HedgeTrade (HEDG)

Current price: $ 1.08

24 hours price change: $ -0.01 (-0.94%)

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 March 4th, 2020 to March 4th, 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 03/04/2020 and 03/04/2021.

According to the performance of HedgeTrade between March 4th, 2020 and March 4th, 2021, HedgeTrade performed the best on Thursdays. On average, the price of HedgeTrade increased 0.91% on Thursday.

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

HedgeTrade weekday performance

On an average Sunday, the HedgeTrade increased 0.34%. However, since the expected deviation is 2.98%, the HedgeTrade will decline in value on a Sunday quiet regularly. The expected price change of the HedgeTrade on a Sunday is between -2.65% and 3.32%.

Allthough the HedgeTrade decreases in value with -0.42% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Mondays is 2.73%. This means that the expected change of the value of HedgeTrade is between -3.16% and 2.31% on 68 out of 100 Mondays.

HedgeTrade increased in value on an average Tuesday only slightly. The average increase in value of the HedgeTrade was 0.09%. 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 (2.04%). This means that on 68 percent of the Tuesdays, the change in price of the HedgeTrade is expected to be in the range of -1.94% and 2.13%.

On an average Wednesday, the HedgeTrade increased 0.31%. However, since the expected deviation is 3.71%, the HedgeTrade will decline in value on a Wednesday quiet regularly. The expected price change of the HedgeTrade on a Wednesday is between -3.40% and 4.02%.

Historical performance on Thursday 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 Thursday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the HedgeTrade on a Thursday is between -4.21% and 6.02% (see also the table below).

Allthough the HedgeTrade decreases in value with -0.57% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of HedgeTrade on Fridays is 2.41%. This means that the expected change of the value of HedgeTrade is between -2.99% and 1.84% on 68 out of 100 Fridays.

HedgeTrade increased in value on an average Saturday only slightly. The average increase in value of the HedgeTrade was 0.13%. 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 (1.03%). This means that on 68 percent of the Saturdays, the change in price of the HedgeTrade is expected to be in the range of -0.90% and 1.16%.

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 0.34% 2.98% -2.65% to 3.32%
Monday -0.42% 2.73% -3.16% to 2.31%
Tuesday 0.09% 2.04% -1.94% to 2.13%
Wednesday 0.31% 3.71% -3.40% to 4.02%
Thursday 0.91% 5.11% -4.21% to 6.02%
Friday -0.57% 2.41% -2.99% to 1.84%
Saturday 0.13% 1.03% -0.90% to 1.16%
 

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