HedgeTrade (HEDG)

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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 June 28th, 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 06/27/2019 and 06/28/2022.

According to the performance of HedgeTrade between June 27th, 2019 and June 28th, 2022, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 264.33% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Monday. On Mondays, the HedgeTrade declined in value on average by -0.40%.

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 0.82%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Sunday is between -5.24% and 6.88% (see also the table below).

Allthough the HedgeTrade decreases in value with -0.40% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Mondays is 5.77%. This means that the expected change of the value of HedgeTrade is between -6.17% and 5.37% on 68 out of 100 Mondays.

On an average Tuesday, the HedgeTrade increased 0.45%. However, since the expected deviation is 5.23%, the HedgeTrade will decline in value on a Tuesday quiet regularly. The expected price change of the HedgeTrade on a Tuesday is between -4.79% and 5.68%.

On an average Wednesday, the HedgeTrade increased 0.50%. However, since the expected deviation is 6.79%, the HedgeTrade will decline in value on a Wednesday quiet regularly. The expected price change of the HedgeTrade on a Wednesday is between -6.30% and 7.29%.

The increase in value of the HedgeTrade is 264.33% 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 3,301.65%. This means that the expected range of value change for the HedgeTrade is -3,037.33% and 3,565.98% on 68% of the Thursdays.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Friday. The average change on a Friday for the HedgeTrade is -0.05%. However, the standard deviation on this weekday is 8.56%. This means that on most Fridays, the change in value of the HedgeTrade is between -8.60% and 8.51%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Saturday. The average change on a Saturday for the HedgeTrade is -0.04%. However, the standard deviation on this weekday is 6.05%. This means that on most Saturdays, the change in value of the HedgeTrade is between -6.09% and 6.00%.

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 0.82% 6.06% -5.24% to 6.88%
Monday -0.40% 5.77% -6.17% to 5.37%
Tuesday 0.45% 5.23% -4.79% to 5.68%
Wednesday 0.50% 6.79% -6.30% to 7.29%
Thursday 264.33% 3,301.65% -3,037.33% to 3,565.98%
Friday -0.05% 8.56% -8.60% to 8.51%
Saturday -0.04% 6.05% -6.09% to 6.00%
 

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