HedgeTrade (HEDG)

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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 March 25th, 2024 to April 25th, 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 03/25/2024 and 04/25/2024.

According to the performance of HedgeTrade between March 25th, 2024 and April 25th, 2024, HedgeTrade performed the best on Mondays. On average, the price of HedgeTrade increased 0.73% on Monday.

The weekday on which the HedgeTrade performed the worst, is Wednesday. On Wednesdays, the HedgeTrade declined in value on average by -3.35%.

HedgeTrade weekday performance

On an average Sunday, the HedgeTrade increased 0.58%. However, since the expected deviation is 1.07%, the HedgeTrade will decline in value on a Sunday quiet regularly. The expected price change of the HedgeTrade on a Sunday is between -0.49% and 1.64%.

Historical performance on Monday 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 Monday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Monday is between -0.91% and 2.36% (see also the table below).

HedgeTrade increased in value on an average Tuesday only slightly. The average increase in value of the HedgeTrade was 0.00%. 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 (0.08%). This means that on 68 percent of the Tuesdays, the change in price of the HedgeTrade is expected to be in the range of -0.07% and 0.08%.

The decrease in value of the HedgeTrade is -3.35% on an average Wednesday. The uncertainty of the average change is high for the HedgeTrade on Wednesdays. This means that it is hard to tell whether the HedgeTrade will decrease or increase in value on an average Wednesday. If we look at the 68% range of the HedgeTrade, we see that on 68% of the Wednesdays, the expected change of the HedgeTrade is between -10.08% and 3.37%.

On an average Thursday, the HedgeTrade increased 0.35%. However, since the expected deviation is 0.80%, the HedgeTrade will decline in value on a Thursday quiet regularly. The expected price change of the HedgeTrade on a Thursday is between -0.44% and 1.15%.

Allthough the HedgeTrade decreases in value with -0.37% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Fridays is 0.50%. This means that the expected change of the value of HedgeTrade is between -0.87% and 0.14% on 68 out of 100 Fridays.

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 -0.11%. However, the standard deviation on this weekday is 0.18%. This means that on most Saturdays, the change in value of the HedgeTrade is between -0.28% and 0.07%.

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 0.58% 1.07% -0.49% to 1.64%
Monday 0.73% 1.64% -0.91% to 2.36%
Tuesday 0.00% 0.08% -0.07% to 0.08%
Wednesday -3.35% 6.72% -10.08% to 3.37%
Thursday 0.35% 0.80% -0.44% to 1.15%
Friday -0.37% 0.50% -0.87% to 0.14%
Saturday -0.11% 0.18% -0.28% to 0.07%
 

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