Beam (BEAM)

Current price: $ 0.55

24 hours price change: $ -0.02 (-3.74%)

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 28th, 2021 to September 28th, 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 08/28/2021 and 09/28/2021.

According to the performance of Beam between August 28th, 2021 and September 28th, 2021, Beam performed the best on Wednesdays. On average, the price of Beam increased 0.51% on Wednesday.

The weekday on which the Beam performed the worst, is Thursday. On Thursdays, the Beam declined in value on average by -1.89%.

Beam weekday performance

On Sundays, the Beam decreases in value on average with -0.87%. On most of the Sundays the Beam decreases in value between -1.76% and 0.02%. The uncertainty (0.89%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Beam on Sundays is large.

The Beam declines in value on an average Monday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 2.28%. This means that it is not possible to say whether on a regular Monday the Beam will increase or decrease in value.

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 -0.28%. However, the standard deviation on this weekday is 0.29%. This means that on most Tuesdays, the change in value of the Beam is between -0.57% and 0.01%.

On an average Wednesday, the Beam increased 0.51%. However, since the expected deviation is 0.85%, the Beam will decline in value on a Wednesday quiet regularly. The expected price change of the Beam on a Wednesday is between -0.35% and 1.36%.

The Beam declines in value on an average Thursday with -1.89%. However, the uncertainty (or standard deviation) is quite large, namely 1.51%. This means that it is not possible to say whether on a regular Thursday the Beam will increase or decrease in value.

It is hard to tell whether the Beam will increase or decrease in value on an average Friday. The average change on a Friday for the Beam is -0.03%. However, the standard deviation on this weekday is 0.56%. This means that on most Fridays, the change in value of the Beam is between -0.59% and 0.53%.

Beam increased in value on an average Saturday only slightly. The average increase in value of the Beam was 0.26%. 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 (1.30%). This means that on 68 percent of the Saturdays, the change in price of the Beam is expected to be in the range of -1.04% and 1.56%.

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 -0.87% 0.89% -1.76% to 0.02%
Monday -1.14% 2.28% -3.42% to 1.14%
Tuesday -0.28% 0.29% -0.57% to 0.01%
Wednesday 0.51% 0.85% -0.35% to 1.36%
Thursday -1.89% 1.51% -3.40% to -0.37%
Friday -0.03% 0.56% -0.59% to 0.53%
Saturday 0.26% 1.30% -1.04% to 1.56%
 

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