HedgeTrade (HEDG)

Current price: $ 2.08

24 hours price change: $ -0.07 (-3.31%)

Daily analysis of HedgeTrade (HEDG) - 1 month

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 1 month, starting on July 5th, 2020 to August 5th, 2020.

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 07/05/2020 and 08/05/2020.

According to the performance of HedgeTrade between July 5th, 2020 and August 5th, 2020, HedgeTrade performed the best on Fridays. On average, the price of HedgeTrade increased 0.30% on Friday.

The weekday on which the HedgeTrade performed the worst, is Wednesday. On Wednesdays, the HedgeTrade declined in value on average by -0.21%.

HedgeTrade weekday performance

HedgeTrade increased in value on an average Sunday only slightly. The average increase in value of the HedgeTrade was 0.04%. 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 (0.19%). This means that on 68 percent of the Sundays, the change in price of the HedgeTrade is expected to be in the range of -0.15% and 0.23%.

HedgeTrade increased in value on an average Monday only slightly. The average increase in value of the HedgeTrade was 0.01%. 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 (0.19%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -0.18% and 0.20%.

HedgeTrade increased in value on an average Tuesday only slightly. The average increase in value of the HedgeTrade was 0.03%. 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 (0.04%). This means that on 68 percent of the Tuesdays, the change in price of the HedgeTrade is expected to be in the range of -0.01% and 0.06%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the HedgeTrade is -0.21%. However, the standard deviation on this weekday is 0.33%. This means that on most Wednesdays, the change in value of the HedgeTrade is between -0.54% and 0.12%.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Thursday. The average change on a Thursday for the HedgeTrade is -0.09%. However, the standard deviation on this weekday is 0.25%. This means that on most Thursdays, the change in value of the HedgeTrade is between -0.34% and 0.15%.

On an average Friday, the HedgeTrade increased 0.30%. However, since the expected deviation is 0.32%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -0.02% and 0.62%.

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 -0.06%. However, the standard deviation on this weekday is 0.04%. This means that on most Saturdays, the change in value of the HedgeTrade is between -0.10% and -0.02%.

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 0.04% 0.19% -0.15% to 0.23%
Monday 0.01% 0.19% -0.18% to 0.20%
Tuesday 0.03% 0.04% -0.01% to 0.06%
Wednesday -0.21% 0.33% -0.54% to 0.12%
Thursday -0.09% 0.25% -0.34% to 0.15%
Friday 0.30% 0.32% -0.02% to 0.62%
Saturday -0.06% 0.04% -0.10% to -0.02%
 

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