Beam (BEAM)

Current price: $ 0.76

24 hours price change: $ 0.02 (2.59%)

Daily analysis of Beam (BEAM) - 1 month

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 1 month, starting on September 14th, 2019 to October 14th, 2019.

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 09/14/2019 and 10/14/2019.

According to the performance of Beam between September 14th, 2019 and October 14th, 2019, Beam performed the best on Wednesdays. On average, the price of Beam increased 1.23% on Wednesday.

The weekday on which the Beam performed the worst, is Saturday. On Saturdays, the Beam declined in value on average by -0.52%.

Beam weekday performance

On an average Sunday the Beam shows an increase in value of 1.07%. However, the change of Beam on most of the Sundays is between -0.95% and 3.08%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Beams.

It is hard to tell whether the Beam will increase or decrease in value on an average Monday. The average change on a Monday for the Beam is -0.03%. However, the standard deviation on this weekday is 1.40%. This means that on most Mondays, the change in value of the Beam is between -1.44% and 1.37%.

On an average Tuesday, the Beam increased 0.55%. However, since the expected deviation is 0.69%, the Beam will decline in value on a Tuesday quiet regularly. The expected price change of the Beam on a Tuesday is between -0.14% and 1.23%.

On an average Wednesday the Beam shows an increase in value of 1.23%. However, the change of Beam on most of the Wednesdays is between -0.37% and 2.83%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Beams.

Beam increased in value on an average Thursday only slightly. The average increase in value of the Beam was 0.23%. 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 (0.39%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -0.16% and 0.62%.

The Beam will almost not change or only slightly increase in value on an average Friday. The average change of the Beam on Fridays is 0.14%. The standard deviation of the Beam is 0.13%, which means that in 68% of the Fridays, the range of the change of the Beam is 0.01% and 0.27%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the Beam decreases in value with -0.52% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Saturdays is 1.23%. This means that the expected change of the value of Beam is between -1.76% and 0.71% on 68 out of 100 Saturdays.

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 1.07% 2.01% -0.95% to 3.08%
Monday -0.03% 1.40% -1.44% to 1.37%
Tuesday 0.55% 0.69% -0.14% to 1.23%
Wednesday 1.23% 1.60% -0.37% to 2.83%
Thursday 0.23% 0.39% -0.16% to 0.62%
Friday 0.14% 0.13% 0.01% to 0.27%
Saturday -0.52% 1.23% -1.76% to 0.71%