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 May 17th, 2024.

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 05/17/2024.

According to the performance of HedgeTrade between June 27th, 2019 and May 17th, 2024, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 162.88% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Monday. On Mondays, the HedgeTrade rose in value on average by 0.34%. The price still increased on Mondays, allthough it was the smallest increase of all days on average.

HedgeTrade weekday performance

On an average Sunday the HedgeTrade shows an increase in value of 1.17%. However, the change of HedgeTrade on most of the Sundays is between -5.88% and 8.22%. Therefore it is hard to tell whether an average Sunday is a good day to start buying HedgeTrades.

On an average Monday, the HedgeTrade increased 0.34%. However, since the expected deviation is 6.61%, the HedgeTrade will decline in value on a Monday quiet regularly. The expected price change of the HedgeTrade on a Monday is between -6.27% and 6.96%.

On an average Tuesday, the HedgeTrade increased 0.43%. However, since the expected deviation is 7.03%, the HedgeTrade will decline in value on a Tuesday quiet regularly. The expected price change of the HedgeTrade on a Tuesday is between -6.60% and 7.45%.

On an average Wednesday the HedgeTrade shows an increase in value of 1.48%. However, the change of HedgeTrade on most of the Wednesdays is between -9.28% and 12.24%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying HedgeTrades.

The increase in value of the HedgeTrade is 162.88% 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 2,588.76%. This means that the expected range of value change for the HedgeTrade is -2,425.88% and 2,751.64% on 68% of the Thursdays.

On an average Friday, the HedgeTrade increased 0.58%. However, since the expected deviation is 8.49%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -7.91% and 9.07%.

On an average Saturday, the HedgeTrade increased 0.41%. However, since the expected deviation is 7.35%, the HedgeTrade will decline in value on a Saturday quiet regularly. The expected price change of the HedgeTrade on a Saturday is between -6.94% and 7.76%.

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 1.17% 7.05% -5.88% to 8.22%
Monday 0.34% 6.61% -6.27% to 6.96%
Tuesday 0.43% 7.03% -6.60% to 7.45%
Wednesday 1.48% 10.76% -9.28% to 12.24%
Thursday 162.88% 2,588.76% -2,425.88% to 2,751.64%
Friday 0.58% 8.49% -7.91% to 9.07%
Saturday 0.41% 7.35% -6.94% to 7.76%
 

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