HedgeTrade (HEDG)

Current price: -

24 hours price change: - (-)

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 May 28th, 2022 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 05/28/2022 and 06/28/2022.

According to the performance of HedgeTrade between May 28th, 2022 and June 28th, 2022, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 3.43% on Thursday.

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

HedgeTrade weekday performance

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

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Monday. The average change on a Monday for the HedgeTrade is -0.05%. However, the standard deviation on this weekday is 0.04%. This means that on most Mondays, the change in value of the HedgeTrade is between -0.09% and -0.01%.

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 -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Tuesdays, the change in value of the HedgeTrade is between -0.11% and 0.04%.

Historical performance on Wednesday 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 Wednesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Wednesday is between -0.75% and 2.54% (see also the table below).

The increase in value of the HedgeTrade is 3.43% 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 5.89%. This means that the expected range of value change for the HedgeTrade is -2.45% and 9.32% 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 0.00%. However, the standard deviation on this weekday is 0.04%. This means that on most Fridays, the change in value of the HedgeTrade is between -0.04% and 0.04%.

HedgeTrade increased in value on an average Saturday only slightly. The average increase in value of the HedgeTrade was 0.02%. 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 (0.06%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -0.04% 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 - - - to -
Monday -0.05% 0.04% -0.09% to -0.01%
Tuesday -0.04% 0.08% -0.11% to 0.04%
Wednesday 0.90% 1.65% -0.75% to 2.54%
Thursday 3.43% 5.89% -2.45% to 9.32%
Friday 0.00% 0.04% -0.04% to 0.04%
Saturday 0.02% 0.06% -0.04% to 0.07%
 

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