HedgeTrade (HEDG)

Current price: $ 0.27

24 hours price change: - (-)

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 July 19th, 2022 to August 19th, 2022.

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 07/19/2022 and 08/19/2022.

According to the performance of HedgeTrade between July 19th, 2022 and August 19th, 2022, HedgeTrade performed the best on Wednesdays. On average, the price of HedgeTrade increased 12.01% on Wednesday.

The weekday on which the HedgeTrade performed the worst, is Saturday. On Saturdays, the HedgeTrade declined in value on average by -7.92%.

HedgeTrade weekday performance

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Sunday. The average change on a Sunday for the HedgeTrade is -0.03%. However, the standard deviation on this weekday is 0.06%. This means that on most Sundays, the change in value of the HedgeTrade is between -0.09% and 0.03%.

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 -0.04%. However, the standard deviation on this weekday is 0.04%. This means that on most Mondays, the change in value of the HedgeTrade is between -0.09% and 0.00%.

The HedgeTrade declines in value on an average Tuesday with -1.69%. However, the uncertainty (or standard deviation) is quite large, namely 3.40%. This means that it is not possible to say whether on a regular Tuesday the HedgeTrade will increase or decrease in value.

The increase in value of the HedgeTrade is 12.01% on an average Wednesday. However, the uncertainty on the average change is high for the HedgeTrade on Wednesdays. This is the reason why an expected increase of the HedgeTrade on an average Wednesday cannot be predicted. The standard deviation for HedgeTrade on Wednesdays is high, namely 23.94%. This means that the expected range of value change for the HedgeTrade is -11.93% and 35.95% on 68% of the Wednesdays.

HedgeTrade increased in value on an average Thursday only slightly. The average increase in value of the HedgeTrade was 0.07%. 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 (0.17%). This means that on 68 percent of the Thursdays, the change in price of the HedgeTrade is expected to be in the range of -0.10% and 0.25%.

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 -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Fridays, the change in value of the HedgeTrade is between -0.02% and 0.01%.

The decrease in value of the HedgeTrade is -7.92% on an average Saturday. The uncertainty of the average change is high for the HedgeTrade on Saturdays. This means that it is hard to tell whether the HedgeTrade will decrease or increase in value on an average Saturday. If we look at the 68% range of the HedgeTrade, we see that on 68% of the Saturdays, the expected change of the HedgeTrade is between -21.65% and 5.80%.

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 -0.03% 0.06% -0.09% to 0.03%
Monday -0.04% 0.04% -0.09% to 0.00%
Tuesday -1.69% 3.40% -5.09% to 1.72%
Wednesday 12.01% 23.94% -11.93% to 35.95%
Thursday 0.07% 0.17% -0.10% to 0.25%
Friday -0.01% 0.01% -0.02% to 0.01%
Saturday -7.92% 13.72% -21.65% to 5.80%
 

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