HedgeTrade (HEDG)

Current price: $ 0.56

24 hours price change: $ -0.11 (-16.35%)

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 January 19th, 2021 to January 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 01/19/2021 and 01/19/2022.

According to the performance of HedgeTrade between January 19th, 2021 and January 19th, 2022, HedgeTrade performed the best on Fridays. On average, the price of HedgeTrade increased 1.02% on Friday.

The weekday on which the HedgeTrade performed the worst, is Thursday. On Thursdays, the HedgeTrade declined in value on average by -0.23%.

HedgeTrade weekday performance

On an average Sunday, the HedgeTrade increased 0.42%. However, since the expected deviation is 8.46%, the HedgeTrade will decline in value on a Sunday quiet regularly. The expected price change of the HedgeTrade on a Sunday is between -8.04% and 8.88%.

On an average Monday, the HedgeTrade increased 0.32%. However, since the expected deviation is 6.35%, the HedgeTrade will decline in value on a Monday quiet regularly. The expected price change of the HedgeTrade on a Monday is between -6.03% and 6.67%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the HedgeTrade is -0.03%. However, the standard deviation on this weekday is 6.73%. This means that on most Tuesdays, the change in value of the HedgeTrade is between -6.76% and 6.69%.

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 0.86%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Wednesday is between -9.55% and 11.27% (see also the table below).

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 -0.23%. However, the standard deviation on this weekday is 7.72%. This means that on most Thursdays, the change in value of the HedgeTrade is between -7.96% and 7.49%.

On an average Friday the HedgeTrade shows an increase in value of 1.02%. However, the change of HedgeTrade on most of the Fridays is between -12.25% and 14.29%. 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 0.07%. 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 (9.75%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -9.68% and 9.82%.

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 0.42% 8.46% -8.04% to 8.88%
Monday 0.32% 6.35% -6.03% to 6.67%
Tuesday -0.03% 6.73% -6.76% to 6.69%
Wednesday 0.86% 10.41% -9.55% to 11.27%
Thursday -0.23% 7.72% -7.96% to 7.49%
Friday 1.02% 13.27% -12.25% to 14.29%
Saturday 0.07% 9.75% -9.68% to 9.82%
 

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