HedgeTrade (HEDG)

Current price: $ 1.03

24 hours price change: $ 0.07 (7.78%)

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 September 1st, 2020 to March 1st, 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 09/01/2020 and 03/01/2021.

According to the performance of HedgeTrade between September 1st, 2020 and March 1st, 2021, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 1.90% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -1.03%.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Sunday is between -3.49% and 4.83% (see also the table below).

The HedgeTrade declines in value on an average Monday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 3.74%. This means that it is not possible to say whether on a regular Monday the HedgeTrade will increase or decrease in value.

HedgeTrade increased in value on an average Tuesday only slightly. The average increase in value of the HedgeTrade was 0.22%. 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 (2.84%). This means that on 68 percent of the Tuesdays, the change in price of the HedgeTrade is expected to be in the range of -2.62% and 3.06%.

On an average Wednesday, the HedgeTrade increased 0.53%. However, since the expected deviation is 5.27%, the HedgeTrade will decline in value on a Wednesday quiet regularly. The expected price change of the HedgeTrade on a Wednesday is between -4.74% and 5.79%.

On an average Thursday the HedgeTrade shows an increase in value of 1.90%. However, the change of HedgeTrade on most of the Thursdays is between -5.22% and 9.02%. Therefore it is hard to tell whether an average Thursday is a good day to start buying HedgeTrades.

The HedgeTrade declines in value on an average Friday with -1.03%. However, the uncertainty (or standard deviation) is quite large, namely 3.31%. This means that it is not possible to say whether on a regular Friday the HedgeTrade will increase or decrease in value.

On an average Saturday, the HedgeTrade increased 0.30%. However, since the expected deviation is 1.41%, the HedgeTrade will decline in value on a Saturday quiet regularly. The expected price change of the HedgeTrade on a Saturday is between -1.11% and 1.71%.

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 0.67% 4.16% -3.49% to 4.83%
Monday -1.03% 3.74% -4.77% to 2.71%
Tuesday 0.22% 2.84% -2.62% to 3.06%
Wednesday 0.53% 5.27% -4.74% to 5.79%
Thursday 1.90% 7.12% -5.22% to 9.02%
Friday -1.03% 3.31% -4.34% to 2.27%
Saturday 0.30% 1.41% -1.11% to 1.71%
 

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