HedgeTrade (HEDG)

Current price: $ 0.89

24 hours price change: $ 0.01 (1.58%)

Daily analysis of HedgeTrade (HEDG) - 1 month

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 1 month, starting on June 25th, 2021 to July 25th, 2021.

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 06/25/2021 and 07/25/2021.

According to the performance of HedgeTrade between June 25th, 2021 and July 25th, 2021, HedgeTrade performed the best on Tuesdays. On average, the price of HedgeTrade increased 6.58% on Tuesday.

The weekday on which the HedgeTrade performed the worst, is Wednesday. On Wednesdays, the HedgeTrade declined in value on average by -8.94%.

HedgeTrade weekday performance

HedgeTrade increased in value on an average Sunday only slightly. The average increase in value of the HedgeTrade was 0.12%. 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 (3.01%). This means that on 68 percent of the Sundays, the change in price of the HedgeTrade is expected to be in the range of -2.90% and 3.13%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Monday. The average change on a Monday for the HedgeTrade is -0.27%. However, the standard deviation on this weekday is 0.31%. This means that on most Mondays, the change in value of the HedgeTrade is between -0.58% and 0.04%.

The increase in value of the HedgeTrade is 6.58% on an average Tuesday. However, the uncertainty on the average change is high for the HedgeTrade on Tuesdays. This is the reason why an expected increase of the HedgeTrade on an average Tuesday cannot be predicted. The standard deviation for HedgeTrade on Tuesdays is high, namely 11.42%. This means that the expected range of value change for the HedgeTrade is -4.84% and 18.01% on 68% of the Tuesdays.

The decrease in value of the HedgeTrade is -8.94% on an average Wednesday. The uncertainty of the average change is high for the HedgeTrade on Wednesdays. This means that it is hard to tell whether the HedgeTrade will decrease or increase in value on an average Wednesday. If we look at the 68% range of the HedgeTrade, we see that on 68% of the Wednesdays, the expected change of the HedgeTrade is between -24.40% and 6.51%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Thursday. The average change on a Thursday for the HedgeTrade is -0.13%. However, the standard deviation on this weekday is 0.09%. This means that on most Thursdays, the change in value of the HedgeTrade is between -0.22% and -0.04%.

On an average Friday, the HedgeTrade increased 0.49%. However, since the expected deviation is 6.13%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -5.64% and 6.61%.

On an average Saturday the HedgeTrade shows an increase in value of 1.98%. However, the change of HedgeTrade on most of the Saturdays is between -1.55% and 5.51%. Therefore it is hard to tell whether an average Saturday is a good day to start buying HedgeTrades.

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 0.12% 3.01% -2.90% to 3.13%
Monday -0.27% 0.31% -0.58% to 0.04%
Tuesday 6.58% 11.42% -4.84% to 18.01%
Wednesday -8.94% 15.45% -24.40% to 6.51%
Thursday -0.13% 0.09% -0.22% to -0.04%
Friday 0.49% 6.13% -5.64% to 6.61%
Saturday 1.98% 3.53% -1.55% to 5.51%
 

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