HedgeTrade (HEDG)

Current price: $ 0.11

24 hours price change: $ -0.010000 (-8.33%)

Daily analysis of HedgeTrade (HEDG) - 1 year

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 year, starting on August 15th, 2021 to August 15th, 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 08/15/2021 and 08/15/2022.

According to the performance of HedgeTrade between August 15th, 2021 and August 15th, 2022, HedgeTrade performed the best on Wednesdays. On average, the price of HedgeTrade increased 1.68% on Wednesday.

The weekday on which the HedgeTrade performed the worst, is Saturday. On Saturdays, the HedgeTrade declined in value on average by -1.64%.

HedgeTrade weekday performance

On an average Sunday the HedgeTrade shows an increase in value of 1.60%. However, the change of HedgeTrade on most of the Sundays is between -7.65% and 10.86%. Therefore it is hard to tell whether an average Sunday is a good day to start buying HedgeTrades.

The HedgeTrade declines in value on an average Monday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 8.59%. This means that it is not possible to say whether on a regular Monday the HedgeTrade will increase or decrease in value.

On an average Tuesday, the HedgeTrade increased 0.48%. However, since the expected deviation is 7.71%, the HedgeTrade will decline in value on a Tuesday quiet regularly. The expected price change of the HedgeTrade on a Tuesday is between -7.24% and 8.19%.

On an average Wednesday the HedgeTrade shows an increase in value of 1.68%. However, the change of HedgeTrade on most of the Wednesdays is between -8.31% and 11.68%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying HedgeTrades.

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 -0.22%. However, the standard deviation on this weekday is 7.53%. This means that on most Thursdays, the change in value of the HedgeTrade is between -7.75% and 7.31%.

On an average Friday, the HedgeTrade increased 0.46%. However, since the expected deviation is 14.39%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -13.93% and 14.85%.

The HedgeTrade declines in value on an average Saturday with -1.64%. However, the uncertainty (or standard deviation) is quite large, namely 6.86%. This means that it is not possible to say whether on a regular Saturday the HedgeTrade will increase or decrease in value.

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 1.60% 9.25% -7.65% to 10.86%
Monday -1.20% 8.59% -9.79% to 7.38%
Tuesday 0.48% 7.71% -7.24% to 8.19%
Wednesday 1.68% 10.00% -8.31% to 11.68%
Thursday -0.22% 7.53% -7.75% to 7.31%
Friday 0.46% 14.39% -13.93% to 14.85%
Saturday -1.64% 6.86% -8.51% to 5.22%
 

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