HedgeTrade (HEDG)

Current price: $ 0.68

24 hours price change: $ 0.04 (7.00%)

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 October 29th, 2020 to November 28th, 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 10/29/2020 and 11/28/2020.

According to the performance of HedgeTrade between October 29th, 2020 and November 28th, 2020, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 1.63% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Wednesday. On Wednesdays, the HedgeTrade declined in value on average by -0.98%.

HedgeTrade weekday performance

On Sundays, the HedgeTrade decreases in value on average with -0.91%. On most of the Sundays the HedgeTrade decreases in value between -1.67% and -0.16%. The uncertainty (0.76%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the HedgeTrade on Sundays is large.

On Mondays, the HedgeTrade decreases in value on average with -0.68%. On most of the Mondays the HedgeTrade decreases in value between -2.43% and 1.07%. The uncertainty (1.75%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the HedgeTrade on Mondays is large.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the HedgeTrade is -0.30%. However, the standard deviation on this weekday is 0.29%. This means that on most Tuesdays, the change in value of the HedgeTrade is between -0.59% and 0.00%.

On Wednesdays, the HedgeTrade decreases in value on average with -0.98%. On most of the Wednesdays the HedgeTrade decreases in value between -3.21% and 1.25%. The uncertainty (2.23%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the HedgeTrade on Wednesdays is large.

On an average Thursday the HedgeTrade shows an increase in value of 1.63%. However, the change of HedgeTrade on most of the Thursdays is between -0.56% and 3.81%. Therefore it is hard to tell whether an average Thursday is a good day to start buying HedgeTrades.

On an average Friday, the HedgeTrade increased 0.51%. However, since the expected deviation is 1.46%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -0.94% and 1.97%.

Allthough the HedgeTrade decreases in value with -0.56% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Saturdays is 1.24%. This means that the expected change of the value of HedgeTrade is between -1.80% and 0.67% on 68 out of 100 Saturdays.

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 -0.91% 0.76% -1.67% to -0.16%
Monday -0.68% 1.75% -2.43% to 1.07%
Tuesday -0.30% 0.29% -0.59% to 0.00%
Wednesday -0.98% 2.23% -3.21% to 1.25%
Thursday 1.63% 2.19% -0.56% to 3.81%
Friday 0.51% 1.46% -0.94% to 1.97%
Saturday -0.56% 1.24% -1.80% to 0.67%
 

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