Beam (BEAM)

Current price: $ 0.28

24 hours price change: $ -0.01 (-4.18%)

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 August 25th, 2020 to September 24th, 2020.

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 08/25/2020 and 09/24/2020.

According to the performance of Beam between August 25th, 2020 and September 24th, 2020, Beam performed the best on Fridays. On average, the price of Beam increased 0.19% on Friday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -9.44%.

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 -0.21%. However, the standard deviation on this weekday is 0.68%. This means that on most Sundays, the change in value of the Beam is between -0.89% and 0.47%.

Allthough the Beam decreases in value with -0.30% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Mondays is 0.34%. This means that the expected change of the value of Beam is between -0.64% and 0.04% on 68 out of 100 Mondays.

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 -0.15%. However, the standard deviation on this weekday is 0.36%. This means that on most Tuesdays, the change in value of the Beam is between -0.51% and 0.21%.

The decrease in value of the Beam is -9.44% on an average Wednesday. The uncertainty of the average change is high for the Beam on Wednesdays. This means that it is hard to tell whether the Beam will decrease or increase in value on an average Wednesday. If we look at the 68% range of the Beam, we see that on 68% of the Wednesdays, the expected change of the Beam is between -28.63% and 9.75%.

Beam increased in value on an average Thursday only slightly. The average increase in value of the Beam was 0.01%. 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 (1.09%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -1.08% and 1.10%.

Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.19%. 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 (1.14%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -0.95% and 1.33%.

Allthough the Beam decreases in value with -0.49% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Saturdays is 0.90%. This means that the expected change of the value of Beam is between -1.38% and 0.41% 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 -0.21% 0.68% -0.89% to 0.47%
Monday -0.30% 0.34% -0.64% to 0.04%
Tuesday -0.15% 0.36% -0.51% to 0.21%
Wednesday -9.44% 19.19% -28.63% to 9.75%
Thursday 0.01% 1.09% -1.08% to 1.10%
Friday 0.19% 1.14% -0.95% to 1.33%
Saturday -0.49% 0.90% -1.38% to 0.41%
 

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