Beam (BEAM)

Current price: $ 0.67

24 hours price change: $ -0.03 (-4.37%)

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 January 24th, 2020 to February 23rd, 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 01/24/2020 and 02/23/2020.

According to the performance of Beam between January 24th, 2020 and February 23rd, 2020, Beam performed the best on Thursdays. On average, the price of Beam increased 1.04% on Thursday.

The weekday on which the Beam performed the worst, is Sunday. On Sundays, the Beam declined in value on average by -0.64%.

Beam weekday performance

On Sundays, the Beam decreases in value on average with -0.64%. On most of the Sundays the Beam decreases in value between -1.99% and 0.72%. The uncertainty (1.35%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Beam on Sundays is large.

On Mondays, the Beam decreases in value on average with -0.62%. On most of the Mondays the Beam decreases in value between -2.03% and 0.78%. The uncertainty (1.40%) is higher than the average decline percentage (-0.62%). Therefore, expected range of price changes of the Beam on Mondays is large.

Beam increased in value on an average Tuesday 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 (1.09%). This means that on 68 percent of the Tuesdays, the change in price of the Beam is expected to be in the range of -0.80% and 1.38%.

It is hard to tell whether the Beam will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Beam is -0.15%. However, the standard deviation on this weekday is 1.73%. This means that on most Wednesdays, the change in value of the Beam is between -1.87% and 1.58%.

On an average Thursday the Beam shows an increase in value of 1.04%. However, the change of Beam on most of the Thursdays is between -0.38% and 2.45%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Beams.

Beam increased in value on an average Friday only slightly. The average increase in value of the Beam was 0.30%. 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 (1.23%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -0.93% and 1.52%.

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 1.18%. This means that the expected change of the value of Beam is between -1.71% and 0.66% 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 -0.64% 1.35% -1.99% to 0.72%
Monday -0.62% 1.40% -2.03% to 0.78%
Tuesday 0.29% 1.09% -0.80% to 1.38%
Wednesday -0.15% 1.73% -1.87% to 1.58%
Thursday 1.04% 1.41% -0.38% to 2.45%
Friday 0.30% 1.23% -0.93% to 1.52%
Saturday -0.52% 1.18% -1.71% to 0.66%
 

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