Beam (BEAM)

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Daily analysis of Beam (BEAM) - 1 year

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 year, starting on May 24th, 2023 to May 17th, 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 05/24/2023 and 05/17/2024.

According to the performance of Beam between May 24th, 2023 and May 17th, 2024, Beam performed the best on Saturdays. On average, the price of Beam increased 0.23% on Saturday.

The weekday on which the Beam performed the worst, is Wednesday. On Wednesdays, the Beam declined in value on average by -0.30%.

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 -0.18%. However, the standard deviation on this weekday is 1.32%. This means that on most Sundays, the change in value of the Beam is between -1.50% and 1.15%.

Beam increased in value on an average Monday only slightly. The average increase in value of the Beam was 0.18%. 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 (1.41%). This means that on 68 percent of the Mondays, the change in price of the Beam is expected to be in the range of -1.23% and 1.59%.

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 -0.21%. However, the standard deviation on this weekday is 2.58%. This means that on most Tuesdays, the change in value of the Beam is between -2.79% and 2.36%.

Allthough the Beam decreases in value with -0.30% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Beam on Wednesdays is 1.83%. This means that the expected change of the value of Beam is between -2.13% and 1.53% on 68 out of 100 Wednesdays.

Beam increased in value on an average Thursday only slightly. The average increase in value of the Beam was 0.15%. 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 (2.03%). This means that on 68 percent of the Thursdays, the change in price of the Beam is expected to be in the range of -1.88% and 2.17%.

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 -0.07%. However, the standard deviation on this weekday is 1.02%. This means that on most Fridays, the change in value of the Beam is between -1.09% and 0.95%.

Beam increased in value on an average Saturday only slightly. The average increase in value of the Beam was 0.23%. 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 (1.76%). This means that on 68 percent of the Saturdays, the change in price of the Beam is expected to be in the range of -1.53% and 1.99%.

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 -0.18% 1.32% -1.50% to 1.15%
Monday 0.18% 1.41% -1.23% to 1.59%
Tuesday -0.21% 2.58% -2.79% to 2.36%
Wednesday -0.30% 1.83% -2.13% to 1.53%
Thursday 0.15% 2.03% -1.88% to 2.17%
Friday -0.07% 1.02% -1.09% to 0.95%
Saturday 0.23% 1.76% -1.53% to 1.99%
 

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