HedgeTrade (HEDG)

Current price: $ 0.83

24 hours price change: $ 0.009741 (1.18%)

Daily analysis of HedgeTrade (HEDG) - all

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 years, starting on June 27th, 2019 to October 27th, 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 06/27/2019 and 10/27/2021.

According to the performance of HedgeTrade between June 27th, 2019 and October 27th, 2021, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 340.36% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -0.45%.

HedgeTrade weekday performance

HedgeTrade increased in value on an average Sunday only slightly. The average increase in value of the HedgeTrade was 0.24%. 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 (3.25%). This means that on 68 percent of the Sundays, the change in price of the HedgeTrade is expected to be in the range of -3.01% and 3.49%.

HedgeTrade increased in value on an average Monday only slightly. The average increase in value of the HedgeTrade was 0.12%. 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 (4.07%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -3.96% and 4.19%.

On an average Tuesday, the HedgeTrade increased 0.31%. However, since the expected deviation is 4.33%, the HedgeTrade will decline in value on a Tuesday quiet regularly. The expected price change of the HedgeTrade on a Tuesday is between -4.02% and 4.64%.

Historical performance on Wednesday 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 Wednesday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Wednesday is between -6.60% and 8.14% (see also the table below).

The increase in value of the HedgeTrade is 340.36% on an average Thursday. However, the uncertainty on the average change is high for the HedgeTrade on Thursdays. This is the reason why an expected increase of the HedgeTrade on an average Thursday cannot be predicted. The standard deviation for HedgeTrade on Thursdays is high, namely 3,741.96%. This means that the expected range of value change for the HedgeTrade is -3,401.60% and 4,082.32% on 68% of the Thursdays.

Allthough the HedgeTrade decreases in value with -0.45% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Fridays is 2.80%. This means that the expected change of the value of HedgeTrade is between -3.25% and 2.35% on 68 out of 100 Fridays.

On an average Saturday, the HedgeTrade increased 0.36%. However, since the expected deviation is 5.92%, the HedgeTrade will decline in value on a Saturday quiet regularly. The expected price change of the HedgeTrade on a Saturday is between -5.56% and 6.28%.

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 0.24% 3.25% -3.01% to 3.49%
Monday 0.12% 4.07% -3.96% to 4.19%
Tuesday 0.31% 4.33% -4.02% to 4.64%
Wednesday 0.77% 7.37% -6.60% to 8.14%
Thursday 340.36% 3,741.96% -3,401.60% to 4,082.32%
Friday -0.45% 2.80% -3.25% to 2.35%
Saturday 0.36% 5.92% -5.56% to 6.28%
 

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