Beam (BEAM)

Current price: $ 1.38

24 hours price change: $ -0.42 (-23.28%)

Daily analysis of Beam (BEAM) - all

The performance of Beam regarding the price differs every day. To make the best decision to buy Beam, we are analysis in this article the performance of Beam on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on March 11th, 2019 to April 20th, 2021.

In the barchart below, the weekdays and average performance of Beam are shown side by side.

Average daily change in price of Beam per weekday between 03/11/2019 and 04/20/2021.

According to the performance of Beam between March 11th, 2019 and April 20th, 2021, Beam performed the best on Saturdays. On average, the price of Beam increased 1.11% on Saturday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -1.13%.

Beam weekday performance

Beam increased in value on an average Sunday only slightly. The average increase in value of the Beam was 0.29%. Allthough the Beam closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.57%). This means that on 68 percent of the Sundays, the change in price of the Beam is expected to be in the range of -5.28% and 5.85%.

Allthough the Beam decreases in value with -0.39% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Mondays is 3.24%. This means that the expected change of the value of Beam is between -3.63% and 2.86% on 68 out of 100 Mondays.

Historical performance on Tuesday do not show an increase in value of the Beam on which a prediction can be made. The Beam increased in value on average on an average Tuesday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Tuesday is between -3.27% and 4.94% (see also the table below).

The Beam declines in value on an average Wednesday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 6.47%. This means that it is not possible to say whether on a regular Wednesday the Beam will increase or decrease in value.

It is hard to tell whether the Beam will increase or decrease in value on an average Thursday. The average change on a Thursday for the Beam is -0.18%. However, the standard deviation on this weekday is 3.70%. This means that on most Thursdays, the change in value of the Beam is between -3.88% and 3.52%.

On an average Friday, the Beam increased 0.55%. However, since the expected deviation is 5.01%, the Beam will decline in value on a Friday quiet regularly. The expected price change of the Beam on a Friday is between -4.46% and 5.56%.

On an average Saturday the Beam shows an increase in value of 1.11%. However, the change of Beam on most of the Saturdays is between -5.48% and 7.69%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Beams.

Beam weekday performance details

Find below the details of the performance of Beam 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 0.29% 5.57% -5.28% to 5.85%
Monday -0.39% 3.24% -3.63% to 2.86%
Tuesday 0.83% 4.11% -3.27% to 4.94%
Wednesday -1.13% 6.47% -7.60% to 5.35%
Thursday -0.18% 3.70% -3.88% to 3.52%
Friday 0.55% 5.01% -4.46% to 5.56%
Saturday 1.11% 6.59% -5.48% to 7.69%

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