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 May 26th, 2021 to May 26th, 2022.
In the barchart below, the weekdays and average performance of HedgeTrade are shown side by side.
According to the performance of HedgeTrade between May 26th, 2021 and May 26th, 2022, HedgeTrade performed the best on Sundays. On average, the price of HedgeTrade increased 1.35% on Sunday.
The weekday on which the HedgeTrade performed the worst, is Monday. On Mondays, the HedgeTrade declined in value on average by -1.37%.
HedgeTrade weekday performance
On an average Sunday the HedgeTrade shows an increase in value of 1.35%. However, the change of HedgeTrade on most of the Sundays is between -8.21% and 10.90%. Therefore it is hard to tell whether an average Sunday is a good day to start buying HedgeTrades.
The HedgeTrade declines in value on an average Monday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 8.70%. This means that it is not possible to say whether on a regular Monday the HedgeTrade will increase or decrease in value.
On an average Tuesday the HedgeTrade shows an increase in value of 1.05%. However, the change of HedgeTrade on most of the Tuesdays is between -7.39% and 9.48%. 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 0.56%. However, since the expected deviation is 9.76%, the HedgeTrade will decline in value on a Wednesday quiet regularly. The expected price change of the HedgeTrade on a Wednesday is between -9.20% and 10.32%.
The HedgeTrade declines in value on an average Thursday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 6.58%. This means that it is not possible to say whether on a regular Thursday the HedgeTrade will increase or decrease in value.
On an average Friday, the HedgeTrade increased 0.39%. However, since the expected deviation is 14.53%, the HedgeTrade will decline in value on a Friday quiet regularly. The expected price change of the HedgeTrade on a Friday is between -14.15% and 14.92%.
On Saturdays, the HedgeTrade decreases in value on average with -0.69%. On most of the Saturdays the HedgeTrade decreases in value between -6.46% and 5.07%. The uncertainty (5.76%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the HedgeTrade on Saturdays is large.
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||1.35%||9.55%||-8.21% to 10.90%|
|Monday||-1.37%||8.70%||-10.07% to 7.33%|
|Tuesday||1.05%||8.43%||-7.39% to 9.48%|
|Wednesday||0.56%||9.76%||-9.20% to 10.32%|
|Thursday||-1.24%||6.58%||-7.83% to 5.34%|
|Friday||0.39%||14.53%||-14.15% to 14.92%|
|Saturday||-0.69%||5.76%||-6.46% to 5.07%|