HedgeTrade (HEDG)

Current price: $ 0.67

24 hours price change: $ -0.22 (-24.93%)

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 October 17th, 2020 to October 17th, 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 10/17/2020 and 10/17/2021.

According to the performance of HedgeTrade between October 17th, 2020 and October 17th, 2021, HedgeTrade performed the best on Saturdays. On average, the price of HedgeTrade increased 1.54% on Saturday.

The weekday on which the HedgeTrade performed the worst, is Friday. On Fridays, the HedgeTrade declined in value on average by -0.64%.

HedgeTrade weekday performance

It is hard to tell whether the HedgeTrade will increase or decrease in value on an average Sunday. The average change on a Sunday for the HedgeTrade is -0.07%. However, the standard deviation on this weekday is 4.46%. This means that on most Sundays, the change in value of the HedgeTrade is between -4.52% and 4.39%.

HedgeTrade increased in value on an average Monday 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 (5.41%). This means that on 68 percent of the Mondays, the change in price of the HedgeTrade is expected to be in the range of -5.32% and 5.50%.

On an average Tuesday the HedgeTrade shows an increase in value of 1.06%. However, the change of HedgeTrade on most of the Tuesdays is between -4.06% and 6.17%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying HedgeTrades.

On an average Wednesday, the HedgeTrade increased 0.55%. However, since the expected deviation is 9.59%, the HedgeTrade will decline in value on a Wednesday quiet regularly. The expected price change of the HedgeTrade on a Wednesday is between -9.03% and 10.14%.

On an average Thursday, the HedgeTrade increased 0.39%. However, since the expected deviation is 7.08%, the HedgeTrade will decline in value on a Thursday quiet regularly. The expected price change of the HedgeTrade on a Thursday is between -6.69% and 7.48%.

On Fridays, the HedgeTrade decreases in value on average with -0.64%. On most of the Fridays the HedgeTrade decreases in value between -4.28% and 3.00%. The uncertainty (3.64%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the HedgeTrade on Fridays is large.

On an average Saturday the HedgeTrade shows an increase in value of 1.54%. However, the change of HedgeTrade on most of the Saturdays is between -6.67% and 9.76%. Therefore it is hard to tell whether an average Saturday is a good day to start buying HedgeTrades.

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 -0.07% 4.46% -4.52% to 4.39%
Monday 0.09% 5.41% -5.32% to 5.50%
Tuesday 1.06% 5.11% -4.06% to 6.17%
Wednesday 0.55% 9.59% -9.03% to 10.14%
Thursday 0.39% 7.08% -6.69% to 7.48%
Friday -0.64% 3.64% -4.28% to 3.00%
Saturday 1.54% 8.21% -6.67% to 9.76%
 

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