Hedera Hashgraph (HBAR)

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Daily analysis of Hedera Hashgraph (HBAR) - 1 month

The performance of Hedera Hashgraph regarding the price differs every day. To make the best decision to buy Hedera Hashgraph, we are analysis in this article the performance of Hedera Hashgraph on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 22nd, 2024 to May 17th, 2024.

In the barchart below, the weekdays and average performance of Hedera Hashgraph are shown side by side.

Average daily change in price of Hedera Hashgraph per weekday between 04/22/2024 and 05/17/2024.

The weekday on which the Hedera Hashgraph performed the worst, is Tuesday. On Tuesdays, the Hedera Hashgraph declined in value on average by -2.26%.

Hedera Hashgraph weekday performance

On Sundays, the Hedera Hashgraph decreases in value on average with -0.91%. On most of the Sundays the Hedera Hashgraph decreases in value between -2.20% and 0.38%. The uncertainty (1.29%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Hedera Hashgraph on Sundays is large.

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Monday. The average change on a Monday for the Hedera Hashgraph is -0.10%. However, the standard deviation on this weekday is 0.15%. This means that on most Mondays, the change in value of the Hedera Hashgraph is between -0.25% and 0.05%.

The Hedera Hashgraph declines in value on an average Tuesday with -2.26%. However, the uncertainty (or standard deviation) is quite large, namely 3.95%. This means that it is not possible to say whether on a regular Tuesday the Hedera Hashgraph will increase or decrease in value.

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Hedera Hashgraph is -0.14%. However, the standard deviation on this weekday is 0.53%. This means that on most Wednesdays, the change in value of the Hedera Hashgraph is between -0.67% and 0.39%.

Allthough the Hedera Hashgraph decreases in value with -0.34% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Hedera Hashgraph on Thursdays is 0.69%. This means that the expected change of the value of Hedera Hashgraph is between -1.03% and 0.35% on 68 out of 100 Thursdays.

The Hedera Hashgraph declines in value on an average Friday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 3.13%. This means that it is not possible to say whether on a regular Friday the Hedera Hashgraph will increase or decrease in value.

The Hedera Hashgraph declines in value on an average Saturday with -1.35%. However, the uncertainty (or standard deviation) is quite large, namely 2.04%. This means that it is not possible to say whether on a regular Saturday the Hedera Hashgraph will increase or decrease in value.

Hedera Hashgraph weekday performance details

Find below the details of the performance of Hedera Hashgraph 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 -0.91% 1.29% -2.20% to 0.38%
Monday -0.10% 0.15% -0.25% to 0.05%
Tuesday -2.26% 3.95% -6.21% to 1.69%
Wednesday -0.14% 0.53% -0.67% to 0.39%
Thursday -0.34% 0.69% -1.03% to 0.35%
Friday -1.70% 3.13% -4.83% to 1.43%
Saturday -1.35% 2.04% -3.39% to 0.69%
 

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