703.45% 5,357.10% -4,653.65% to 6,060.55%
Friday -0.13% 1.32% -1.44% to 1.19%
Saturday -0.65% 3.09% -3.74% to 2.44%
 

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