HedgeTrade (HEDG)

Current price: $ 0.68

24 hours price change: $ -0.03 (-3.82%)

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 December 26th, 2021 to January 26th, 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 12/26/2021 and 01/26/2022.

According to the performance of HedgeTrade between December 26th, 2021 and January 26th, 2022, HedgeTrade performed the best on Fridays. On average, the price of HedgeTrade increased 2.27% on Friday.

The weekday on which the HedgeTrade performed the worst, is Tuesday. On Tuesdays, the HedgeTrade declined in value on average by -3.98%.

HedgeTrade weekday performance

The HedgeTrade declines in value on an average Sunday with -2.30%. However, the uncertainty (or standard deviation) is quite large, namely 4.75%. This means that it is not possible to say whether on a regular Sunday the HedgeTrade will increase or decrease in value.

Allthough the HedgeTrade decreases in value with -0.59% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Mondays is 0.23%. This means that the expected change of the value of HedgeTrade is between -0.82% and -0.37% on 68 out of 100 Mondays.

The decrease in value of the HedgeTrade is -3.98% on an average Tuesday. The uncertainty of the average change is high for the HedgeTrade on Tuesdays. This means that it is hard to tell whether the HedgeTrade will decrease or increase in value on an average Tuesday. If we look at the 68% range of the HedgeTrade, we see that on 68% of the Tuesdays, the expected change of the HedgeTrade is between -10.84% and 2.88%.

HedgeTrade increased in value on an average Wednesday only slightly. The average increase in value of the HedgeTrade was 0.06%. 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 (0.60%). This means that on 68 percent of the Wednesdays, the change in price of the HedgeTrade is expected to be in the range of -0.54% and 0.67%.

HedgeTrade increased in value on an average Thursday only slightly. The average increase in value of the HedgeTrade was 0.29%. 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 (0.34%). This means that on 68 percent of the Thursdays, the change in price of the HedgeTrade is expected to be in the range of -0.05% and 0.64%.

On an average Friday the HedgeTrade shows an increase in value of 2.27%. However, the change of HedgeTrade on most of the Fridays is between -1.56% and 6.11%. Therefore it is hard to tell whether an average Friday is a good day to start buying HedgeTrades.

Allthough the HedgeTrade decreases in value with -0.38% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Saturdays is 1.95%. This means that the expected change of the value of HedgeTrade is between -2.33% and 1.58% 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 -2.30% 4.75% -7.05% to 2.45%
Monday -0.59% 0.23% -0.82% to -0.37%
Tuesday -3.98% 6.86% -10.84% to 2.88%
Wednesday 0.06% 0.60% -0.54% to 0.67%
Thursday 0.29% 0.34% -0.05% to 0.64%
Friday 2.27% 3.83% -1.56% to 6.11%
Saturday -0.38% 1.95% -2.33% to 1.58%
 

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