Beam (BEAM)

Current price: $ 0.63

24 hours price change: $ 0.03 (5.02%)

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 May 13th, 2021 to June 13th, 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 05/13/2021 and 06/13/2021.

According to the performance of Beam between May 13th, 2021 and June 13th, 2021, Beam performed the best on Fridays. On average, the price of Beam increased 4.13% on Friday.

The weekday on which the Beam performed the worst, is Saturday. On Saturdays, the Beam declined in value on average by -2.50%.

Beam weekday performance

It is hard to tell whether the Beam will increase or decrease in value on an average Sunday. The average change on a Sunday for the Beam is -0.27%. However, the standard deviation on this weekday is 0.43%. This means that on most Sundays, the change in value of the Beam is between -0.70% and 0.16%.

On an average Monday the Beam shows an increase in value of 1.01%. However, the change of Beam on most of the Mondays is between -1.12% and 3.14%. Therefore it is hard to tell whether an average Monday is a good day to start buying Beams.

The Beam declines in value on an average Tuesday with -1.28%. However, the uncertainty (or standard deviation) is quite large, namely 3.00%. This means that it is not possible to say whether on a regular Tuesday the Beam will increase or decrease in value.

On an average Wednesday the Beam shows an increase in value of 1.35%. However, the change of Beam on most of the Wednesdays is between -0.66% and 3.36%. 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 0.00%. 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 (0.72%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -0.72% and 0.72%.

The increase in value of the Beam is 4.13% on an average Friday. However, the uncertainty on the average change is high for the Beam on Fridays. This is the reason why an expected increase of the Beam on an average Friday cannot be predicted. The standard deviation for Beam on Fridays is high, namely 8.49%. This means that the expected range of value change for the Beam is -4.37% and 12.62% on 68% of the Fridays.

The Beam declines in value on an average Saturday with -2.50%. However, the uncertainty (or standard deviation) is quite large, namely 4.84%. This means that it is not possible to say whether on a regular Saturday the Beam will increase or decrease in value.

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 -0.27% 0.43% -0.70% to 0.16%
Monday 1.01% 2.13% -1.12% to 3.14%
Tuesday -1.28% 3.00% -4.28% to 1.73%
Wednesday 1.35% 2.01% -0.66% to 3.36%
Thursday 0.00% 0.72% -0.72% to 0.72%
Friday 4.13% 8.49% -4.37% to 12.62%
Saturday -2.50% 4.84% -7.35% to 2.34%
 

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