Beam (BEAM)

Current price: $ 0.31

24 hours price change: $ 0.02 (6.32%)

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 October 24th, 2020 to November 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 10/24/2020 and 11/24/2020.

According to the performance of Beam between October 24th, 2020 and November 24th, 2020, Beam performed the best on Mondays. On average, the price of Beam increased 2.01% on Monday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -1.68%.

Beam weekday performance

Beam increased in value on an average Sunday only slightly. The average increase in value of the Beam was 0.06%. 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 Sundays, the change in price of the Beam is expected to be in the range of -1.17% and 1.29%.

On an average Monday the Beam shows an increase in value of 2.01%. However, the change of Beam on most of the Mondays is between -1.23% and 5.25%. Therefore it is hard to tell whether an average Monday is a good day to start buying Beams.

On an average Tuesday the Beam shows an increase in value of 1.13%. However, the change of Beam on most of the Tuesdays is between -0.25% and 2.50%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Beams.

The Beam declines in value on an average Wednesday with -1.68%. However, the uncertainty (or standard deviation) is quite large, namely 1.30%. This means that it is not possible to say whether on a regular Wednesday the Beam will increase or decrease in value.

On an average Thursday the Beam shows an increase in value of 1.54%. However, the change of Beam on most of the Thursdays is between -1.08% and 4.15%. 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 0.20%. 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 (0.76%). This means that on 68 percent of the Fridays, the change in price of the Beam is expected to be in the range of -0.55% and 0.96%.

Historical performance on Saturday 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 Saturday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Beam on a Saturday is between -0.29% and 1.92% (see also the table below).

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 0.06% 1.23% -1.17% to 1.29%
Monday 2.01% 3.24% -1.23% to 5.25%
Tuesday 1.13% 1.38% -0.25% to 2.50%
Wednesday -1.68% 1.30% -2.97% to -0.38%
Thursday 1.54% 2.61% -1.08% to 4.15%
Friday 0.20% 0.76% -0.55% to 0.96%
Saturday 0.81% 1.11% -0.29% to 1.92%
 

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