HedgeTrade (HEDG)

Current price: $ 0.01

24 hours price change: $ 0.000002 (0.01%)

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 June 17th, 2023 to June 17th, 2024.

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 06/17/2023 and 06/17/2024.

According to the performance of HedgeTrade between June 17th, 2023 and June 17th, 2024, HedgeTrade performed the best on Wednesdays. On average, the price of HedgeTrade increased 1.49% on Wednesday.

The weekday on which the HedgeTrade performed the worst, is Tuesday. On Tuesdays, the HedgeTrade declined in value on average by -0.57%.

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 -0.02%. However, the standard deviation on this weekday is 0.46%. This means that on most Sundays, the change in value of the HedgeTrade is between -0.48% and 0.45%.

HedgeTrade increased in value on an average Monday only slightly. The average increase in value of the HedgeTrade was 0.15%. 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 (0.81%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -0.66% and 0.97%.

Allthough the HedgeTrade decreases in value with -0.57% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Tuesdays is 3.09%. This means that the expected change of the value of HedgeTrade is between -3.66% and 2.51% on 68 out of 100 Tuesdays.

On an average Wednesday the HedgeTrade shows an increase in value of 1.49%. However, the change of HedgeTrade on most of the Wednesdays is between -10.69% and 13.67%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying HedgeTrades.

Historical performance on Thursday 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 Thursday with 0.67%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Thursday is between -2.68% and 4.03% (see also the table below).

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 -0.06%. However, the standard deviation on this weekday is 0.42%. This means that on most Fridays, the change in value of the HedgeTrade is between -0.47% and 0.36%.

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 (0.29%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -0.26% and 0.31%.

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 -0.02% 0.46% -0.48% to 0.45%
Monday 0.15% 0.81% -0.66% to 0.97%
Tuesday -0.57% 3.09% -3.66% to 2.51%
Wednesday 1.49% 12.18% -10.69% to 13.67%
Thursday 0.67% 3.36% -2.68% to 4.03%
Friday -0.06% 0.42% -0.47% to 0.36%
Saturday 0.02% 0.29% -0.26% to 0.31%
 

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