HedgeTrade (HEDG)

Current price: $ 0.88

24 hours price change: $ 0.01 (1.37%)

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 January 25th, 2021 to July 25th, 2021.

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 01/25/2021 and 07/25/2021.

According to the performance of HedgeTrade between January 25th, 2021 and July 25th, 2021, HedgeTrade performed the best on Saturdays. On average, the price of HedgeTrade increased 2.56% on Saturday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -0.58%.

HedgeTrade weekday performance

Allthough the HedgeTrade decreases in value with -0.41% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Sundays is 4.86%. This means that the expected change of the value of HedgeTrade is between -5.28% and 4.45% on 68 out of 100 Sundays.

On an average Monday the HedgeTrade shows an increase in value of 1.37%. However, the change of HedgeTrade on most of the Mondays is between -4.62% and 7.37%. Therefore it is hard to tell whether an average Monday is a good day to start buying HedgeTrades.

Historical performance on Tuesday 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 Tuesday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Tuesday is between -5.21% and 7.09% (see also the table below).

On an average Wednesday the HedgeTrade shows an increase in value of 1.11%. However, the change of HedgeTrade on most of the Wednesdays is between -11.03% and 13.26%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying HedgeTrades.

Allthough the HedgeTrade decreases in value with -0.41% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Thursdays is 5.32%. This means that the expected change of the value of HedgeTrade is between -5.74% and 4.91% on 68 out of 100 Thursdays.

Allthough the HedgeTrade decreases in value with -0.58% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Fridays is 4.18%. This means that the expected change of the value of HedgeTrade is between -4.75% and 3.60% on 68 out of 100 Fridays.

On an average Saturday the HedgeTrade shows an increase in value of 2.56%. However, the change of HedgeTrade on most of the Saturdays is between -8.65% and 13.76%. Therefore it is hard to tell whether an average Saturday is a good day to start buying HedgeTrades.

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 -0.41% 4.86% -5.28% to 4.45%
Monday 1.37% 5.99% -4.62% to 7.37%
Tuesday 0.94% 6.15% -5.21% to 7.09%
Wednesday 1.11% 12.14% -11.03% to 13.26%
Thursday -0.41% 5.32% -5.74% to 4.91%
Friday -0.58% 4.18% -4.75% to 3.60%
Saturday 2.56% 11.20% -8.65% to 13.76%
 

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