HedgeTrade (HEDG)

Current price: $ 0.09

24 hours price change: $ 0.006905 (8.27%)

Daily analysis of HedgeTrade (HEDG) - 6 months

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 6 months, starting on August 9th, 2022 to February 9th, 2023.

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 08/09/2022 and 02/09/2023.

According to the performance of HedgeTrade between August 9th, 2022 and February 9th, 2023, HedgeTrade performed the best on Sundays. On average, the price of HedgeTrade increased 4.64% on Sunday.

The weekday on which the HedgeTrade performed the worst, is Tuesday. On Tuesdays, the HedgeTrade rose in value on average by 0.53%. The price still increased on Tuesdays, allthough it was the smallest increase of all days on average.

HedgeTrade weekday performance

The increase in value of the HedgeTrade is 4.64% on an average Sunday. However, the uncertainty on the average change is high for the HedgeTrade on Sundays. This is the reason why an expected increase of the HedgeTrade on an average Sunday cannot be predicted. The standard deviation for HedgeTrade on Sundays is high, namely 12.92%. This means that the expected range of value change for the HedgeTrade is -8.28% and 17.57% on 68% of the Sundays.

On an average Monday the HedgeTrade shows an increase in value of 2.78%. However, the change of HedgeTrade on most of the Mondays is between -7.88% and 13.43%. Therefore it is hard to tell whether an average Monday is a good day to start buying HedgeTrades.

On an average Tuesday, the HedgeTrade increased 0.53%. However, since the expected deviation is 1.62%, the HedgeTrade will decline in value on a Tuesday quiet regularly. The expected price change of the HedgeTrade on a Tuesday is between -1.10% and 2.15%.

The increase in value of the HedgeTrade is 4.11% on an average Wednesday. However, the uncertainty on the average change is high for the HedgeTrade on Wednesdays. This is the reason why an expected increase of the HedgeTrade on an average Wednesday cannot be predicted. The standard deviation for HedgeTrade on Wednesdays is high, namely 17.95%. This means that the expected range of value change for the HedgeTrade is -13.84% and 22.06% on 68% of the Wednesdays.

The increase in value of the HedgeTrade is 4.02% on an average Thursday. However, the uncertainty on the average change is high for the HedgeTrade on Thursdays. This is the reason why an expected increase of the HedgeTrade on an average Thursday cannot be predicted. The standard deviation for HedgeTrade on Thursdays is high, namely 12.56%. This means that the expected range of value change for the HedgeTrade is -8.55% and 16.58% on 68% of the Thursdays.

The increase in value of the HedgeTrade is 3.98% on an average Friday. However, the uncertainty on the average change is high for the HedgeTrade on Fridays. This is the reason why an expected increase of the HedgeTrade on an average Friday cannot be predicted. The standard deviation for HedgeTrade on Fridays is high, namely 12.87%. This means that the expected range of value change for the HedgeTrade is -8.89% and 16.85% on 68% of the Fridays.

The increase in value of the HedgeTrade is 3.61% on an average Saturday. However, the uncertainty on the average change is high for the HedgeTrade on Saturdays. This is the reason why an expected increase of the HedgeTrade on an average Saturday cannot be predicted. The standard deviation for HedgeTrade on Saturdays is high, namely 13.16%. This means that the expected range of value change for the HedgeTrade is -9.55% and 16.76% on 68% of the 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 4.64% 12.92% -8.28% to 17.57%
Monday 2.78% 10.65% -7.88% to 13.43%
Tuesday 0.53% 1.62% -1.10% to 2.15%
Wednesday 4.11% 17.95% -13.84% to 22.06%
Thursday 4.02% 12.56% -8.55% to 16.58%
Friday 3.98% 12.87% -8.89% to 16.85%
Saturday 3.61% 13.16% -9.55% to 16.76%
 

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