HedgeTrade (HEDG)

Current price: $ 1.19

24 hours price change: $ 0.06 (5.66%)

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 February 9th, 2021 to March 9th, 2021.

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 02/09/2021 and 03/09/2021.

According to the performance of HedgeTrade between February 9th, 2021 and March 9th, 2021, HedgeTrade performed the best on Wednesdays. On average, the price of HedgeTrade increased 5.63% on Wednesday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -1.27%.

HedgeTrade weekday performance

HedgeTrade increased in value on an average Sunday only slightly. The average increase in value of the HedgeTrade was 0.27%. 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 (5.67%). This means that on 68 percent of the Sundays, the change in price of the HedgeTrade is expected to be in the range of -5.40% and 5.94%.

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 0.64%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Monday is between -1.10% and 2.38% (see also the table below).

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 -0.08%. However, the standard deviation on this weekday is 3.10%. This means that on most Tuesdays, the change in value of the HedgeTrade is between -3.18% and 3.02%.

The increase in value of the HedgeTrade is 5.63% on an average Wednesday. However, the uncertainty on the average change is high for the HedgeTrade on Wednesdays. This is the reason why an expected increase of the HedgeTrade on an average Wednesday cannot be predicted. The standard deviation for HedgeTrade on Wednesdays is high, namely 6.56%. This means that the expected range of value change for the HedgeTrade is -0.93% and 12.19% on 68% of the Wednesdays.

On an average Thursday the HedgeTrade shows an increase in value of 1.22%. However, the change of HedgeTrade on most of the Thursdays is between -0.31% and 2.75%. Therefore it is hard to tell whether an average Thursday is a good day to start buying HedgeTrades.

The HedgeTrade declines in value on an average Friday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 3.12%. This means that it is not possible to say whether on a regular Friday the HedgeTrade will increase or decrease in value.

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 -0.14%. However, the standard deviation on this weekday is 0.69%. This means that on most Saturdays, the change in value of the HedgeTrade is between -0.83% and 0.54%.

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 0.27% 5.67% -5.40% to 5.94%
Monday 0.64% 1.74% -1.10% to 2.38%
Tuesday -0.08% 3.10% -3.18% to 3.02%
Wednesday 5.63% 6.56% -0.93% to 12.19%
Thursday 1.22% 1.53% -0.31% to 2.75%
Friday -1.27% 3.12% -4.39% to 1.86%
Saturday -0.14% 0.69% -0.83% to 0.54%
 

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