HedgeTrade (HEDG)

Current price: $ 0.01

24 hours price change: $ 0.000011 (0.08%)

Daily analysis of HedgeTrade (HEDG) - 1 year

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 year, starting on July 19th, 2023 to July 19th, 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 07/19/2023 and 07/19/2024.

According to the performance of HedgeTrade between July 19th, 2023 and July 19th, 2024, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 0.43% on Thursday.

The weekday on which the HedgeTrade performed the worst, is Tuesday. On Tuesdays, the HedgeTrade declined in value on average by -0.57%.

HedgeTrade weekday performance

HedgeTrade increased in value on an average Sunday only slightly. The average increase in value of the HedgeTrade was 0.04%. 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 (0.62%). This means that on 68 percent of the Sundays, the change in price of the HedgeTrade is expected to be in the range of -0.57% and 0.66%.

HedgeTrade increased in value on an average Monday only slightly. The average increase in value of the HedgeTrade was 0.16%. 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 (0.82%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -0.66% and 0.98%.

Allthough the HedgeTrade decreases in value with -0.57% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Tuesdays is 3.09%. This means that the expected change of the value of HedgeTrade is between -3.66% and 2.51% on 68 out of 100 Tuesdays.

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the HedgeTrade is -0.20%. However, the standard deviation on this weekday is 2.69%. This means that on most Wednesdays, the change in value of the HedgeTrade is between -2.89% and 2.50%.

On an average Thursday, the HedgeTrade increased 0.43%. However, since the expected deviation is 2.81%, the HedgeTrade will decline in value on a Thursday quiet regularly. The expected price change of the HedgeTrade on a Thursday is between -2.38% and 3.24%.

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 -0.09%. However, the standard deviation on this weekday is 0.50%. This means that on most Fridays, the change in value of the HedgeTrade is between -0.59% and 0.41%.

HedgeTrade increased in value on an average Saturday only slightly. The average increase in value of the HedgeTrade was 0.04%. 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 (0.32%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -0.28% and 0.36%.

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 0.04% 0.62% -0.57% to 0.66%
Monday 0.16% 0.82% -0.66% to 0.98%
Tuesday -0.57% 3.09% -3.66% to 2.51%
Wednesday -0.20% 2.69% -2.89% to 2.50%
Thursday 0.43% 2.81% -2.38% to 3.24%
Friday -0.09% 0.50% -0.59% to 0.41%
Saturday 0.04% 0.32% -0.28% to 0.36%
 

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