HedgeTrade (HEDG)

Current price: $ 0.11

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

Daily analysis of HedgeTrade (HEDG) - 6 months

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 6 months, starting on February 15th, 2022 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 02/15/2022 and 08/15/2022.

According to the performance of HedgeTrade between February 15th, 2022 and August 15th, 2022, HedgeTrade performed the best on Wednesdays. On average, the price of HedgeTrade increased 2.21% on Wednesday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -1.81%.

HedgeTrade weekday performance

Historical performance on Sunday 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 Sunday with 0.61%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Sunday is between -2.44% and 3.65% (see also the table below).

The HedgeTrade declines in value on an average Monday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 10.34%. 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 shows an increase in value of 1.96%. However, the change of HedgeTrade on most of the Tuesdays is between -5.93% and 9.85%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying HedgeTrades.

On an average Wednesday the HedgeTrade shows an increase in value of 2.21%. However, the change of HedgeTrade on most of the Wednesdays is between -9.38% and 13.81%. 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 0.97%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Thursday is between -7.41% and 9.35% (see also the table below).

The HedgeTrade declines in value on an average Friday with -1.81%. However, the uncertainty (or standard deviation) is quite large, namely 8.69%. This means that it is not possible to say whether on a regular Friday the HedgeTrade will increase or decrease in value.

Allthough the HedgeTrade decreases in value with -0.56% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Saturdays is 6.54%. This means that the expected change of the value of HedgeTrade is between -7.10% and 5.99% on 68 out of 100 Saturdays.

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 0.61% 3.04% -2.44% to 3.65%
Monday -1.55% 10.34% -11.89% to 8.79%
Tuesday 1.96% 7.89% -5.93% to 9.85%
Wednesday 2.21% 11.59% -9.38% to 13.81%
Thursday 0.97% 8.38% -7.41% to 9.35%
Friday -1.81% 8.69% -10.50% to 6.88%
Saturday -0.56% 6.54% -7.10% to 5.99%
 

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