Beam (BEAM)

Current price: $ 0.03

24 hours price change: $ 0.000601 (1.77%)

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 February 1st, 2024 to March 1st, 2024.

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 02/01/2024 and 03/01/2024.

According to the performance of Beam between February 1st, 2024 and March 1st, 2024, Beam performed the best on Fridays. On average, the price of Beam increased 1.37% on Friday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -0.71%.

Beam weekday performance

On an average Sunday, the Beam increased 0.41%. However, since the expected deviation is 2.59%, the Beam will decline in value on a Sunday quiet regularly. The expected price change of the Beam on a Sunday is between -2.19% and 3.00%.

Historical performance on Monday 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 Monday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Monday is between -0.48% and 2.01% (see also the table below).

It is hard to tell whether the Beam will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Beam is -0.19%. However, the standard deviation on this weekday is 2.15%. This means that on most Tuesdays, the change in value of the Beam is between -2.34% and 1.96%.

On Wednesdays, the Beam decreases in value on average with -0.71%. On most of the Wednesdays the Beam decreases in value between -2.32% and 0.90%. The uncertainty (1.61%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Beam on Wednesdays is large.

Allthough the Beam decreases in value with -0.59% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Thursdays is 4.70%. This means that the expected change of the value of Beam is between -5.29% and 4.11% on 68 out of 100 Thursdays.

On an average Friday the Beam shows a high increase in value, namely 1.37%. The standard deviation is below the average increase percentage (standard deviation is 0.89%), meaning that on 68% of the Fridays the Beam will increase with a percentage between 0.47% and 2.26%. This also means that, on average, on 16 percent of the Fridays, the Beam will increase with a percentage above this range. On the other 16% of the Fridays, the Beam will change with a percentage below the 0.47%.

It is hard to tell whether the Beam will increase or decrease in value on an average Saturday. The average change on a Saturday for the Beam is -0.02%. However, the standard deviation on this weekday is 0.61%. This means that on most Saturdays, the change in value of the Beam is between -0.63% and 0.59%.

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 0.41% 2.59% -2.19% to 3.00%
Monday 0.77% 1.25% -0.48% to 2.01%
Tuesday -0.19% 2.15% -2.34% to 1.96%
Wednesday -0.71% 1.61% -2.32% to 0.90%
Thursday -0.59% 4.70% -5.29% to 4.11%
Friday 1.37% 0.89% 0.47% to 2.26%
Saturday -0.02% 0.61% -0.63% to 0.59%
 

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