Weekend stock tokens predict Monday open, but guessing up scores 55%

Stock tokens kept trading through weekends, but their prices did not reliably guide the next stock-market open in a new study of 121 stocks. Blockchain data provider Bitquery's Nov. 3 analysis found that Sunday token moves measured before equity-index futures reopened correctly called 54% of qualifying openings, so simply predicting that every stock would open higher scored 55%. More hours can give investors another opportunity to transact, but they do not show that the resulting prices predict the next opening better. Bitquery followed 17 weekends beginning July 10 through Oct. 30, with the final stock opening on Nov. 2. It recorded 791 stock-opening observations across those stocks, and its direction test kept the 533 openings that moved at least 0.5% from Friday's close.

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