HedgeTrade (HEDG)

Current price: $ 1.43

24 hours price change: $ -0.08 (-5.09%)

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 April 12th, 2021 to May 12th, 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 04/12/2021 and 05/12/2021.

According to the performance of HedgeTrade between April 12th, 2021 and May 12th, 2021, HedgeTrade performed the best on Mondays. On average, the price of HedgeTrade increased 3.41% on Monday.

The weekday on which the HedgeTrade performed the worst, is Wednesday. On Wednesdays, the HedgeTrade declined in value on average by -1.42%.

HedgeTrade weekday performance

On an average Sunday the HedgeTrade shows an increase in value of 2.38%. However, the change of HedgeTrade on most of the Sundays is between -1.63% and 6.39%. Therefore it is hard to tell whether an average Sunday is a good day to start buying HedgeTrades.

The increase in value of the HedgeTrade is 3.41% on an average Monday. However, the uncertainty on the average change is high for the HedgeTrade on Mondays. This is the reason why an expected increase of the HedgeTrade on an average Monday cannot be predicted. The standard deviation for HedgeTrade on Mondays is high, namely 7.39%. This means that the expected range of value change for the HedgeTrade is -3.99% and 10.80% on 68% of the Mondays.

On an average Tuesday the HedgeTrade shows an increase in value of 1.78%. However, the change of HedgeTrade on most of the Tuesdays is between -1.77% and 5.34%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying HedgeTrades.

The HedgeTrade declines in value on an average Wednesday with -1.42%. However, the uncertainty (or standard deviation) is quite large, namely 2.67%. This means that it is not possible to say whether on a regular Wednesday the HedgeTrade will increase or decrease in value.

On an average Thursday the HedgeTrade shows an increase in value of 1.19%. However, the change of HedgeTrade on most of the Thursdays is between -2.83% and 5.21%. Therefore it is hard to tell whether an average Thursday is a good day to start buying HedgeTrades.

On an average Friday the HedgeTrade shows an increase in value of 2.09%. However, the change of HedgeTrade on most of the Fridays is between -1.19% and 5.37%. Therefore it is hard to tell whether an average Friday is a good day to start buying HedgeTrades.

HedgeTrade increased in value on an average Saturday only slightly. The average increase in value of the HedgeTrade was 0.02%. 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 (0.06%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -0.04% and 0.08%.

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 2.38% 4.01% -1.63% to 6.39%
Monday 3.41% 7.39% -3.99% to 10.80%
Tuesday 1.78% 3.56% -1.77% to 5.34%
Wednesday -1.42% 2.67% -4.09% to 1.25%
Thursday 1.19% 4.02% -2.83% to 5.21%
Friday 2.09% 3.28% -1.19% to 5.37%
Saturday 0.02% 0.06% -0.04% to 0.08%
 

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